Ziton wins multi-year deal with German utility
The Danish wind carrier will assist the German utility in standardizing its approach to component exchanges for offshore wind farms.
Clarksons banks on offshore wind with new US office
For subscribers
Creditors in crisis-stricken Dof request bankruptcy proceedings
For subscribers
Dof board wants shareholders to rapidly approve rescue plan
For subscribers
Total Energies prosecuted for potential 'greenwashing'
Three NGOs have filed complaints over Total Energies, now a formal investigation target for French prosecution authorities.Dof presents new rescue plan: "We need a solution now"
The offshore operator’s new board has put forth another proposal for a restructuring plan, highlighting that it’s the final call for shareholders to secure the company’s future.For subscribers
Borr Drilling raises USD 400m to pay off debt
The drilling company has secured a new bond loan of USD 150m, which in combination with another recent credit facility will be used for resolving an existing loan due late May.For subscribers
Maersk Supply Service bags major offshore wind deal in Brazil
Maersk Supply Service inks major Brazilian contract from Petrobras tasking the offshore carrier’s vessel with towing and mooring a floating FPSO production facility to the Búzios oil field within the Santos Basin.For subscribers
Former Maersk Drilling executive joins Seadrill's board
Seadrill receives a new board member with CFO experience from Maersk Drilling.For subscribers
Eneti bags contracts for several of its installation vessels
Offshore operator Eneti, commanding a fleet of wind installation vessels, bags contract and extensions on a string of British-flagged ships.For subscribers
Drilling firm raises guidance for both 2022 and 2023
Offshore industry heydays are reflected in Borr Drilling’s financial expectations for 2022 and 2023. This year, the company guides for a doubling of last year’s operating result.For subscribers
Challenges mount for carriers in offshore wind market
The green energy transition struggles to keep up with abundant political ambitions, now put to a standstill by fear of economic recession. Difficulties face offshore carriers when investing in offshore wind.For subscribers
Rebel shareholder withdraws from Dof weeks after ousting entire board
Bjarte Brønmo, a leading figure among the group of discontent stakeholders at Dof, leaves the carrier’s board after less than six weeks.For subscribers
Energy crisis prompts strategy changes: German bank commits to offshore financing
Germany’s urgent need for new energy suppliers prompts Hamburg Commercial Bank to return to fossil investments after having rid its portfolio of oil and gas loan deals.For subscribers
Semco to upgrade crane capacity on two Cadeler jack-ups
Danish contractor Semco Maritime is awarded new contract for modifications on two crane ships for offshore carrier Cadeler.For subscribers
Noble downgrades 2022 guidance after recent contract annulment
Offshore drilling contractor Noble, recently merged with Maersk Drilling, downgrades 2022 expectations after annulled order.Esvagt wants to bag more lucrative deals in US offshore
Offshore carrier Esvagt has broken ground on US offshore wind markets. Now the carrier is hungry for more.For subscribers
Analyst firm: Sanctions have limited effect on Russian oil exports
Asian countries stock up on Russian crude keeping exports flowing in spite of western sanctions, thereby squeezing their intended effect, Rystad estimates.For subscribers
European ports launch offshore wind collaboration
Last year marked the beginning of a new European collaboration, which has now prompted six wind ports to sign a deal on realizing offshore wind ambitions.For subscribers
First floating LNG terminal in Finland set for operation
The Nordic country’s first LNG terminal is up and running and ready for commercial operation.For subscribers
New ranking: Glencore lost terrain in Singapore after bad bunker case
Swiss Glencore drops in a new ranking over the largest bunker suppliers in Port of Singapore. The trading company had its license suspended for two months during last year.For subscribers
Former partner sticks to million-dollar claim against World Marine Offshore
A former partner plans to pursue million-dollar claim against World Marine Offshore and several profiles in spite of carrier’s bankruptcy.For subscribers
Thousands of wind turbines headed offshore – but challenges loom
Booming demand for offshore wind farms has posed real headwind to the industry. The market needs to expand rapidly amid economic insecurities including an inflationary environment sending prices soaring.For subscribers
Analyst: Price cap on Russian oil works as intended
Due to low prices on Russian crude, the country is not left with much revenue to fund the war in Ukraine. The West has thus succeeded with a risky maneuver, says one analyst.For subscribers
Latest news
- Freight rates out of China continue to plummet –
- Ziton wins multi-year deal with German utility –
- Euronav CEO defends decision to retain large dividend –
- DSV denies savings plan but is attentive to costs –
- DP World to construct large port terminal in India –
- Maersk's chief of fleet leaves after 25 years as reshuffling continues –
- Clarksons banks on offshore wind with new US office –
- Opinion: Maersk and MSC heading for direct confrontation over customers –
- Bulgaria to keep up export flows of Russian fuels to Ukraine –
- New Russia sanctions could eventually leave Europe in drastic need of diesel –
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