Wind goes into battle with oil and gas for offshore vessels
Decline in oil profits had cleared way for offshore wind industry to buy vessels — but new competition looms.
US shipowners, other than Edison Chouest, await big term deals before ordering SOVs
Although there are 40 GW of offshore wind vessel projects in the pipeline, they are not advanced enough to fuel orders for service operation vessels.
There’s still time to order WTIV newbuildings as potential vessel crunch looms
Bottlenecks are possible as projects ramp up starting in 2025, but will shipowners invest in more tonnage?.
Japan’s maritime cluster gathers around wind farm projects
Diverse local partnerships vie for a slice of offshore renewable energy markets.
Meeting offshore wind goals requires longer lucrative contracts, says P&O Maritime
Martin Helweg says low investment has cut the supply of vessels for renewables projects
Ultra-stable wind farm transfer vessel aims to cut fuel use
Foils and outrigger help minimise vessel motion and fuel burn to give a claimed up to 70% increase in stability and cut total emissions by 30%.