Search results for: Bankruptcy

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  • 8 March 2013
    Business & Finance

    SIAG Schaaf Industries CEO Andrew Seidl said that the company has been saved from bankruptcy, writes German Täglicher Hafenbericht. The company announced bankruptcy last year in October. At the creditors’ meeting, which was held on Wednesday, a reorganization plan was approved. This decision has terminated the insolvency proceedings and saved around 1,800 employees. [mappress] Offshore […]

  • 28 May 2014
    Business & Finance

    The Official Receiver of Econcern, the Dutch based international renewable energy developer, is holding the former directors and supervisors liable for hundreds of millions Euros of damage caused by the green energy company’s bankruptcy. The company filed for bankruptcy in 2009. According to the Official Receiver, the directors and supervisors were not fulfilling their duties […]

  • 1 June 2015
    Business & Finance

    Nordseewerke from Emden, Germany, has filed for bankruptcy due to the upcoming imminent insolvency, CEO Thierry Putters told German media. This affects 188 employees, of whom 80 percent have been working short-time since September 2014. The shipyard was founded in 1903 and was taken over by the steel company Siag Stahl in 2010. Following the bankruptcy of […]

  • 18 February 2019
    Business & Finance

    German manufacturer of wind turbine towers and foundations Ambau has filed for bankruptcy at the Cuxhaven district court. The main reason for the bankruptcy filing is reportedly insolvency due to the lack of orders. Ambau currently employs around 350 people at two locations in Cuxhaven and Gräfenhainichen. The Cuxhaven district court has appointed provisional bankruptcy […]

  • 15 October 2013
    Business & Finance

    WinWinD has submitted a voluntary petition on bankruptcy to the District Court on October 3, 2013. The District Court has allowed the petition and appointed Attorney Pauliina Tenhunen as the Administrator to take care of the further process. WinWinD has been incurring heavy losses for the past several years and the company’s debts are currently […]

  • 2 March 2015

    Video: Construction of DanTysk Offshore Wind Farm Vattenfall has recently published a video showing the construction of its DanTysk offshore wind farm, situated west of the island of Sylt and directly on the German-Danish border in the North Sea. Weserwind Files for Bankruptcy German steel construction company, Weserwind, filed for bankruptcy yesterday, that will affect 370 […]

  • 8 April 2013

    The project company Global Tech I Offshore Wind GmbH has awarded a contract for the production of ten tripod foundations to Iemants NV and Eiffage Construction Métallique consortium following the European tender. The new contract was necessary after the SIAG Nordseewerke GmbH filed for bankruptcy in October 2012, and therefore, could not complete an order […]

  • 21 January 2018

    Ørsted Continues Offshore Wind Support in Taiwan Ørsted has signed four Memorandums of Understanding (MoU) in Taiwan in order to continue exchanging knowledge on offshore wind and developing the industry. MHI Vestas Plots Offshore Wind Expansion with New Top Team Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems have appointed Philippe Kavafyan to Chief Executive […]

  • 22 January 2018
    Business & Finance, R&D, Technology

    Following reports in Norwegian media about wind energy technology developer Seawind filing for bankruptcy, Offshore WIND spoke with the company’s director for the Netherlands, Kees van de Kerk, who pointed out that only the company in Norway is affected by this and that Seawind is now working on resolving the situation to enable moving forward with the demonstration project. 

  • 30 January 2015
    Business & Finance

    German steel construction company, Weserwind, filed for bankruptcy yesterday, that will affect 370 employees. According to Nordsee-Zeitung , Weserwind parent company, Georgsmarienhütte, stoped payments for high loss making subsidiary which led to this outcome. It is “no longer economically feasible and justifiable to support WeserWind with additional capital,” the company said. In addition, Bremerhaven-based company is […]

  • 7 June 2015

    Nordseewerke Files for Bankruptcy Nordseewerke from Emden, Germany, has filed for bankruptcy due to the upcoming imminent insolvency, CEO Thierry Putters told German media. USA: Icebreaker OW Project to Use Mono Bucket Foundations The Lake Erie Energy Development Corporation (LEEDCo) announced today that the Icebreaker offshore wind project, planned for the Ohio waters of Lake […]

  • 15 February 2015

    Video: Construction of DanTysk Offshore Wind Farm Vattenfall has recently published a video showing the construction of its DanTysk offshore wind farm, situated west of the island of Sylt and directly on the German-Danish border in the North Sea. Bilfinger’s Offshore Wind and Marine Units Up for Sale German engineering company, Bilfinger, is selling its […]

  • 6 February 2015
    Business & Finance

    Subsea services company Reef Subsea has announced bankruptcy, Norwegian media writes. Because of this, several hundred employees will lose their jobs. Stavanger-based Hitecvision is a full owner of Reef Subsea, in which it invested around NOK 400 million (approximately EUR 47 million) by the end of 2013 and another NOK 100 million (EUR 12 million) last year. Reef Subsea is […]

  • 1 July 2015

    Turbine Blade Breaks at Nordsee Ost Just over a month after it was inaugurated, German 295MW Nordsee Ost wind farm encountered a problem. Siemens Nets Massive Offshore Wind Turbine Deal ScottishPower Renewables has selected Siemens as its preferred turbine supplier for the East Anglia ONE offshore wind farm. USA: Icebreaker OW Project to Use Mono […]

  • 1 February 2018

    Taiwan to Sign 5.5GW of Contracts with Offshore Wind Developers by July Nine developers looking to build offshore wind farms in Taiwan have qualified for offshore environmental permits. These developers, offering 10.5GW of offshore wind capacity in total, will now compete for 5.5GW of offshore wind contracts, 3.5GW to be selected for the feed-in-tariff (FIT) […]

  • 1 February 2013
    Business & Finance, Grid Connection

    The Bremen Prosecutor’s Office announced that it has filed charges against former Beluga CEO Niels Stolberg for alleged credit fraud in 16 cases, the FinanzNachrichten reports. The Beluga Shipping’s founder is accused of lying to banks that were issuing loans for financing newbuildings during 2006-2010 period. Several Beluga companies had gone into bankruptcy in 2011. […]

  • 17 April 2018
    Ports & Logistics, Vessels

    DEME Group’s advanced cable lay vessel Living Stone has arrived from Santurtzi in Spain to Vlissingen, the Netherlands, where the vessel will undergo final outfittings before completion, DEME’s spokesperson told Offshore WIND.

  • 4 March 2019

    We are bringing you a list of ten of our most read articles for the month of February. 15 Injured After CTV Collides with Cargo Ship Off Rügen All 15 people aboard the crew transfer vessel (CTV) World Bora were injured after the CTV collided with a cargo ship several nautical miles northeast of the […]

  • 28 June 2018

    DEME Group’s cable laying and multipurpose vessel Living Stone has completed sea trials and will soon head to its first cable laying assignment at Hornsea Project One in the UK.

  • 14 November 2019
    Wind Farm Update

    13 of the 32 Senvion 6.2M152 wind turbines have been installed on the 200MW Trianel Windpark Borkum II (TWBII) offshore wind farm in the German North Sea, Trianel GmbH said. Eleven out of the thirteen turbines installed have been commissioned, according to Trianel. The wind turbines are being loaded by Jan De Nul’s jack-up Taillevent at Buss […]

  • 16 February 2018

    DEME Group’s advanced cable lay vessel Living Stone caught fire while under construction in a shipyard in Santurtzi, Spain.

  • 17 January 2018
    Authorities, Business & Finance, Contracts & Tenders

    Polish offshore wind foundations manufacturer ST3 Offshore has withdrawn the bankruptcy petition after receiving positive feedback from a District Court on its application to open restructuring proceedings.

  • 11 April 2013
    Business & Finance

    Nordseewerke GmbH, one of German leading manufacturers of wind turbine foundations, has been bought by DSD Steel Group GmbH after filing for bankruptcy last year, due to a slowdown in Chancellor Angela Merkel’s energy shift plan. After Chancellor’s announcement that Germany would begin a massive project to install 25,000 MW of offshore wind power by […]

  • 25 September 2017
    Authorities, Business & Finance, Vessels

    Belgium’s DEME Group has attempted to take possession of the advanced cable layer Living Stone, currently under construction at the financially troubled LaNaval shipyard in Bilbao, Spain, and tow the vessel to another location where the delayed construction could be completed.

  • 30 April 2012
    Business & Finance

    As pointed out by Paul Thomson, managing director of SLP Engineering, the offshore engineering company is resuming business as usual, despite the fact that its parent company, the Smulders Group, is undergoing some tough financial times, EDP 24 informed. Due to considerable financial setbacks resulting from two North Sea wind-energy projects, the Smulders Group is […]

  • 29 March 2013

    The foundation of a large converter platform has been pulled out of the dock hall at the Wismar shipyard. Prior to this, the shipbuilding hall was completely flooded, news site informs. The next step is shipping the foundation of the “HelWin alpha” platform to the North Sea. It will be anchored to the seabed, […]