This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
News and insight into the offshore marine sector, offshore vessels, rigs, subsea, rig and offshore vessel building, field developments and offshore wind.
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).
France’s Louis Dreyfus Armateurs (LDA) and UK’s Tidal Transit have penned a contract with GE Renewable Energy (GE) for two crew transfer vessels for the Saint-Nazaire offshore wind farm of France.
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.
NYSE-listed Seacor Holdings is being taken over by private equity firm American Industrial Partners (AIP) further reducing the roster listed shipping equities in the US.
Oslo-listed Awilco Drilling is contesting Singapore-based Keppel FELS’ unilateral decision to terminate a contract for the construction of a semi-submersible drilling rig worth about $425m.
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.