CWind's Next-Gen Offshore Wind Crew Transfer Vessel Launched
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…
JFLCO Acquires Global Marine Group
British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F.
HC2 Holding Mulls Global Marine Sale
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…
GMG Acquires Fugro’s Trenching, Cable Laying Business
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…
Global Marine Group Keeping Busy in 2017
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…
Global Marine Takes Majority Stake in CWind
Global Marine Systems Limited has acquired a majority interest in offshore renewables specialist CWind Limited. According to Global Marine, the purchase demonstrates its commitment to the offshore renewable sector and adds a diverse range of construction and O&M services to its current capabilities. CWind has to date supported the construction and operation of more than 26 wind farms in the North Sea, Irish Sea and the Baltic delivering a broad range of construction and O&M services. Substantial growth has led CWind to open a new office in Bremen, Germany in 2014.
NE England Shipyard Completes Cableship Conversion Work
Global Marine Systems Energy contracted A&P North East to ready 'Cable Enterprise' for offshore wind farm operations. The project took 110 days work to make the vessel ready for a contract on the Gwynt y Mor offshore wind farm, situated off the coast of Wales. Works carried out by A&P North East on the project included; fitting of a carousel to the main deck and under deck stiffening along with fabrication and installation of a number of items including a forward cow catcher, bulwalk sections, A-Frame seats and plough carriage.
