Move comes with China’s expected dominance in future offshore wind energy market, which creates opportunities for equipment makers and vessel operators

The current project is Keppel O&M’s 140th floating production storage and offloading vessel conversion project. Extra precautions are being put in place as the threat of coronavirus-related work issues remain a concern

Tokyo Gas is branching into offshore wind, which the Japanese government has identified as a key future source of energy for power generation. Plans have been announced to develop 10m kilowatts of offshore wind power generation by 2030

Recent initial public offerings of vessel installation and support services companies are indicative of the slow but growing interest in the sector. As the size of turbine blades increase, the need for larger vessels grows

Texas offshore drilling contractor Noble Corp has cleared its way out of Chapter 11 after a court approved its restructuring plan, which reduces its debt from about $4bn to $450m

Braemar holds a 27% stake in AqualisBraemar and upon completion of the LOC transaction, which is subject to approvals, is expected to own 21% of the combined group