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HitecVision and J. Lauritzen joint venture will generate USD 252.2 million in revenue

The new joint venture between Norwegian HitecVision and Danish J. Lauritzen will generate revenue of USD 252.2 million and create a bigger fleet of hotel ships. The new company’s balance will be USD 672.5 to USD 840.5, HitecVision tells ShippingWatch.

Photo: Axis Offshore

The goal of the new joint venture company announced yesterday by HitecVision and J. Lauritzen is to build more hotel- and service ships for the offshore industry.

"We plan to build a bigger fleet in offshore hotels over the coming years. The goal of the company is to generate revenue of USD 252.2 million and a balance of USD 672.5 to USD 840.5," says senior partner of HitecVision, Pål Reiulf Olsen, to ShippingWatch.

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