Business & Finance
UK: Carbon Trust Funds Six Companies for Offshore Access Innovation Project
A boat with suspension inspired by Paris Dakar-winning rally cars that can remain stable and a ‘seahorse’ vessel consisting of a towering keel that minimises movements in the ocean swell are two of the six innovative concepts that will receive further funding from the Carbon Trust’s Offshore wind Ac
Sweden: Vattenfall Reports Underlying Operating Profit for First 9 Months
Vattenfall is reporting an underlying operating profit for the nine-month period 2012 that is nearly on par with 2011 for continuing operations – despite a challenging market. The industry is under continuous pressure from overcapacity, low prices and low margins, especially for electricity generati
ABS Officially Opens KETC in South Korea
Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th
The Netherlands: OceanWind Cable Storage Solutions Established
WIND and Oceanteam Shipping have announced the establishment of their new joint venture OceanWind Cable Storage Solutions. OceanWind aims to facilitate the submarine cable industry by offering its clients a full and integrated range of services comprising cable storage, cable handling, and cable tra
Alicat Workboats Acquires South Boats (UK)
The business of major British work boat company South Boats Special Projects Limited has been sold out of administration – saving a significant number of jobs on the Isle of Wight. The leading manufacturer of service vessels for the offshore wind power industry, which is based out of Cowes on the Is
OutSmart to Open Its French Office
In November of this year, OutSmart will be opening an office in Paris. After the Netherlands and Germany, France is the third country where OutSmart will settle. “The reason we chose for Paris, is that we want to provide our services to France. The offshore wind market in France is developing fast,
Spain: Gamesa Presents Its Business Plan 2013-2015
Gamesa has presented its Business Plan 2013-2015, with the goal of addressing the immediate situation while laying the foundation to emerge stronger, in a position of leadership in the wind industry, through the following strategies and actions: recovering and maintaining profitability, reducing fix
China: Goldwind Announces Q3 Results
Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind”) has announced its financial results for the nine months ended 30 September 2012 (the “reporting period”). According to unaudited financial statements prepared in accordance with the People’s Republic of China accounting rules and standard
Seacat’s ‘Resolute’ Contracted to Work at Greater Gabbard Offshore Wind Farm (UK)
Seacat Services, the class leading vessel transfer operator, has announced that Resolute, its latest 24-metre, class-certified workboat, has been contracted to Greater Gabbard Offshore Wind Limited, to work at the Greater Gabbard and Galloper offshore wind farms. With growing pressure to deliver a s
UK: ABP Seeks EIB Loans for Port Development Projects
Associated British Ports (ABP) Finance Plc announces that ABP Acquisitions UK Limited (“ABPA”), its fellow group undertaking, is in discussions with the European Investment Bank for the provision of two corporate loans totalling around £125m. In accordance with the terms of ABPA’s existing financing
The Netherlands: Ballast Nedam Releases Q3 Report
Ballast Nedam is accelerating its execution of the strategy of focusing on the growth market of integrated projects and specific niche markets. This decision was prompted by the sustained poor market outlook. The company’s profile will change faster as a result, with substantial consequences for sev
The Switch: Good Strategy, Business Concept Lead to Growth (Finland)
Jukka-Pekka Mäkinen, President and CEO of The Switch, writes about the company’s growth, which is an achievement of a good strategy and business concept: Last month’s HUSUM WindEnergy 2012 exhibition gave us firm proof that the wind power business is moving ahead again. We’re seeing movement from al
Areva Intends to Bring Jobs to East of England
European wind turbine manufacturer Areva intends to bring wealth and jobs to the East of England even though it has ruled out the region for its new UK factory. Speakers from the energy group said this week they wanted to work closely with the region’s supply chain because of the offshore expertise
Denmark: Knud E. Hansen Designs Two Wind Turbine Installation Vessels for Swire
The self-elevating and self-propelled vessels were designed for Swire Blue Ocean, Denmark, for installation of offshore wind turbines and support in the offshore oil & gas sector. The first of the two vessels was delivered from Samsung Geoje Shipyard in October 2012, and the second is expected to fo