Rates for OSVs in the US remain underwater but utilisation levels are starting to rise and a “rational” approach to stacking and drydocking by owners could see pricing power start to return.
Swedish floating wind turbine player SeaTwirl has joined the Ocean Energy Scale-Up Alliance (OESA) that has been granted funding from the Interreg North Sea Region.
The Government Accountability Office has completed a review of the U.S. Navy's recent efforts to improve readiness, and it foresees that corrective action "will take years to implement."