COLUMN | Looking to the future: Petrobras newbuilds; James Fisher; Saudi Arabia’s NEOM plans; TotalEnergies and Sapura; wind bust timing [Offshore Accounts]

“Brazil is the country of the future,” goes the cliché that the Austrian writer Stefan Zweig declared in 1941 as the opening line of his book Brazil, Land of the Future. Zweig wrote in exile there, and a year later, he and his wife deliberately killed themselves with a drug overdose. Brazilians then began joking […]

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COLUMN | The Twelve Days of Christmas 2023: Days 7,8 and 9: Standard Supply and Capital Maritime, Costamare and Vestland; eight billion tonnes of coal; nine missing Vroon vessels [Offshore Accounts]

Not long until Christmas now! On the first day of Christmas my true love gave to me… a partridge in a pear tree, according to the ancient English carol, but at Baird Maritime, we have already reached the second half of our Twelve Days of Christmas from an energy perspective. So, who replaces the seven […]

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COLUMN | Vroon, Vroon, Vroon: Britoil’s take-over marks closure, as Golden Energy flip shows ING’s folly [Offshore Accounts]

Finally, Singapore-headquartered Britoil announced last week that it had completed the purchase of most of the offshore fleet of Vroon, the Dutch ship-owner. Britoil bought 29 offshore support vessels, plus a small oil spill response vessel from Vroon. Golden Energy Offshore had announced in August that it was buying four large PX121 design platform supply […]

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COLUMN | What are the consequences of the offshore surge? Tidewater’s triumph provides Chinese yards with boom, and starts North Sea exodus [Offshore Accounts]

One of the delights of the offshore market recovery has been the surge in charter rates for platform supply vessels (PSVs) around the world. Tidewater’s triumphant presentation at the Barclays CEO Energy Conference earlier this month showed the potency of the market recovery that the company has driven ever onwards and upwards after its acquisition […]

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COLUMN | Tension: Chevron in Cyprus; Ørsted’s woes; Maersk Supply Service restructures; Borr’s Mexican receivables [Offshore Accounts]

Kylie Minogue has a new pop single out this week, called Tension, which is most appropriate. There’s tension in the Eastern Mediterranean, tension across the offshore wind industry, as another major operator takes a big write off, and tension in Maersk Supply Service, where 130 British staff face redundancy, the COO has been let go, […]

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COLUMN | Getting results: Valaris; Tidewater; Golden Energy Offshore; Boskalis in Yemen [Offshore Accounts]

Who said that August was a month for relaxing by the beach? No book reviews for your sun lounger this year. Instead, we plunge into the results reporting season and an analysis of some of the recent deals in the offshore sector. Valaris exercises bargain Korean options The drillers are in a sweet...

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VESSEL REFIT | Anuanua Moana – Ex-subsea construction vessel to take on ocean exploration activities off Cook Islands

Moana Minerals (MML), a Cook Islands-based deepwater metals exploration company and wholly owned subsidiary of US private offshore mining firm Ocean Minerals, has begun o ..

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COLUMN | Quick updates: Maersk Supply Service sold; The Metals Company borrows from Allseas as seabed mining negotiations get tense; Cadeler and Eneti report; Scottish Ferries report reveals ̶g̶r̶o̶s̶s̶ ̶n̶e̶g̶l̶i̶g̶e̶n̶c̶e̶ significant failings [Offshore Accounts]

It has been nearly six months since we whacked out one of our quick updates (last one here), so it is time to whip through the latest developments in our favourite compan ..

The post COLUMN | Quick updates: Maersk Supply Service sold; The Metals Company borrows from Allseas as seabed mining...

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COLUMN | Disorderly dissolution? Vroon, Bourbon and DOF face uncertain futures whilst the UK beefs up its naval capacities with subsea vessel acquisitions [Offshore Accounts]

King Henry VIII of England is most famous for two things: 1) having six wives and 2) “dissolving” the monasteries. The latter was especially chaotic, being characteri ..

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COLUMN | I will survive: Seacor Marine channels Gloria Gaynor [Offshore Accounts]

Seacor Marine is a survivor. Most of its supply vessel-owning peers in America and internationally went bust in the extended industry downturn from 2015 to 2021, and were ..

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