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Transocean Awarded $222 Million Drillship Contract
Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding notification of award for Transocean's Dhirubhai Deepwater KG1, a sixth-generation drillship built in 2009 by South Korea's Samsung Heavy Industries.The 21-month program is expected to commence in the first quarter of 2024…
Samsung Heavy and MISC Develop Floating CO2 Storage Unit
Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less.The injection module mounted on the upper part of the hull secures the ability to send five million tons (MTPA) of CO2 per year to the depths of the seabed.
US Offshore Wind Sector Faces Key Test After Weak Gulf Auction
The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U.S. officials had touted the auction as a key milestone in Biden’s agenda to make offshore wind a cornerstone of U.S. efforts to fight fossil-fuel-driven climate change.But with only a single bid of $5.6 million emerging for the rights to 102…
"You're gonna need a bigger crane..."
Offshore wind turbines are reaching new heights both literally (meters), and figuratively (megawatts). As the demand for larger turbines surges, so do the challenges faced by offshore installation contractors, which need to come up with bigger vessels, and, consequentially, bigger cranes for those vessels.When I took on the assignment to produce a piece focusing on heavy-lifting cranes and deck machinery for OE…
Low Interest Shown in US' First Gulf of Mexico Offshore Wind Auction
Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and two in Texas (Galveston I and II). Together, the three shallow water sites contain a theoretical potential of 3.7 gigawatts (GW).
DEME Reports Strong H1 Performance
DEME Group has released its half year results saying its orderbook is 7.7 billion euro ($8.3 billion), up 36% compared to H1 2022, reflecting continued healthy demand and strong market positioning across all segments.Group turnover grew 14% year-over-year to 1.5 billion euro ($1.6), with growth in the offshore energy and environmental segments. Net profit was 30 million euro ($32 million), down from 39 million euro ($42 million) a year ago…
Cadeler Reports Strong Results, Outlook
Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of 2023 was EUR 44 million, which is a EUR 21 million increase compared to the same period last year. EBITDA for H1 2023 was EUR 42 million.
Norway-Poland Offshore Wind Deal Signed
Norwegian Offshore Wind has signed an MoU with The Polish Investment and Trade Agency, aiming to boost offshore wind collaboration between the two countries.“These two markets have different strengths within offshore wind, and we therefore have a lot to gain on establishing strong connections between both supply chain companies and developers,” says Arvid Nesse, manager of Norwegian Offshore Wind, an organisation with 380 members.Nesse points out that Poland has experience within construction…
Damen Shipyards Galati Celebrates 130 Years
This year sees a milestone moment for Damen Shipyards Galati in Romania as the yard marks 130 years of operation. Part of the Damen Shipyards Group since 1999, the Galati yard has been responsible for some of the company’s largest and most complex vessel deliveries to date.The Galati yard, on the banks of the Danube, first opened its gates in 1893. Beginning life as a mechanical construction and iron and bronze foundry, by 1897, it had gone into the ship repair business and was known as G.
Maersk Supply Service to Narrow Business Focus
Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets, increase synergies in its operations and improve profitability.The offshore vessel markets continue to improve, and the energy transition continues to accelerate.
ESVAGT Develops Larger Transfer Vessel
Danish partners ESVAGT and Hvide Sande Shipyard are collaborating to create larger and stronger transfer boats, with room to transport more technicians and cargo for the offshore wind industry.Many years ago, ESVAGT introduced safe transfer boats (STB) to operate as daughter craft from their service operation vessels (SOV) to transfer technicians in offshore wind farms.Now, the new STB15, developed with Hvide Sande Shipyard for use on the Hornsea offshore wind farms…
First US Gulf Offshore Wind Auction to Fuel Green Hydrogen Push
The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy.That is why players in the nascent U.S. offshore wind industry are looking beyond the grid when the Biden administration holds the first-ever offshore wind auction in the Gulf of Mexico on Tuesday…
New Product: Robust, Stylish Marine Luminaires
Glamox launched new range of energy-efficient indoor lighting for vessels and offshore installations, with an eye on style.The AL40 LED range of indoor luminaires is specially designed to light the interior of vessels and offshore installations. The luminaires are designed to provide comfortable and glare-free lighting for locations where crew and passengers spend a lot of time. This includes offices, cabin corridors, staircases, crew cabins, control rooms, and the bridge.
14th Annual Maritime Risk Symposium to be Held Nov. 14-16 at SUNY Maritime
The 2023 Maritime Risk Symposium (MRS) will be held Nov. 14-16, 2023, as an in-person event, hosted by Maritime College, State University of New York (SUNY) at the Maritime Academic Center. The theme of the 14th annual event is “Managing Impacts of Supply Chain Disruptors, Renewable Energy, Emerging Technology on the Maritime Transportation System (MTS)” with a focus on offshore infrastructure risk and disruptors.
Partners to Demonstrate Offshore Charging of SOVs
Danish offshore charging solutions company Stillstrom has signed an MoU with UK offshore support vessel operator North Star to accelerate the adoption of offshore charging and vessel electrification technologies for service operation vessels (SOVs) in the offshore wind sector.Stillstrom’s charging solutions will enable North Star's growing SOV fleet to recharge their battery systems using wind energy while in the field.By combining their expertise and resources…
Meyer Appoints Group CEO
Meyer Group has appointed Bernd Eikens as Group CEO starting in December 2023.Eikens has worked in different management positions for UPM-Kymmene for 25 years, since 2013 as a member of the group executive team. His international career includes positions in the US, China, Germany and Finland. Most recently, he headed the successful implementation of a pulp mill project in Uruguay with an investment volume of $3.5 billion.He has been a member of the Meyer Turku advisory board since 2019 and…
Offshore Wind: US Shipbuilders Answering the Call
It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HII’s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trump’s 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval contract that gave a welcome boost to the Wisconsin shipyard and its supply chain partners.
Morgan Stanley Gets Behind Crowley's Offshore Wind Push
Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States.Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), a private infrastructure fund platform within Morgan Stanley Investment Management (MSIM), will hold a majority stake in Crowley Wind Services Holdings…
Marine Learning Systems and Intelligent Seas Group Partner
Maritime e-learning specialists Intelligent Seas Group (ISG) and Marine Learning Systems (MLS) announced they are teaming up to deliver flexible, digital learning solutions to the on- and offshore maritime industries.The formal collaboration marries ISG’s eLearning content library with MLS’ maritime-specific learning platform, which includes a highly configurable learning management system (LMS) and live skills assessment tool.Leveraging up-to-date software packages and techniques…
Damen Delivered New Workboat for SAFEEN Group
Damen Shipyards Group has delivered a new Shoalbuster 3209 to SAFEEN Group, a subsidiary of AD Ports Group. The vessel was named Al Mirfa, after a coastal community located in the Al Dhafra region of Abu Dhabi, in a ceremony that took place at Damen Shipyards Gorinchem in the Netherlands.The vessel, which will primary be used for buoy maintenance, features a shallow draft, extensive unobstructed deck…
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
“The Money Maker”: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
