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Lauritzen joint venture orders first newbuilding

Axis Offshore, the name of the new joint venture cooperation between the Danish shipping company J. Lauritzen and the Norwegian equity fund HitecVision has ordered its first vessel. It is a semi-submersible accommodation vessel and is to be used in the North Sea from 2015.

Photo: Harald Pettersen/Statoil

The joint venture between J. Lauritzen and HitecVision founded in July this year, has now placed its first order. Axis Offshore, the new appelation of the division of J. Lauritzen formerly known as Lauritzen Offshore, has ordered a semi-submersible accommodation vessel which is to be ready for use in the North Sea from the first quarter of 2015. The ship will be built in the GM500A Global Maritime design and will be able to accommodate 500 people. The vessel will be built by Chinese Cosco and Axis has included an option of two more ships.

“Axis Offshore is committed to grow its activities in the high-end offshore accommodation segment and we are pleased to take this first step for the North Sea. We have designed the new accommodation vessel to offer a safe, reliable and comfortable offshore accommodation solution. While we see opportunities in the North Sea we remain keen also to expand our presence in Brazil and also see potential in Australia”, CEO of Axis Offshore, Jesper Kragh Andresen, says in a press release.

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