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Purus Marine’s Swansea, U.K. based offshore wind service subsidiary HST Marine has selected BMT’s StratCat 27 design for four hybrid crew transfer vessels it has ordered from Singapore shipbuilder Strategic Marine. Set for delivery in the first half of 2023, they will be the first parallel hybrid propulsion CTVs to be built in Asia, according to BMT…. Read More
Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to purchase 37 of Solstad Offshore ASA’s (“SOFF”) platform supply vessels (“PSV”) for $577 million (the “Transaction”). Strategic Rationale Solidifies Tidewater as the leading high-specification PSV operator: The addition of 37 PSVs makes Tidewater the largest owner and operator of high-specification PSVs, which is the… Read More
The first phase of construction contracts has been awarded for the world’s first man-made “energy island,” to be built by Belgium as part of a plan to develop an integrated European offshore electricity grid. After a year-long process, the contract was awarded to a Belgian consortium between Jan de Nul and DEME that will utilize… Read More
As offshore wind projects seek to move further out to sea they face the challenge of adapting to floating foundations. While the efforts hold the potential to open broader areas for wind power generation, the designs will need to be able to sustain operations in harsh environments. Norway’s Odfjell Oceanwind unveiled its design for a… Read More
Norwegian offshore wind service vessel company Edda Wind is making an aggressive move ordering new ships to fill a perceived gap in the market for wind commission services. Edda entered into a contract with Fincantieri’s subsidiary Vard for the construction of four commissioning service operation vessels (CSOVs) valued at $268 million and took options for… Read More
Scientists at Scripps Institution of Oceanography in San Diego, California, concluded that offshore wind promotes the creation of barreling waves. A study published in the Journal of Fluid Mechanics confirms the empirical notion that winds blowing from land to ocean help develop perfect-breaking tubular waves. Falk Feddersen and his team analyzed the patterns and breaking behavior of… Read More
The whaling industry put New Bedford on the map long ago by bringing the city commercial success, but in this day and age the focus has turned to offshore wind, in combination with the fishing industry as a way to drive New Bedford’s economy. Civic and business leaders are joining Mayor Jon Mitchell in asking… Read More
BP and EnBW, which are partnered to develop three offshore wind farms in the UK, are joining a project to investigate the use of zero or low-emission support vessels for their wind farms. The project is part of a growing effort looking to apply sustainability to all portions of the lifecycle for the operations of… Read More
Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive vessel purchase agreement with Nautical Solutions, L.L.C., an affiliate of Edison Chouest Offshore, to acquire a total of six high-spec new generation offshore supply vessels (“OSVs”) for an undisclosed amount of cash. Each of the vessels are U.S.-flagged, Jones Act-qualified, 280 class… Read More
DownloadPDF Format (opens in new window) Full-Year 2023 Guidance Forecasted revenue for 2023 of approximately $900 million, an increase of 39.0% compared to full-year 2022 revenue of $647.7 million Forecasted 2023 vessel operating margin of approximately 50.0%, an increase of 11.9 percentage points compared to full-year 2022 vessel operating margin of 38.1% Full-Year 2022 Highlights… Read More
OceanXpress, a joint venture between Damen Shipyards Group and Ampelmann, recently announced a two-year offshore support contract in cooperation with Compagnie Maritime Monégasque (CMM) to Petrobras off the coast of Brazil. The Damen Fast Crew Supplier (FCS) 7011 Aqua Helix, equipped with an Ampelmann S-type system, will transport personnel to and from offshore platforms in support of an Oil… Read More
Boskalis has secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Boskalis will carry out a large number of the activities contributing to the development of this renewable energy project in the coming 12 months. The sizable(1) contract was awarded by Ocean Winds, the 50:50 joint venture between EDP Renewables and ENGIE dedicated to offshore wind energy. The Moray West offshore wind farm is located off the east coast of Scotland… Read More
When Gov. Janet Mills on Thursday released her “roadmap” for the state to develop offshore wind power, much of the focus, naturally, was on where the map headed. The aim is to create floating platforms topped with wind turbines, which capture the Gulf of Maine’s consistent sea breezes and generate electricity, helping to meet Maine’s… Read More
The Biden administration announced initiatives yesterday to prepare states for floating offshore wind — a young but fast-emerging type of power that some say could revolutionize renewables on the West Coast. The plans from the White House, Department of Energy and other federal agencies include a 20-month study on how to build out transmission networks… Read More
Seaway7 and Saipem have announced a commercial collaboration agreement to identify, bid and execute bottom-fixed offshore wind projects. Under the agreement, the companies will pursue selected projects “where the combined utilisation of the companies’ complementary world-class assets, technologies, products and competencies will generate significant synergies and improve project economics.” The companies will cover activities such… Read More