WTIV

Seadronix Wins Commercial Contract to Install its AI Solution on Wind Turbine Installation Vessel in World First

Retrieved on: 
Wednesday, September 13, 2023

SEOUL, South Korea, Sept. 13, 2023 /PRNewswire/ -- Seadronix, a company specializing in artificial intelligence (AI) solutions for the maritime industry, competed successfully with major maritime conglomerates and won a tender to install its state-of-the-art AI situational awareness solution on a wind turbine installation vessel (WTIV). This will be the first installation of such a system on this type of vessel in the world.

Key Points: 
  • This will be the first installation of such a system on this type of vessel in the world.
  • Wind turbine installation vessels require a very close approach to offshore structures which makes their operation challenging.
  • Seadronix's CEO, Byeolteo Park, said: "Seadronix is proud to have won the contract to supply our AI solution to a wind turbine installation vessel on the same day we were chosen to the Forbes Asia 100 to Watch list.
  • Seadronix is expected to pioneer the market for AI-enabled smart solutions in the maritime industry, expanding the business to special purpose vessels including wind turbine installation vessels.

NOV Reports First Quarter 2023 Earnings

Retrieved on: 
Wednesday, April 26, 2023

NOV Inc. (NYSE: NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022.

Key Points: 
  • NOV Inc. (NYSE: NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022.
  • Completion & Production Solutions generated revenues of $718 million in the first quarter of 2023, a decrease of three percent from the fourth quarter of 2022 and an increase of 35 percent from the first quarter of 2022.
  • Rig Technologies generated revenues of $550 million in the first quarter of 2023, a decrease of 11 percent from the fourth quarter of 2022 and an increase of 25 percent from the first quarter of 2022.
  • NOV will hold a conference call to discuss its first quarter 2023 results on April 27, 2023 at 10:00 AM Central Time (11:00 AM Eastern Time).

Havfram Wind doubles fleet with order of second Wind Turbine Installation Vessel

Retrieved on: 
Tuesday, April 18, 2023

OSLO, Norway , April 18, 2023 /PRNewswire/ -- Havfram Wind has ordered a second state-of-the-art Wind Turbine Installation Vessel (WTIV).

Key Points: 
  • OSLO, Norway , April 18, 2023 /PRNewswire/ -- Havfram Wind has ordered a second state-of-the-art Wind Turbine Installation Vessel (WTIV).
  • Martin Degen, Commercial Director and Vice President of Havfram Wind stated: "Globally, we experience a steadily growing demand for offshore wind capacity.
  • At the same time, developments within wind turbine technology cause larger wind turbine components and require therefore larger Wind Turbine Installation vessels.
  • "We are pleased to firm our existing agreement with this second vessel for Havfram Wind and are proud to be a partner for the development of Havfram`s offshore wind business.

Vattenfall and Havfram Wind sign Preferred Supplier Agreement (PSA) for Norfolk projects

Retrieved on: 
Wednesday, March 29, 2023

OSLO, Norway, March 29, 2023 /PRNewswire/ -- Vattenfall has appointed Havfram Wind as preferred supplier for the installation of wind turbines for Vattenfall's Norfolk projects in the United Kingdom.

Key Points: 
  • OSLO, Norway, March 29, 2023 /PRNewswire/ -- Vattenfall has appointed Havfram Wind as preferred supplier for the installation of wind turbines for Vattenfall's Norfolk projects in the United Kingdom.
  • The agreement covers transport and installation works over a period of 3 years, utilizing one of Havfram Wind`s newbuild NG20000X Jack-Up Wind Turbine Installation Vessels (WTIV) with a 3,200-ton crane.
  • Even Larsen, CEO of Havfram Wind, underlined the important position of Vattenfall in the market and their ambitious offshore wind targets for Europe: "Our collaboration with Vattenfall is of great importance for us as an ambitious and fast-growing offshore wind construction company.
  • Martin Degen, Commercial Director and Vice President of Havfram Wind spoke of the relationship between Vattenfall and Havfram Wind as follows: "We are extremely proud to be trusted by Vattenfall for such prestigious projects.

CM Energy Revenue Doubled with Nearly Half from Renewable Business

Retrieved on: 
Monday, March 27, 2023

The revenue growth is mainly contributed by its renewable business sector, accounting for 43% of the total revenue.

Key Points: 
  • The revenue growth is mainly contributed by its renewable business sector, accounting for 43% of the total revenue.
  • "CM Energy's vision is to become a leading green energy technology company in the world.
  • CM Energy (Previously "CMIC Ocean En-tech") is a leading energy technology company, serving the global energy industry for over 20 years.
  • CM Energy has engineering, manufacturing and support centers strategically located in China, Singapore, USA, Mexico, Brazil, UK and the Netherlands.

Havfram Wind to install turbines at Ørsted`s Hornsea 3 offshore wind farm

Retrieved on: 
Tuesday, March 21, 2023

OSLO, Norway, March 21, 2023 /PRNewswire/ -- Ørsted, global offshore wind leader, has appointed Havfram Wind to install turbines at its Hornsea 3 offshore windfarm, starting autumn 2026.

Key Points: 
  • OSLO, Norway, March 21, 2023 /PRNewswire/ -- Ørsted, global offshore wind leader, has appointed Havfram Wind to install turbines at its Hornsea 3 offshore windfarm, starting autumn 2026.
  • Havfram Wind will be utilizing one of its newly built NG20000X Jack-Up Wind Turbine Installation vessels (WTIV) with a 3.250-ton crane.
  • Hornsea 3 will consist of up to 231 offshore wind turbines, located within a 696 square kilometer area, approximately 120 km off the Norfolk coast and 160 km off the Yorkshire coast.
  • "The different construction phases of the Hornsea offshore wind development zone all represent record-breaking wind projects.

New Report: U.S. State Demand for Offshore Wind Nearly Doubled in 2022, Despite Economic Headwinds

Retrieved on: 
Tuesday, February 21, 2023

Long-term state offshore wind targets increased an astounding 79 percent last year, as California laid down a powerful industry marker by calling for 25 GW of offshore wind generation, and Louisiana, New Jersey, and Rhode Island announced new state goals.

Key Points: 
  • Long-term state offshore wind targets increased an astounding 79 percent last year, as California laid down a powerful industry marker by calling for 25 GW of offshore wind generation, and Louisiana, New Jersey, and Rhode Island announced new state goals.
  • The U.S. offshore wind market saw $9.8 billion in new investments in 2022, more than triple the year prior.
  • The Business Network for Offshore Wind is the largest non-profit organization dedicated solely to building a robust offshore wind supply chain and expanding adoption of offshore wind energy.
  • It advances the industry through collaboration, education, and innovation, including the International Offshore Wind Partnering Forum (IPF), the leading offshore wind conference in North America, and the OSW Market Dashboard.

Eneti Signs Initial Installation Contract For Newbuild WTIV

Retrieved on: 
Monday, December 19, 2022

The contract will be performed by the Company’s first of two NG16000X Wind Turbine Installation Vessels currently under construction at Daewoo Shipbuilding and Marine Engineering in Korea.

Key Points: 
  • The contract will be performed by the Company’s first of two NG16000X Wind Turbine Installation Vessels currently under construction at Daewoo Shipbuilding and Marine Engineering in Korea.
  • Emanuele Lauro, CEO of Eneti, says, “Securing this charter for our first newbuilding WTIV is an important milestone for the Company.
  • It represents a proof of concept for our newbuildings and reflects the improving fundamentals of the installation market and the expanding capability of our fleet.
  • With open vessel capacity, we are well positioned to contract the fleet in a tightening market and a rising rate environment.”

Havfram Announces That Sandbrook Capital Has Acquired a Majority Stake in the Wind Company and Has Committed $250 Million to Fund Its Future Growth

Retrieved on: 
Monday, November 7, 2022

As part of the transaction, Sandbrook has committed USD 250 million (NOK 2.65 billion) of equity capital to Havfram.

Key Points: 
  • As part of the transaction, Sandbrook has committed USD 250 million (NOK 2.65 billion) of equity capital to Havfram.
  • Havfram Wind, the company's offshore wind construction division, is led by CEO Even Larsen, who previously built Fred Olsen Wind Carrier into a leader in the offshore wind installation industry.
  • Sandbrook's principals are among the most experienced investors in global renewable energy, and in offshore wind installation in particular.
  • Havfram is a pureplay offshore wind infrastructure company focused on providing transport, installation and development services for the offshore wind sector.

Eneti Inc. to Announce Third Quarter 2022 Results and Have a Conference Call on November 8, 2022

Retrieved on: 
Tuesday, November 1, 2022

MONACO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce third quarter 2022 financial results in a press release that will be issued before the market opens on Tuesday, November 8, 2022.

Key Points: 
  • MONACO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce third quarter 2022 financial results in a press release that will be issued before the market opens on Tuesday, November 8, 2022.
  • A conference call to discuss the Companys results will be held at 9:00 AM Eastern Standard Time / 3:00 PM Central European Time on November 8, 2022.
  • The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information.
  • There will also be a simultaneous live webcast over the internet, through the Eneti Inc. website www.eneti-inc.com .