Global Installation Vessel Fleet Could Enable Up to 400 GW of Offshore Wind by 2030, but More Newbuilds Needed Outside China – Study

Jan. 22 (offshoreWIND.biz) The global fleet of offshore wind installation vessels could support achieving up to 400 GW of offshore wind capacity by 2030, provided that additional vessels are ordered and deployed, alongside supportive market conditions, according to a scenario study by the Kuehne Climate Center. The study also shows that, looking globally, newbuild investments... Continue Reading →

Maersk and Seatrium Settle Offshore Wind Dispute

Dec. 22 (offshoreWIND.biz) Singapore-based Seatrium Limited and Phoenix II A/S, an affiliate of Maersk Offshore Wind, have settled their dispute over a Wind Turbine Installation Vessel (WTIV) ordered at Seatrium by Maersk, with Maersk agreeing to accept the delivery of the vessel next year. Back in early October, Maersk terminated the USD 475 million (approximately... Continue Reading →

Seatrium fights back after Maersk Offshore Wind axes near-complete WTIV

Dec. 1 (splash247.com) Seatrium has escalated its dispute with Maersk Offshore Wind’s affiliate Phoenix II, launching arbitration over the abrupt cancellation of a near-complete wind turbine installation vessel (WTIV) originally contracted at $475m. The Singapore yard filed its notice of arbitration on 28 November under London Maritime Arbitrators Association terms, seeking a ruling that Phoenix... Continue Reading →

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