New York-listed Seacor Marine has penned a deal to sell its crew transfer vessel (CTV) business with a fleet of 46 CTVs to Belgium’s Compagnie Maritime Belge (CMB).

China State Shipbuilding Corporation (CSSC) has signed a RMB15bn ($2.3bn) offshore wind power project with Xingcheng municipal government in Liaoning province.

The renewables sector is set to be the big opportunity for offshore marine, but vessel owners will need to adapt to a new business model, according to a panel discussing energy transition at Seatrade Maritime Middle East Virtual.

Japan’s Mitsui OSK Lines (MOL) has joined a corporate-academic partnership to develop zero-emission vessels to be powered by hydrogen fuel and wind.

Japan’s NYK Line has inked a memorandum of understanding (MOU) with the subsidiaries of Netherlands’ Fugro to develop offshore wind power projects off Japan.

Singapore’s PSA Marine has secured a EUR30m ($35.5m) sustainability-linked loan from compatriot DBS Bank that would allow the company to further expand its offshore wind business in Europe.

The “pivot” of vessel owner Scorpio Bulkers from kamsarmaxes and ultramaxes to wind turbine installation vessels (WTIVs) is likely to be a sharper and more ferocious turn than market observers were anticipating previously.

Scorpio Bulkers is continuing to sell off kamsarmax bulkers as it looks to refocus on the renewable energy sector.

Ørsted and Edison Chouest have teamed up to build an offshore wind Service Operation Vessel (SOV) in move that is set to transform the nascent sector in the US.

Norway’s Wilhelmsen has penned an agreement to acquire 25% of compatriot Ostensjo Group’s offshore wind company as part of Wilhelmsen’s strategic venture into the renewable energy market.