Page 21: of Maritime Reporter Magazine (April 2026)

the forecast, including: to upgraded earlier generation vessels. • Oil & gas demand for WTMVs, • Timing and amounts of auctions of • Changing economic returns (in? a- HLCVs and HLSSs for construction, in- currently active markets and new play- tion, exchange rates, etc.). tervention and maintenance.

ers. For example, Germany has recently • Changing political support for off- • Timing of industrialization of delayed its 2026 auction to 2027. shore wind, as seen in the USA but it ? oating wind, which has generally • Grid connection availability. also witnessed in several other offshore moved further into the 2030s.

• Speed of adoption of larger tur- wind markets. • Black swans.

bines. The two leading western OEMs are currently focusing on turbines of =15MW, although Siemens is reported to be discussing commercializing its 20MW+ model for projects under con- struction in the next decade. Several Chi- nese OEMs are developing 16-25MW offshore turbines and a couple of dis- cussing factories in the UK and Europe.

• Acceptance of Chinese OEMs

Secure and scale of entry of Chinese installa-

Performance tion and maintenance vessels to global the market. Chinese foundations, subsea iC7-Marine ultra-compact drives cables and, to a lesser extent, turbines and power converters ofer fast already feature in the European and system integration and strong

EAPAC markets. Wide scale adoption performance. Enjoy integrated of Chines turbines including planned compliance and cybersecurity –

European factories is still subject to sig- onshore and on board.

ni? cant political debate.

• Cabotage/preference to build &

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New generation vessels achieve produc- tivity of up to more than 40% compared www.marinelink.com 21

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