Norway’s Island Offshore has ordered its second hybrid ocean energy construction vessel from Vard.
In May, the two companies signed a contract for one firm ship with an option for two sister vessels. The new contract is a use of the first option.
Island Offshore chairman Morten Ulstein said: “We are happy to confirm this order, demonstrating our faith in the market outlook and our commitment to continue renewing our fleet.
“The vessel will further strengthen Island Offshore’s positioning in attractive market segments based on a fleet of versatile advanced offshore vessels.”
The price for the order was not disclosed.
The hull of the vessels will be built at a Vard shipyard in Romania.
The outfitting, commissioning and delivery will be done from one of its yards in Norway.
The 120-metre vessel with a 25-metre beam will have a 250-tonne heave-compensated offshore subsea crane.
Kristian Saetre, senior vice president for sales & marketing at Vard, said: “The design of the first vessel has been carried out according to plan and in close dialogue with the customer…
“It is gratifying that Island Offshore has decided to realise the first option, a signal of our good cooperation and of the belief in a future market for a future-oriented vessel.”
The two vessels, which will be based on Vard’s 3 25 design, are scheduled to be delivered in the first quarter of 2027.
Vard has so far delivered 41 ships to Island Offshore, a privately owned group based in Ulsteinvik with about 900 employees that operates 19 offshore service vessels.
