reports
- Martin Huseby Karlsen
Hornsea 4 cancellation adds to uncertainty
Ørsted today announced it is cancelling development of the 2.4GW Hornsea 4 project off the UK due to increased supply chain costs, higher interest rates, and greater construction and operational risk (FID was expected later in 2025). The cancellation adds to uncertainty for the offshore wind services industry and overall project profitability within offshore wind. No installation contracts for Hornsea 4 had been disclosed yet, but with Cadeler responsible for foundations and half the turbines on...
- Martin Huseby Karlsen
Takeaways from WindEurope
At the WindEurope event in Copenhagen, we met with companies representing approximately 75% of the global offshore wind installation fleet, gaining insights that support a constructive outlook for the sector. Addressing recent investor concerns related to market growth, the industry has already reflected and anticipated recent downward adjustments in third-party forecasts. With respect to a slowdown ahead in the US market, a second investor concern lately, near-term vessel demand could surprise ...
- Martin Huseby Karlsen
Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is Dece...
Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is December 14, 2023 MONACO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti”) and Cadeler A/S (OSE: CADLR) (“Cadeler”), two offshore wind turbine and foundation installation companies, remind shareholders that the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti has been extended to 5:30 p.m. Eastern Time on December 14, 2023. Shareholders that have previously tendered their shares do not need to take a...
Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer ...
Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility MONACO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announced the extension of the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti Inc. (NYSE: NETI) (“Eneti”) to 5:30 p.m. Eastern Time on ...
Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Of...
Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Offer for All Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 and New Loan Facility MONACO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announced the extension of the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti Inc. (NYSE: NETI) (“Eneti”) to 5:30 p.m. Eastern Ti...
Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and S...
Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels MONACO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Société Générale, and with Société Générale as Green Loan Coordinator. The Credit Facility finances appr...
Eneti Inc. Announces Financial Results for the Third Quarter of 2023 a...
Eneti Inc. Announces Financial Results for the Third Quarter of 2023 and Declares a Quarterly Cash Dividend MONACO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended September 30, 2023. The Company also announced that on November 14, 2023 its board of directors (the “Board of Directors”) declared a quarterly cash dividend of $0.01 per share on the Company’s common shares. Results for the Three and Nine Months Ended September 30, 2023 and 2022 For the third quarter of 2023, the Company’s GAAP net i...
Cadeler A/S and Eneti Inc. Announce Launch of Share Exchange Offer for...
Cadeler A/S and Eneti Inc. Announce Launch of Share Exchange Offer for All of The Outstanding Shares of Common Stock of Eneti Inc. MONACO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announce the commencement of a share exchange offer (the “Offer”) for all of the outstanding shares of common stock of Eneti. The Offer is being made pursuant to the Business Combination Agreement, announced on June 16, 2023. The Offer is expected to close within Q4 2023. Cadeler ...
Eneti Inc. to Announce Third Quarter 2023 Results and Have a Conferenc...
Eneti Inc. to Announce Third Quarter 2023 Results and Have a Conference Call on November 14, 2023 MONACO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce third quarter 2023 financial results in a press release that will be issued before the market opens on Tuesday, November 14, 2023. A conference call to discuss the Company’s results will be held at 9:00 AM Eastern Time / 3:00 PM Central European Time on November 14, 2023. Those wishing to listen to the call should dial 1 (877) 513-1694 (U.S.) or 1 (412) 902-4269 (International) at least 15 mi...
Eneti Inc. Signs Installation Contract for Newbuild WTIV
Eneti Inc. Signs Installation Contract for Newbuild WTIV MONACO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to transport and install turbines. With mobilization commencing in the second quarter of 2027, the contract will be performed by one of the Company’s two NG16000X Wind Turbine Installation Vessels currently under construction at Han...
Eneti Inc. Signs Contract for Seajacks Scylla
Eneti Inc. Signs Contract for Seajacks Scylla MONACO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to assist with the installation of wind turbines. With mobilization commencing in 2024, the contract will be performed by the Company’s NG14000X-class vessel, “Seajacks Scylla”. Inclusive of mobilization and demobilization, the engagement is e...
Eneti Inc. Signs Vessel Reservation Contract for Newbuild WTIV
Eneti Inc. Signs Vessel Reservation Contract for Newbuild WTIV MONACO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a vessel reservation agreement with an undisclosed client to transport and install turbines. With mobilization commencing in the first quarter of 2027, the contract will be performed by one of the Company’s two NG16000X Wind Turbine Installation Vessels current...
Eneti Inc. Announces Financial Results for the Second Quarter of 2023 ...
Eneti Inc. Announces Financial Results for the Second Quarter of 2023 and Declares a Quarterly Cash Dividend MONACO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended June 30, 2023. The Company also announced that on August 8, 2023 its board of directors (the “Board of Directors”) declared a quarterly cash dividend of $0.01 per share on the Company’s common shares. Results for the Three and Six Months Ended June 30, 2023 and 2022 For the second quarter of 2023, the Company’s GAAP net loss was $49....
Eneti Inc. to Announce Second Quarter 2023 Results and Have a Conferen...
Eneti Inc. to Announce Second Quarter 2023 Results and Have a Conference Call on August 8, 2023 MONACO, July 28, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce second quarter 2023 financial results in a press release that will be issued before the market opens on Tuesday, August 8, 2023. A conference call to discuss the Company’s results will be held at 9:00 AM Eastern Daylight Time / 4:30 PM Central European Summer Time on August 8, 2023. Those wishing to listen to the call should dial 1 (877) 513-1694 (U.S.) or 1 (412) 902-4269 (International) at le...
Eneti Inc. Announces Contract Awards for Seajacks
Eneti Inc. Announces Contract Awards for Seajacks MONACO, July 17, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed two new contracts in the offshore wind sector in NW Europe for between 62 and 82 days of employment for two of its NG2500X-class vessels that will generate between approximately $5.2 million and $6.7 million of revenue in 2023. About Eneti Inc. Eneti Inc. is a leading provider of installation and maintenance vessels to the offshore wind sector and has invested i...
- Martin Huseby Karlsen
Cadeler A/S and Eneti Inc. sign business combination agreement to crea...
Cadeler A/S and Eneti Inc. sign business combination agreement to create a leading offshore wind turbine and foundation installation company MONACO, June 16, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announce today that they have entered into a business combination agreement to combine (the "Combination") through a stock-for-stock exchange offer to be made to all stockholders of Eneti based on an exchange ratio of 3.409 Cadeler shares for each Eneti share (the “Excha...
Eneti Inc. Announces A Contract Award for Seajacks
Eneti Inc. Announces A Contract Award for Seajacks MONACO, May 16, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed a reservation agreement, for its NG 5500 vessel, Seajacks Zaratan, for employment in the Asia Pacific region for between five and six months. The reservation agreement, will, if converted into a contract, generate between approximately €32.5 million and €38.0 million of revenue after estimated project costs and would commence in the second quarter of 2024. About En...
Eneti Inc. Announces A Contract Award for Seajacks
Eneti Inc. Announces A Contract Award for Seajacks MONACO, May 02, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed a contract in NW Europe, starting in the fourth quarter of 2023, for between 90 and 145 days of employment for one of its NG2500-class vessels that will generate between approximately $5.9 million and $9.5 million of revenue during the fourth quarter 2023 and the first quarter of 2024. About Eneti Inc. Eneti Inc. is a leading provider of installation and maint...
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