Cadeler has ordered wind service vessels for EUR 1.2 bn in the midst of inflation crisis

In the US, the cost of a new wind vessel has skyrocketed to USD 625m, but Cadeler is confident in steering clear of inflation and higher interest rates in ship orders, says chief exec.

by DAG HOLMSTAD

Over the past two years, Cadeler has placed a total order for the construction of four new wind turbines for a total of EUR 1.2bn (USD 1.3bn) at the Chinese shipyard Cosco Shipping Heavy Industry.

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Cadeler has ordered wind service vessels for EUR 1.2 bn in the midst of inflation crisis

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Cadeler gaining ground while other offshore wind players struggle

Cadeler boosts full-year guidance

Cadeler downgrades 2022 guidance

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Eneti lands multi-million dollar contract for new wind vessel

Cadeler boosts full-year guidance

Another US offshore wind project buys out of supply agreement

Ingerslev believes in offshore wind despite pressure on customers

Dubai challenges Singapore as shipping's favorite city

BW LPG predicts a wave of high freight rates to wash in by 2024

Jobs