Fred. Olsen and Teekay form new partnership for wind vessels

Fred. Olsen Ocean and Teekay Offshore have formed a joint venture which will work with creating a new design for wind vessels. There is a "gap between crew transfer vessels (CTVs) and service operations vessels (SOVs) in the offshore wind space," write the companies.

Photo: Fred.Olsen Windcarrier

Norway's Fred. Olsen Ocean and NYSE-listed Teekay Offshore have entered a joint venture for a company which will develop a new design for wind vessels, writes Fred. Olsen in a press release.

"We see great potential in developing a vessel that fills the gap between crew transfer vessels (CTVs) and service operations vessels (SOVs) in the offshore wind space," says Vice President of Fred. Olsen Windcarrier, John B. Andersen, in the statement.

The joint venture will continue the work on Teekay's existing HiLoad technology which enables vessels to moor by offshore installations without help from towage vessels or anchor handling tug supply vessels.

"We are excited about the idea of combining our existing HiLoad maritime technology with Fred. Olsen Ocean's strong operational experience within the renewable energy sector, a market that we both see promising future potentials in," says Tor Olav Øie, Head of Strategic Development in Teekay's Stavanger office.

Nordea expects huge oil rig industry restructuring in 2017 

Tanker carriers dive on uncertainty in the oil market 

New report: Rig market almost cut in half in 2015 

Teekay Tankers hit by the weakest tanker rates in three years 

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs