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A2Sea: Far too many offshore installation vessels

The coming years will be challenging for suppliers to the windmill industry, says Jens Frederik Hansen, CEO of Danish windmill carrier A2Sea. The overcapacity in installation vessels is problematic.

Photo: A2SEA

The windmill market has in recent years guaranteed strong growth for several suppliers in the industry and, unlike other segments, the market hasn't been seriously impacted by the financial crisis. But things are looking less lucrative ahead of 2016, predicts Jens Frederik Hansen, CEO of Danish windmill carrier A2Sea, in the company's newsletter.

"It looks like we'll have to endure an unprecedented loss of momentum, where industry players (offshore wind) will have to tighten their belts and look for optimization opportunities across the industry," he writes.

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