Twice as many wind turbines will need to be installed over the next many years, and this requires significantly more offshore wind service vessels to handle the installations, writes Clarksons Platou in a new analysis.
Despite signs of increased interest from customers, the drilling market remains under severe pressure, and many rigs are now set to be recycled to create a better balance, estimates Maersk Drilling CEO. It will also impact the company's own fleet.
Seadrill's coffers have shrunk USD 160 million from the second to the third quarter, show new figures from the company. Meanwhile, Seadrill says that it has yet to settle its rescue plan but that it remains in talks with its creditors.
The EU Commission has presented its strategy for how offshore energy and especially wind can be boosted massively in the coming years, where the projects could be placed and how partnerships and financing can be realized. Find the complete strategy here.
The selling price of four platform supply vessels from France's Bourbon was so low that it creates major uncertainty in the industry as to whether it is even possible to make money from divesting the ships.
Strained Dof, which is trying to settle a rescue plan with its lenders, once again had to impair the value of its fleet in the third quarter. The offshore company has now booked impairments totaling close to USD 329 million in 2020.
Wind service operator Cadeler, known as Swire Blue Ocean until recently, adds three prominent people to its board of directors. These include former EU Commissioner Connie Hedegaard and former J. Lauritzen Chairman Jesper Lok.
Prospects in the offshore market have only grown bleaker during 2020, says one of the world's top lenders to the maritime market, DNB. Lack of investments in new oil fields has become a new factor, says the bank in an interview with ShippingWatch.