Marseille, France, headquartered offshore services giant Bourbon has signed a contract committing more than 100 offshore support vessels to Inmarsat’s Fleet Xpress maritime broadband service. The deal is a breakthrough offshore services
New Orleans headquartered Harvey Gulf International Marine said today that it increased EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) by 33% in the third quarter. The privately-owned company attributed the increase
The world’s largest floating offshore wind turbine, an 8.4-megawatt (MW) an ABS-classed unit, recently departed for its final destination, the WindFloat Atlantic wind farm, 20 kilometers off the Portuguese coast of Viana
Tidewater Inc. (NYSE: TDW) has elected Larry T. Rigdon as Chairman of its Board replacing Dr. Thomas R. Bates, Jr., who recently resigned from the board, as did Steven L. Newman. The
On October 23, 2019, U.S. Customs and Border Protection proposed substantial changes to its interpretations of the Jones Act that will affect both the offshore oil and gas and offshore wind industries.
Apparently tempted by a bargain deal, Sweden’s Viking Supply Ships AB has partnered with funds managed by Borealis Maritime to purchase two under-construction platform supply vessels. In addition to taking partial ownership
Bernhard Schulte Offshore GmbH (BSO) and MidOcean Wind LLC (MOW) have entered into a joint venture to build and operate support vessels for the U.S. offshore wind industry as well as to
EDP Renewables and Aker Solutions have formed a consortium with WindPower Korea that aims to develop a floating wind farm off the coast of Ulsan Metropolitan City in South Korea with an
Saudi Arabia’s International Maritime Industries (IMI) has signed a license agreement with GustoMSC that will enable it to construct and deliver drilling rigs built to a new GustoMSC jack-up design. International Maritime
From mid-2020, the world’s first hybrid powered Surface Effect Ship will be operating as an offshore wind crew transfer vessel (CTV). Chelmsford, U.K., based CWind has reached a long term charter agreement