News from ZITON

ZITON reports strong growth in revenue and earnings in 2016

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ZITON A/S released its Annual Report 2016 earlier today. The report has the following highlights: Revenue more than tripled to EUR 29 million from EUR 9.1 million in 2015. Operating profit (EBITDA) was EUR 16.4 million compared to a loss of EUR 1.0m in 2015. Cash flows from operating activities were an inflow of EUR […]

Vattenfall and ZITON sign framework agreement

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With a three-year framework agreement ZITON will become main partner to provide jack-up vessels for major component replacement at Vattenfall’s offshore wind farms. Both companies agree that this is an important step in the right direction for a more efficient and cost reducing offshore wind market. To both Vattenfall and ZITON the key to offshore […]

DONG Energy chooses ZITON as O&M service partner for offshore wind turbines

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ZITON enters component-exchange framework agreement with DONG Energy DONG Energy and ZITON A/S have entered a framework agreement that will see ZITON provide services related to main component exchanges on out-of-warranty offshore wind turbines for the next three years. ZITON will provide its jack-up crane vessels for main component exchanges in Danish windfarms operated by […]

DONG Energy vælger ZITON som O&M-samarbejdspartner for havmølleparker (Danish language)

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ZITON indgår rammeaftale om udskiftning af vindmøllekomponenter med DONG Energy ZITON A/S har indgået en treårig rammeaftale med DONG Energy om at levere ydelser i relation til udskiftning af hovedkomponenter på havmøller, som er uden for garantidækning. ZITON vil stille rederiets jack-up-kranskibe til rådighed til udskiftning af hovedkomponenter på danske vindmølleparker, som drives af DONG […]

New name, same expertise: DBB Jack-Up Services becomes ZITON

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We are delighted to announce ZITON A/S as our new company name, as of today. The change signals our increased focus on specialist expertise within offshore wind turbine maintenance. CEO Thorsten Jalk comments about the name change: “As the offshore wind energy market continues to develop rapidly, specialist companies such as ours need to adapt […]

Accident on board WIND PIONEER Saturday 2016-02-20

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DBB Jack-Up Services confirms the occurrence of an accident during a scheduled fire drill on board WIND PIONEER Saturday 2016-02-20. The injured person suffered a laceration to his right shin, seemingly caused by a fire hose being pressurized. The injured person was transferred to the site CTV and subsequently transferred to a coast guard helicopter, […]

DBB Jack-Up secures new financing of EUR 100 million

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DBB Jack-Up Services A/S successfully raises EUR 100 million in a four-year senior secured bond. On November 12, DBB Jack-Up Services A/S (“DBB Jack-Up”) successfully placed a EUR 100 million senior secured bond loan. The bonds, maturing in 2019, will bear a floating coupon of 3 months EURIBOR + 8.5% (paid quarterly). The proceeds from […]

New CCO will strengthen DBB Jack-Up

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Bent Thambo Jensen will join DBB Jack-Up and the management team as new Chief Commercial Officer from 1st October 2015. We are proud to announce that Bent Thambo Jensen will join our team from 1st October 2015. Bent is extremely accomplished and well liked throughout the industry and we are lucky to have him on […]

DBB Jack-Up and MHI Vestas Offshore Wind extends framework agreement into 2016 and 2017

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DBB Jack-Up Services A/S and MHI Vestas Offshore Wind A/S extend their framework agreement for offshore wind operations and maintenance services by another two years. In December 2014, years of successful cooperation between DBB Jack-Up and MHI Vestas Offshore Wind resulted in the signing of a framework agreement for offshore wind operations and maintenance services […]