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

Seaspan to supply container fleet with green fuels

Seaspan has a new strategy underway, through which the major tonnage provider plans to use its network to enter a number of a new business areas, with one area being delivery of green fuel to its customers.

Further reading

Related articles

Latest news

See all jobs