Global Marine Group News

U.K. investment firm Inspirit Capital announced it has completed the carve-out of CWind, a provider of offshore wind support services, from Global Marine Group.CWind completes approximately 60,000 crew transfers annually, utilizing its fleet of crew transfer vessels (CTV), including the world’s first hybrid surface effect ship, CWind Pioneer. The company has operated in support of more than 50 U.K. and European offshore wind farms since 2010.London-based Inspirit Capital specializes…

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the company is well positioned to capitalize on the increasing global offshore activity with recently closed (and pending) additions to its fleet of offshore vessels.“Having been…

Offshore services firm Global Marine Group has extended the contract for Solstad Offshore's construction support vessel Normand Clipper.The contract extension is for three years more, with the vessel now expected to stay with Global Marine Group until May 2026. Global Marine Group will have additional extension options upon the expiration of the firm contract.Global Marine Group will continue to utilize the vessel to support its worldwide cable lay operations."The commercial terms and conditions are confidential between the parties…

Global Offshore, part of Global Marine Group, has won a contract for the installation and burial of 27 array cables at Parkwind’s Arcadis Ost 1 offshore wind farm in the German Sector of the Baltic SeaGlobal Offshore will be responsible for the project management and marine engineering; cable protection systems supply and installation, pre and post lay surveys, cable loading and laying, cable burial, and post-burial survey.OceanIQ, Global Offshore’s sister company, will provide route engineering services for the project.

The market for marine services in support of the installation and maintenance of undersea telecommunications cables has matured over a period of more than 100 years to reach its present state of development. The largest providers of marine services (companies such as the Global Marine Group, SubCom, Alcatel Submarine Networks and Orange Marine) take different approaches to operations, but provide a mature and assured set of services that play a critical role in the industry. Marine services support the suppliers of undersea cable systems (delivering 50…

As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting hotter.As the cumulative maritime, offshore, port and logistics marketplace gears up for offshore wind energy on a huge scale, World Energy Reports (WER), in its report “2021 The Year When Offshore Wind Takes Off in the United States,” shows the anticipated growth trajectory. Service Operations Vessels (SOVs), which can commission and/or maintain turbines…

CWind, a provider of project services and crew transfer vessels (CTV) to the offshore wind industry, reports it has completed the sale of its CTV Endeavour to Wood Marine, a port services operator based in Suffolk, U.K.According to CWind, part of the Global Marine Group (GMG), the sale the 18.5-meter catamaran with a maximum speed of 27 knots, is part of the company’s plan to remodel its CTV fleet.“We continuously review the composition of our fleet of over 20 CTVs, to actively divest tonnage and upgrade our fleet to suit market requirements.” Joshua Brennan, operations director at CWind.

CWind, offshore wind crew transfer specialist, on Tuesday announced the delivery of what it described as "the world’s first hybrid-powered Surface Effect Ship (SES)," the CWind Pioneer crew transfer vessel.CWind said that the crew transfer vessel, with 24 passenger capacity, was developed in response to an industry-wide push to develop and deploy innovative technologies that reduce CO2 emissions, while cost-effectively servicing windfarms located further offshore. "The CWind Pioneer…

Norway-based operator of offshore support and construction vessels Solstad Offshore has secured a contract for its Normand Cutter vessel with Global Marine Group ("GMG").The construction support vessel is already on a contract with GMG, and the new contract will start in March 2021, in direct continuation of the current charter.Under the new contract, the firm duration is 120 days plus 80 days options. In addition, GMG has the option to extend the contract for up to 200 days in 2022…

Remote monitoring and reporting platforms provider Reygar says it is working with offshore renewables services company CWind to develop a new communication safety feature within its BareFLEET fleet monitoring system.In an effort to simplify communications between the bridge and shore team while the vessel is in transit, the companies have partnered to test and deploy an upgrade to BareFLEET that alerts the master to record their presence on the bridge at regular intervals. BridgeWatch…

Dutch offshore services provider Fugro has said it has received $17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co Ltd. The proceeds are in addition to EUR 34.0 million which Fugro received in the first quarter of 2020 from the divestment of its 23.6% stake in Global Marine Group, which was bought a J.F. Lehman & Company affiliate for an enterprise value of $250 million.The remaining 19% of Huawei Marine Networks that is under a two-year put-option agreement is expected to generate another $10-15 million for Fugro…

Global Offshore, a provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil and gas markets and part of the Global Marine Group, is adding offshore installation and construction vessel Normand Clipper to its fleet. The vessel, on long-term charter from Solstad Offshore, will be operational within the first quarter of this year.The charter gives Global Offshore options for up to eight years.The Normand Clipper is currently being fitted with a 4…

US-based financial services company HC2 Holdings and the Dutch multinational provider of geo-intelligence Fugro have sold offshore engineering specialist Global Marine Group (GMG) to private equity firm J.F. Lehman & Company for a sum of USD 250 million.HC2 holds 73% of Global Marine Group’s shares, while Fugro holds 23.6% of the shares. Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.Global Marine Group is made up of the three business units Global Marine, Global Offshore and CWind. The company provides a wide range of engineering services to the oil & gas and wind energy industries.

British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F.

Norwegian ship owner Solstad Offshore said it has been awarded a long-term contract with Global Offshore, part of the Global Marine Group for CSV Normand ClipperThe contract will commence in the first quarter of 2020 and have a duration of three years firm plus five years options thereafter.Global Offshore will utilize the vessel to support cable lay operations within the renewable energy and oil and gas sectors.

Offshore wind farms service provider has signed a long-term charter contract agreement with Ørsted, to deliver the world’s first hybrid powered Surface Effect Ship (SES) to Borssele 1 and 2 offshore wind farms.The agreement between Ørsted and CWind, part of the Global Marine Group, covers an initial three-year firm charter with options available for a further two years.The Hybrid SES crew transfer vessel will be operating from the Dutch port of Vlissingen, to Borssele 1 and 2, located 23km from the Dutch coast in the North Sea.The development of the Hybrid SES for use as a crew transfer vessel is in response to an industry-wide push to develop and deploy innovative technologies that reduce CO2 emissions…

The diversified holding company HC2 Holdings announced that it is exploring strategic alternatives, including a potential sale, for its  Global Marine Group (GMG)  subsidiary.As part of this process, Global Marine Holdings, a leading provider of offshore engineering services to the telecommunications, renewables and oil & gas industries through its operating subsidiary Global Marine Systems Limited, has engaged Deutsche Bank Securities Inc. and ABN AMRO Bank as joint advisors to explore strategic alternatives for the business."Since our acquisition four years ago, the management team at Global Marine has repositioned and strengthened itself by securing and maintaining leadership positions in various key growth markets…

Mark Preece has been appointed Managing Director of CWind, the Global Marine Group (GMG) offshore renewable business.   Preece, who has extensive experience in the offshore and maritime sectors, joined CWind on an interim basis late in 2017.    He has formerly served as Executive Vice Chairman at PDi Ltd, CEO of CEONA Offshore and CEO of Reef Subsea.

Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million, and a one year secured vendor loan of $ 7.5 million. Fugro said it will realize a gain on this transaction, valued at approximately $73 million. GMG is a supplier of subsea cable installation and maintenance services in the telecoms, offshore renewables, power and oil and gas market segments. The…

Offshore wind industry services provider CWind said it has been awarded a contract by DONG Energy, to install new and retrofit existing gates on the transition pieces (TPs) at the Gode Wind and Borkum Riffgrund offshore wind farms, located in the North Sea off the coast of Northern Germany. CWind, which is part of the Global Marine Group and delivers the company’s power capabilities, will use its crew transfer vessels, assets and engineering expertise to help complete the project.

CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish Sea. CWind, the offshore power focused business of Global Marine Group (GMG), will provide vessels for Operations & Maintenance (O&M) to the 108-turbine West of Duddon Sands site, including a summer campaign to ensure the site remains operating at peak performance throughout the busier summer months.

Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world, or on installation, maintenance or repair contracts. “As we head into the summer months, we are extremely pleased about our robust activity level, which we feel is a reflection of our high performance standards…