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    Broker highlights growing role for East European yards

    Yard News // August 19, 2013

    Broker Westshore has highlighted the growing role of shipyards in Eastern Europe as builders of offshore vessels.

    "While the construction of hulls in countries such as Romania and the Ukraine is nothing new for the Norwegian owners who then take these hulls for fit out in Norway, many are beginning to turn their attention towards complete construction at Eastern European facilities," said Westshore.

    Recently, two new orders for LNG-fuelled PSVs were placed at Polish shipyard Remontowa. The owner behind the orders is known to be a major-Norwegian player.

    Meanwhile the yard has recently delivered two PSVs to Gulf Oshore, Highland Defender and Highland Chieftain.

    "Other orders have been placed this year for increasingly specialised vessels to be built at Remontowa and relations between Norwegian players and the Polish outfit has certainly gone from strength to strength," said Westshore.

    The Bergen Group, which among other activities is actively involved in the building of advanced offshore vessels, has just announced the acquisition by Ukrainian Shipyard Zaliv of 51 per cent of its shares.

    The Ukrainian company has an option to acquire the remaining shares in the Norwegian company at a later date. Bergen Group was responsible for the construction for such vessels as Island Enforcer, Normand Pacic, Ocean Response and several seismic vessels.

     

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