Ørsted Delays Hornsea 3 and Borkum Riffgrund 3 Timelines
6, May 2026
Ørsted has revised commissioning timelines for Hornsea 3 and Borkum Riffgrund 3 due to grid operator delays and outages in the UK and Germany.
Featured News
China Strengthens Shipbuilding Dominance as Korea Narrows Focus
6, May 2026
China is expanding its shipbuilding lead as Korean yards focus on LNG and LPG carriers, while the China-built Glovis Leader highlights pressure on Korea’s standard vessel sectors.
DOF Secures $2 Billion Brazil RSV Contracts
6, May 2026
DOF Group ASA secured four 12-year charter and service contracts in Brazil for newbuild RSVs supporting Petrobras deepwater IMR operations, with a total contract value close to $2.0 billion.
Ørsted Offshore EBITDA Rises in Q1
6, May 2026
Ørsted reported higher offshore EBITDA in Q1 2026 as it advanced offshore wind projects in the US, Europe, and Taiwan while maintaining full-year guidance.
Hormuz Crisis Traps Gulf Shipping
6, May 2026
More than 1,000 vessels remain stranded across the Gulf as restricted Hormuz traffic drives war risk premiums sharply higher.
Shell and Kosmos Plan 2027 Gulf Drilling
6, May 2026
Kosmos Energy and Shell plan to drill the Trailblazer prospect in the Gulf of America in 2027, targeting about 200 million boe gross.
Valaris Backlog Reaches $4.9 billion
6, May 2026
Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.
China Merchants Qingdao Expands Smart Yard
5, May 2026
China Merchants Qingdao Shipyard plans a $147 million smart workshop and Rushan base equipment expansion to raise shipbuilding capacity.
German Offshore Wind Seeks Policy Clarity
5, May 2026
Germany’s offshore wind sector is seeking clearer policy commitments, tender reform, port investment and stronger security rules for future growth.
