Offshore Energy

Wintermar Offshore Reports 194% Profit Surge in 1Q2026 Amid Strong Vessel Utilization and Geopolitical Tailwinds

Wintermar Offshore Reports 194% Profit Surge in 1Q2026 Amid Strong Vessel Utilization and Geopolitical Tailwinds

Wintermar Offshore's attributable net profit jumped 194% year-over-year to US$4.8 million in the first quarter of 2026, driven by a 53.9% rise in owned vessel revenue and improved utilization rates, while the ongoing Iran war and energy security concerns bolster offshore support vessel demand.

May 1, 2026
Offshore Solar Test Project Paves Way for Future Clean Energy Standards

Offshore Solar Test Project Paves Way for Future Clean Energy Standards

The North Sea Two project's successful testing of floating offshore solar panels marks a significant step toward establishing certification standards for clean energy at sea.

June 30, 2025