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…
Offshore wind in the United States is moving forward at pace, thanks in large part to a number of positive developments for the newly emerging industry over the last year or so. For one, the Biden administration at the start of 2021 revealed…
Empire Offshore Wind, a joint venture between Equinor and bp, awarded a contract to Maersk Supply Service for charter of its newbuild wind installation vessel (WIV). This vessel, together with US constructed barges and tugs built and operated by Kirby Offshore Wind…
American Bureau of Shipping (ABS) has granted its Approval in Principle (AIP) to a coordinated design for a wind turbine installation vessel (WTIV) in conjunction with the BargeRack feeder barge system by Friede and Goldman (F&G).The design…
There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…
Dutch company Barge Master earlier this year said it had developed a motion-compensated feeder solution for the next generation of offshore wind turbines, called BM-Feeder.The company at the time said that its motion-compensated platform could…
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