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…
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…
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…
Tidal energy developer Orbital Marine Power Ltd has been awarded two Contracts for Difference (CfDs) for 7.2MW in the UK Allocation Round 5 (AR5) process. 'This builds on Orbital’s success in the previous year’s Allocation Round 4, where it secured contracts for 7…
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…
State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK…
The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit…
A recent pilot project has verified the application of autonomous surface and subsea platforms for operations and maintenance (O&M) at the Deutsche Bucht Offshore Wind Farm, located in the German North Sea.The July 2023 project was commissioned…
KENC has started the construction of a flange monopile upending tool [FMUT] for the Dutch offshore installation company Van Oord.'Designed to face the challenges of varying sea conditions, the FMUT boasts unparalleled versatility. Its innovative…
Spain's renewable energy giant Iberdrola has told investors it does not need to book any impairments in its offshore business, a document seen by Reuters on Wednesday showed.The document is designed to reassure investors after Denmark's Orsted…
At Gastech 2023, Samsung Heavy Industries (SHI) offers a separate 216 sq. m. exhibition hall at the Singapore Expo venue showcasing its technological developments in LNG and LCO2 transport vessels, centered around the FLNG (Floating Liquefied Natural Gas Production Facility) models…
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…
Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge…
Balmoral has introduced a number of subsea solutions over the past few years, including Balmoral HexDefence and Balmoral FibreFlex, scour and cable protection systems respectively for the offshore wind sector. The latest product solution to be brought to market is a bend stiffener connector…
While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain an optimistic outlook for the industry in the long term.The business intelligence and consulting firm said in its latest U…
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