Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| So I think just across the board, yes, you'll see improvements in utilization term, the ability to tie together projects, which has been exemplified by what we've just seen with Scylla |
| We are confident that this combined entity will continue to drive positive outcomes for our shareholders as well as our customers |
| And so yes, I think, again, the opportunities are improving from the contractor side and whether that be long-term projects or us being able to determine what the start dates are of projects, but up until now, someone may say, you can't compete on our project unless you are available from July 1 |
| The scale and our respective capabilities will create significant value at a time when offshore wind needs reliable partners and reliable solutions |
| And even more impressively, we've secured $255,000 per day contract for the Scylla, which is starting in 2024 with a perfectly timely start upon conclusion of our current employment |
| So it's -- yes, I think the lack of supply of installation vessels means that the utilization and the rate structures should improve for the contracts, the installation contractors |
| So yes, the more coverage they can give for themselves, the more comfort it gives them that they can deliver the projects that they've got on the books |
| However, at this stage, we are confident that we're going to reach that threshold |
| I think, ironically, that the current turbulence improve our market dynamics for exactly that reason is that those who are not already operating and don't have a big footprint have got more queries rather than queries over the last 6 months and that actually kind of strengthens the existing operators footprint |
| I've also kind of been pretty consistent in my view that I think that even if you do see some very large turbines going out, the scale of this market means that you don't or won't necessarily have to install the biggest turbines in the deepest water depths to be successful |
| The third quarter was a productive quarter for the company on many different levels |
| Have a good day |
| And in addition, they are rates which generate significant returns on equity |
| We have generated more than $53 million of revenue and an adjusted net income of $18.5 million |
| Emanuele Lauro Thank you very much |
| Benjamin Nolan Great |
| Thank you |
| Welcome, everybody, and thank you for joining us today |
| Suddenly, we might be able to say, well, actually, we're not available until September 1, but that's still good enough for the client because there aren't any other options |
| Statement |
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| offshore wind, it's been a challenge for a while |
| So there were these kind of turbulences in Europe in the early years when again, the industry is trying to rationalize itself |
| The day rates on our new contracts are reflecting a tightening of supply and demand for offshore wind on a global level |
| offshore wind market and its challenges has somewhat overshadowed the strength in Europe and Asia for offshore wind |
| I wonder also more specifically, are developers now building in longer contract lengths as a result of supply chain issues |
| Actually, for you, Sebastian, the second question -- or my second question here is, obviously, in the last month or so, there's been all sorts of turmoil as it relates to U.S |
| But do you think in terms of [indiscernible] do you think sizes would just keep going up or again, this turbulence, they're under a bit of pressure now, maybe best is accepted |
| And over the last 10 years, the turbine suppliers haven't been able to effectively get a decent return on that investment |
| And I guess, in this case, it's -- you're not able to disclose that time frame |
| to overcome these challenges, but we must highlight that this is a global market and one in which the U.S |
| Do you think there's any slowing down in terms of the competition putting on new orders for vessels? And actually, beyond that, do you think this could actually see a slowdown in the development of new turbine sizes? Do you think we might start to sort of cap around maybe slightly higher than current levels before we move to the next stage |
| Adam Forsyth Just some more questions probably around what we might describe as wider market turbulence |
| So I don't have any worries that it's going to continue to develop like the other markets have |
| Are they taking a more conservative view? And could that actually be beneficial to you |
| I mean I think like you said, it's rip the band-aid off and not just trying to find a constructive way forward where it just becomes sustainable business |
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