With some 5,000 offshore wind farms forecast to be developed globally in the coming decades the some markets in Asia - Pacific face a shortage of wind turbine installation vessels (WTIV) warns classification society DNV.

A likely 300-fold increase in global offshore wind capacity between now and 2035 will underpin heavy demand for offshore support vessels of various types.

Houston-based Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago, Chile.

A lack of interest in the first-ever offshore wind auction of acreage in the Gulf of Mexico is seen as a major setback for a sector seen by the Biden Administration as a smart route to more sustainable energy.

MISC and Samsung Heavy Industries (SHI) have received Approval in Principle (AiP) from DNV for a jointly developed concept for a Floating CO2 Storage Unit (FCSU).

In the States, both government and the industry continue to move ahead in their offshore wind efforts, albeit not without a few setbacks emerging.

A cargo airline has become must have for top container lines, but tanker and offshore wind vessel owner Scorpio Holding is building a significant stake in a low cost carrier

Maersk Supply Service is to make around 130 redundant as it restructures its business to focus on offshore wind and offshore support vessels (OSVs).

Port and offshore services provider GAC is growing in East Malaysia with a new office in Kota Kinabalu, plans further expansion in the Southeast Asian nation.

Morgan Stanley and Crowley have formed a joint venture to develop port infrastructure to support the offshore wind energy industry in the US.