Feedering

Maersk’s Sturgeon WTIV was set to be a pioneering Jones Act-compliant vessel for the US offshore wind market. Yet, with the domestic market faltering under the new administration the project was terminated just before delivery. Is this a sign of the wind market replicating the offshore rig glut of the mid-2010s? Spinergie’s Lead Analyst, Yvan Gelbart, presents his analysis.