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.

In a recent editorial headed ‘The slow death of Big Oil has now begun’, the Financial Times described how BP’s chief executive, Bernard Looney, wants the company to cut production of oil and gas by 40% over the next decade.

Scorpio Bulkers has sold a kamsarmax bulker for $18m as it looks to transition it business to offshore wind.

Qatar’s Milaha has penned a memorandum of understanding with US oilfield services firm Schlumberger Limited to order oil well stimulation vessels for work in Qatar.

Portonave is acquiring 25 new terminal tractors – reinforced trucks exclusively for handling containers inside the port – and two lithium battery-powered forklifts, through an investment of $3m.

DP World has signed a deal with Kalmar, part of Cargotec, for 12 Ottawa T2 terminal tractors and two empty container handlers to be deployed at the DP World Caucedo terminal in the Dominican Republic.

Mermaid Maritime will enter into a joint venture with Meitech Offshore Engineering (MOE) to boost their capabilities in offshore transport, installation and decommissioning in Thailand.

2020 has seen a more active “hurricane season” than any year in recent memory and this is having an impact on oil production and offshore in the US Gulf.

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.

In a surprising turn of events, President Donald Trump signed a Presidential order extending an existing oil drilling ban off the Florida Gulf coast, out 10 years, to 2032.