The results of fortunes and failures are often described as a “perfect storm”. The COVID pandemic, domestic inflation, labor issues and current geopolitical events have brought that description to a peak. A promise of a “new normal” emerged post pandemic…
Offshore installation firm DEME Offshore has signed a contract with Sequalize to deploy its HC1100 active heave compensator on the first commercial scale wind farm installation project in the USA, Vineyard Wind, to transfer wind turbine components to and from heaving supply vessels…
An innovative wind turbine installation vessel (WTIV) design from Houston-based naval architecture and marine engineering firm Friede & Goldman (F&G) has earned approval in principle from classification society DNV.The review and AIP confirms…
An incident that had the potential for fatality occurred earlier this month on the Hibernia Platform offshore Canada when a 711kg elevated feeder machine bridge adapter plate dropped on a deck. Luckily, there were no injuries.'Hibernia Management and Development Company Ltd…
Malaysian offshore services company Sapura Energy has completed the sale of its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies…
Seaway 7 took delivery of a new semisubmersible heavy transport vessel. The company entered into a bareboat contract with United Faith for its new build vessel MV Xin Qun 3, renamed Seaway Swan.Seaway Swan is a 50,000 DWT Heavy Transport Vessel…
In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels…
Danish offshore services company Maersk Supply Service has won its second offshore wind installation contract in the U.S. The company, best known for its offshore support vessels, in March ordered a wind turbine installation vessel, and won…
The U.S. House has this week passed the National Defense Authorization Act (NDAA), in which it attached a provision that would change rules for manning offshore vessels in U.S. waters, with the goal of fostering American jobs in the U.S. offshore wind sector…
Belgian offshore installation firm Deme Offshore and Dutch company Barge Master, which specializes in offshore motion compensation systems, have partnered up to further develop a U.S. Jones Act-compliant feeder solution for the upcoming offshore wind projects in the U…
Malaysian company Sapura Energy has agreed to sell its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies.'The proposed asset disposal exercise is part of the Group’s reset plan…
The American Bureau of Shipping said Monday that the recently ordered wind turbine Installation vessel Sembcorp Marine is building for Maersk Supply Service would be built to ABS Class.Maersk Supply Service's vessel will be capable of handling the latest generation 15MW turbines…
Singapore-based Sembcorp Marine has awarded NOV contracts to supply equipment for the wind turbine installation vessel (WTIV) it is building for Maersk Supply Service. This will be the first WTIV for both Semcorp Marine and Maersk Supply Service…
American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) for a design for a wind turbine installation vessel (WTIV) for China Ocean Shipping Company Limited (COSCO) by Friede and Goldman (F&G).According to ABS, the design is…
U.S.-based Great Lakes Dredge & Dock Company (GLDD) has ordered rock installation equipment from the Dutch company Huisman.The equipment will be installed on the GLDD's newbuild rock installation vessel, which will support the development of offshore wind in the U…
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