Shipping profiles race to conquer booming wind market
The interest in getting a slice of the wind market, which is expected to grow by 15 percent per year ahead to 2030, now has both old acquaintances and brand new players within offshore and dry bulk jumping to get in on the action. Maersk, Scorpio and Arne Blystad's OHT are just three among many.
BY TOMAS KRISTIANSEN & SØREN PICO, SHIPPINGWATCH
Read this article for free
Register with your E-mail. No credit card required.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.
The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.