"The plunge in the oil price has already made all of 2020 a bad business"
There is really only one way way out of the financial woes for the offshore sector and Bourbon Maritime, says Carsten Plougmann Andersen, who will play a central role in the restructuring of the French shipping company. EnergyWatch's sister media, ShippingWatch, has interviewed the former Maersk Supply CEO.
TOMAS KRISTIANSEN, SHIPPINGWATCH
The former CEO of Maersk Supply Service, Carsten Plougmann Andersen, will play a central role on the board of directors whose principal task will be to make the world's largest offshore shipping company, French Bourbon Maritime, a profitable business again.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.
A manufacturing presence in North America is crucial, says the CEO on the return to the US, where the aim is 2.5GW per year using both Germany’s largest turbine and an as yet unknown product.
Under the new management, Jupiter Bach has transformed the business from huge losses to a profit. However, the chief executive admits that coincidence has played a significant part.
Norlys Energy Trading is currently investing in growth, but competition for the best people has never been so intense, says the head of the energy trading company.
In the midst of an arbitration case with back-and-forth claims over a record-breaking turbine order, an Indian project developer now sues Siemens Energy to prevent the manufacturer’s departure.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.
The political trend towards marginalizing China is dangerous, says Siemens Energy’s hydrogen chief, who is confident about the German company’s abilities despite the much cheaper Chinese plants.