In 2025, the offshore wind sector faced increased supply-chain costs driven by inflation and higher capital costs due to interest rates. Capital expenditure for offshore wind totaled USD 38 billion, representing a 34% decrease from 2023 levels, with 55 GW of capacity under construction globally. The development of larger and more remote wind farms led to increased demand for Crew Support Offshore Vessels (CSOVs) and Crew Transfer Vessels (CTVs). The CSOV fleet workload grew by 25% in 2024 and 2025, with near-full utilization of both CTVs and CSOVs in 2025. The oil and gas sector also chartered CSOVs for offshore platform maintenance, notably Petrobras in Latin America, contributing to high vessel utilization.
CMB.TECH is developing and deploying low-carbon dual fuel hydrogen technology (H₂ICE) in collaboration with original equipment manufacturers (OEMs) such as Volvo Penta and MAN. Field trials in 2025 include port equipment like roll on/roll off tractors, straddle carriers, and gensets to support clean fuel strategies in marine and port operations.
Cmb Tech Nv's Comment on Supply Chain
In 2025, the offshore wind sector faced increased supply-chain costs driven by inflation and higher capital costs due to interest rates. Capital expenditure for offshore wind totaled USD 38 billion, representing a 34% decrease from 2023 levels, with 55 GW of capacity under construction globally. The development of larger and more remote wind farms led to increased demand for Crew Support Offshore Vessels (CSOVs) and Crew Transfer Vessels (CTVs). The CSOV fleet workload grew by 25% in 2024 and 2025, with near-full utilization of both CTVs and CSOVs in 2025. The oil and gas sector also chartered CSOVs for offshore platform maintenance, notably Petrobras in Latin America, contributing to high vessel utilization.
CMB.TECH is developing and deploying low-carbon dual fuel hydrogen technology (H₂ICE) in collaboration with original equipment manufacturers (OEMs) such as Volvo Penta and MAN. Field trials in 2025 include port equipment like roll on/roll off tractors, straddle carriers, and gensets to support clean fuel strategies in marine and port operations.
Sources:
Cmb tech Nv's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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