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Fred. Olsen Ocean has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million. UWL is a Hamburg-based company offering transport solutions for offshore wind turbine components from manufacturing sites to pre-assembly ports. The company has a […]
Fred. Olsen Ocean has reported NOK 145 million operating revenue in the first quarter of 2018, a 60.2% slide compared to NOK 364 operating revenue in Q1 2017, attributed mainly to the underutilisation of the jack-up installation vessels Brave Tern and Bold Tern.
All Fred. Olsen Ocean companies including Fred. Olsen Windcarrier A/S, the crew transfer vessel (CTV) business unit, and Universal Foundation A/S have now achieved ISO 9001, ISO 14001 and OHSAS 18001 certification.
Fred. Olsen Ocean, part of Norway's Bonheur Group, recorded NOK 264 million in revenues in the fourth quarter of 2016, a 20.5% rise compared to NOK 219 million in revenues recorded in the same period a year earlier.
Fred. Olsen Ocean AS and Teekay Offshore Partners have entered into an agreement to develop a new vessel design for the offshore wind market. John B. Andersen, VP Business Development in Fred. Olsen Windcarrier, a Fred. Olsen Ocean company, will lead this new initiative and the corresponding team. “We are very excited to work with […]
Fred. Olsen Ocean has introduced a standalone offshore heliport concept expected to enable the offshore wind industry to integrate helicopter use into the operations and maintenance of its next generation of farshore wind farms. Fred. Olsen Windcarrier’s UK General Manager David Matthews has said that unlike the oil & gas sector, the offshore wind industry has until […]
Fred. Olsen Ocean, the owner of Fred. Olsen Windcarrier AS and Universal Foundation Norway AS and part of Bonheur ASA, ended 2015 with NOK 105 million (EUR 10.9 million) net loss, as compared to NOK 10 million net loss recorded a year earlier, due largely to delays in construction of several offshore wind projects and increased competition from […]
Fred. Olsen Windcarrier has made an agreement with Seafox International Group to acquire a 51% ownership in the jack-up vessel Seafox 5.
US-based liftboat specialist Falcon Global LLC and Fred. Olsen Windcarrier AS have reached a cooperation agreement to exclusively contribute vessels and marine/installation crews and operate a full spread of offshore wind installation and feeder vessels for the US offshore wind market.
Global Wind Service (GWS), 75.5%-owned by Fred. Olsen Windcarrier, saw a 13% revenue growth in the third quarter of 2017, as its owner reported lower revenues from installation vessels for Q3.
Fred. Olsen Windcarrier has appointed Even Larsen as the new CEO. Larsen has been with Fred. Olsen Windcarrier since 2013, where he worked on innovation and product development before becoming project manager for the Global Tech I project. In 2014, Larsen became Head of Commercial and Projects. “To be able to continue with Fred. Olsen Windcarrier […]
Fred. Olsen Ocean's offshore wind segment reported NOK 428 million operating revenue in the third quarter of 2016, compared with NOK 254 million in the same period in 2015, mainly due to higher utilisation and rates from the jack-up installation vessels Brave Tern and Bold Tern. The segment includes Fred. Olsen Windcarrier AS and Universal Foundation […]
Using an offshore accommodation platform combined with fast in-field vessels will be key to maximising efficiencies for large offshore wind farms built far from shore, according to an O&M logistics study carried out by Shoreline for Fred. Olsen Ocean. An O&M simulation, conducted by using Shoreline's MAINTSYS software tool, was performed in collaboration with a major developer and based […]
Fred. Olsen Windcarrier appointed Casper Toft as its new Managing Director this week. Toft comes from the position of Sales Director for MHI Vestas Offshore. He was working for seven years in business development, sales and marketing at Vestas Offshore. Toft was also involved in the commercial launch of the 8MW platform and was the key account director for […]
Fred. Olsen Ocean Ltd. (FOO), owner of Fred. Olsen Windcarrier and Universal Foundation Norway, has reported NOK 413 million (EUR 42 million) in operating revenues in Q4 2018, a 13% increase compared to the same period in 2017, partly attributed to higher utilization of Brave Tern and Bold Tern. According to the company, the two jack-up vessels […]
MHI Vestas Turbine Brings Offshore Wind into 9MW Realm MHI Vestas Offshore Wind has unveiled its uprated 8MW wind turbine which enables the platform to reach 9MW at specific site conditions. Carbon Trust: Floating Wind Is UK’s Golden Ticket A new report published by the Carbon Trust has highlighted the key areas for policy makers […]
With Offshore WIND heading towards the launch of its International Business Guide (IBG) 2017, the Business Focus articles will update you on the companies listed in our IBG that appeared in the news over the past few weeks. Bladt Industries The final six transition pieces for the 402MW Veja Mate offshore wind farm were delivered to Offshore Windforce M […]
TenneT Presents ‘Hub and Spoke’ Offshore Wind Concept (VIDEO) TenneT has presented a ‘hub and spoke’ concept to set up a large European offshore electricity system that incorporates building of an island in the middle of the North Sea. Van Oord, Highland Group Team Up for Deutsche Bucht OWF Van Oord and Highland Group Holdings […]
Kristian Ravn has been appointed as Managing Director of Universal Foundation, a Fred. Olsen related company. Ravn has joined Universal Foundation, the engineering and installation service provider for the Mono Bucket foundation, from the position of Managing Director at Semco Maritime Norway, an EPCI-contractor for the offshore Oil and Gas sector. “I have a strong belief in the Mono Bucket and […]
Bonheur ASA, Norwegian holding company that operates in the offshore wind sector, among other activities, released its financial results for the third quarter. The group's operating revenues marked a slight drop from NOK 3 411 million (EUR 365 milion), last year, to NOK 3 402 million (EUR 364.2 million), the same period this year. Shipping […]
Bonheur ASA, a specialist in shipping, offshore drilling, renewable energy and cruise, has reported a net loss of NOK 2,390 million for the second quarter of 2015, compared to profit of NOK 130 million a year before. According to their report, EBITDA for this period more than doubled mainly due to higher EBITDA within Offshore […]
Fred. Olsen Windcarrier has opened its first German business unit in Hamburg. Fred. Olsen Windcarrier GmbH, which opened officially on January 1st 2015, will be the centre of business development activity for the company’s interests in the German offshore wind market, focused on identifying and securing new business opportunities. The office will also support the interests […]
Bonheur ASA, Norwegian holding company that operates in the offshore wind sector, among other activities, today released its financial results for the second quarter. The Group of companies' overall 2Q operating revenues were NOK 2 771 million, higher that in the same period of 2013 (NOK 2 607 million). Operating revenues in its Shipping/Offshore Wind division amounted […]
Norwegian holding company Bonheur ASA has released its report for the first quarter of 2014 comprising Bonheur ASA and its subsidiaries and the group of companies´ ownership of associates. Bonheur’s main business segments include offshore drilling, renewable energy, shipping / offshore wind, cruise and other investments. The group’s EBIT was NOK 346 million, which is […]
A2Sea's jack-up vessel Sea Installer has installed the last transition piece on the EnBW Hohe See and Albatros offshore wind projects in Germany. The two projects have a combined capacity of 609MW comprising 87 Siemens Gamesa 7MW turbines installed on monopile foundations some 95km north of Borkum island. Swire Blue Ocean’s jack-up Pacific Osprey started installing foundations at the projects […]
Siemens Gamesa and Aalborg University (AAU) in Denmark will lead the new i4Offshore research and development project focused on significantly reducing the cost of offshore wind power.