Shipbuilding News


The $1 Billion Offshore Wind Prize for US Shipyards

Nov 27, 2023

The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance.…

BMT and Strategic Marine Partner on Crew Vessel Sustainability

Nov 22, 2023

U.K. headquartered naval architecture and marine engineering firm BMT is teaming up with Singapore-based shipbuilder Strategic Marine to drive the offshore wind crew vessel industry toward a more sustainable future.Under a new Long-Term Agreement (LTA)…

Shipbuilder Diverse Marine Launches Client Finance and Lease Program

Nov 21, 2023

U.K. shipbuilder Diverse Marine has introduced its own finance and lease program designed initially for the financed construction of offshore wind crew transfer vessels (CTV).Funding for offshore wind CTVs has been challenging, and the company…

Accelerating US CTV Market Development with Hybrid Solutions

Nov 21, 2023

As the world looks to renewable energy sources to combat climate change and reduce reliance on fossil fuels, offshore wind has emerged as a promising frontier in the United States. A report by the University of California Berkeley released in…

Havfram Secures Loan for Offshore Wind Vessel Construction

Nov 21, 2023

Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ('WTIVs'), currently under construction at CIMC Raffles in China.  The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator…

Vard Vung Tau Delivers SOV for Dogger Bank Operations

Nov 17, 2023

Vard, a Norwegian firm specializing in shipbuilding and design, said Friday its subsidiary in Vietnam, Vard Vung Tau, had delivered a newbuild 944 Grampian Tees service operation vessel to owner North Star.This SOV is the third of four purpose…

VARD and Windward Select Brunvoll Propulsion for New Series of CSOVs

Nov 16, 2023

Brunvoll has received an order for the delivery of propulsion and manoeuvring packages for Windward Offshore's new Commissioning Service Operation Vessels (CSOVs). The order is for two vessels, with two additional vessels as an option.Windward’s…

MODEC Hits Milestone: First Steel Cut in China for Guyana-Bound FPSO Errea Wittu

Nov 16, 2023

Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil…

Cadeler Secures Loan to Fund Offshore Wind Vessel Construction & Upgrades

Nov 15, 2023

Danish offshore wind installation services company Cadeler said Monday it had entered into an unsecured green loan facility with HSBC. The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class…

Eqva to Sell Havyard Leirvik Yard in Norway to Turkish Buyer

Nov 13, 2023

Eqva, an owner of industrial service companies, said Monday it would divest Havyard Leirvik Yard in Norway to a Turkish buyer.“The sale of Havyard Leirvik will free up important resources, both human and financial, enabling a concentrated focus…

Senesco Launches New CTV for WindServe Marine

Nov 09, 2023

Senesco Marine on Wednesday launched a new Jones-Act-compliant crew transfer vessel (CTV), WindServe Journey.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV to serve the U…

ABS Approves New FPSO Newbuild Hull Design Concept

Nov 08, 2023

Classification society ABS announced it has granted approval in principle (AIP) for a the Sterling Streamline, a next generation concept design for large floating production storage and offloading unit (FPSO) newbuild hulls from India's Shapoorji Pallonji Energy (SPE)…

ABS Launches Offshore Structural Health Monitoring Notation

Nov 06, 2023

ABS and Singapore-based shipyard Seatrium Limited have achieved the assignment of a structural health monitoring notation for a self-elevating drilling unit (SEDU).ADMARINE 686 is the world’s first SEDU to receive the ABS SMART (SHM) Notation…

First Steel Cut for Bernhard Schulte Offshore's New CSOV

Nov 01, 2023

The steel-cutting ceremony was held Tuesday for the first of two TWIN X-STERN CSOV vessels for Bernhard Schulte Offshore in CRIST, Poland.The vessel's hull will take shape in Gdynia before being transported to Ulstein Verft for further outfitting…

Offshore Wind: Newly Formed Consortium Orders Two CSOVs from VARD

Oct 23, 2023

The Windward Offshore consortium said Monday it had ordered two state-of-the-art Commissioning Service Operation Vessels (CSOV) from VARD to 'establish a sturdy basis for its maritime asset services focusing on bolstering the burgeoning offshore wind industry…

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