The board of directors of cash-strapped UAE-shipyard owner Lamprell have recommended a takeover offer that values the company at just £38.8m ($46.4m).

Bestway Marine & Energy Technology has inked a newbuild contract for a 1,200 tonne self-jackup wind power installation platform construction contract with a domestic Chinese owner.

Maersk Supply Service (MSS) has won a second contract from Equinor and bp for its Wind Installation Vessel (WIV), on order at Sembcorp Marine, to install wind turbines at the Beacon Wind farm off the US east coast.

The Board of cash-strapped Middle East shipyard Lamprell said it would likely recommend acceptance a takeover offer by its largest shareholders provided the terms are the same as “possible offer” that has been put forward.

Stockholm-based Hexicon AB has clinched 15 years of revenue support from the UK Government, based on a Contract for Difference (CfD) structure, for its TwinHub floating wind project in the UK’s Celtic Sea.

Boskalis recently opened a new office to support the rapidly developing US offshore wind market along the east coast.

As the price of gasoline has surged to $5.00/gallon, energy matters have become front page stories in all corners of the US media landscape.

Florida-based Crowley Maritime and Denmark’s Esvagt have signed joint venture agreements to support purpose-built Jones Act vessel development and availability for US offshore wind production.

UAE-based fabrication and engineering specialist, London Stock Exchange-listed Lamprell plc is considering selling up at a steep discount to an existing minority shareholder after announcing severe liquidity problems.

Norwegian energy company Equinor has joined the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping as a long-term strategic partner.