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    A2SEA invests in new jack-up vessel

    Vessel & ROV News // March 26, 2012

    A2SEA has signed a contract with Chinese company, COSCO Shipyard Group Co Ltd, for the construction of a jack-up vessel specially designed for installation of offshore wind turbines. The contract has a value of US$155 million.

    The agreement with COSCO Shipyard Group Co Ltd is for a vessel identical to Sea INstaller, which is also being built by the yard, but with a larger crane able to lift up to 900 tonnes, which is 100 tonnes more than Sea Installer.

    The vessel will be delivered in 2014 and is optimised to operate at water depths of up to 45m.

    "With the fast growing offshore market in the Northern Europe, we can already today see that the demand for vessels for installation will grow dramatically. With the new installation vessel, we are well prepared to meet that demand and strengthen our position as supplier of installation services,” said Jens Frederik Hansen, CEO, A2SEA.

    “It is very important to us that we are able to meet the demand of tomorrow, when the offshore windfarms along with the size of the turbines are growing in size. With the new vessel we take a big step continuing to shorten the time of installation and thereby bringing down the cost of energy from offshore wind energy."

     

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