Maersk entry for turbine installation confirmed
Maersk Supply Service has entered the offshore turbine installation market with a feeder-capable newbuild set to enter the market in 2025, backed by a contract with Equinor and BP for the Empire Wind development in the US. The vessel design features an innovative docking system to unload turbine components from barges, making the solution Jones Act-compliant when paired with US-built barges. Newbuild costs are likely higher than conventional turbine installation vessels, and the advantages of this design in non-US markets will depend on the trade-off between higher capex, higher opex and a narrower weather window versus the improved efficiency of always having the installation vessel on the wind farm.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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