Offshore

Just as major oil producers pump millions of extra barrels of oil on to world markets, Oslo-based Rystad Energy has released updated estimates for global fuel demand as a result of the impact of coronavirus (COVID-19) on world energy markets.

CSSC Offshore & Marine Engineering entered into equity transfer agreement with CSSC Holdings and CSSC Chengxi for internal consolidation of its offshore wind turbine and ship repair business.

Martin Helweg has been appointed as ceo of P&O Maritime Logistics as Rene Kofod-Olsen stands down.

Dutch heavy-lift specialist Jumbo Shipping has been awarded a contract by DEME Offshore to provide transportation services for Ørsted’s Hornsea Two offshore wind farm.

PACC Offshore Services Holdings (POSH) has clinched contracts from Petronas for the deployment of four offshore support vessels to support the project of Petronas Floating Liquefied Natural Gas 2 (PFLNG Dua).

UAE-based shipyard Lamprell is teaming up with Akselos for digital twin solutions.

The 100-year old US cabotage law the Jones Act may not be the most popular piece of legislation with some but domestic OSV owners are believe it offers great opportunities.