Ulstein Verft has received orders for two offshore wind vessels from institutional investors advised by JP Morgan Asset Management.
The contracts for the construction service operation vessels (CSOVs) include two options, the Norwegian shipbuilder said.
Bernhard Schulte Offshore ordered two such vessels at Ulstein last year. That contract included options for two plus two vessels.
These options were transferred to institutional investors advised by JP Morgan, which has now declared the first two.
“We are excited to add to our existing presence in the offshore wind maintenance sector,” said Andrian Dacy, head of JP Morgan Asset Management’s Global Transportation Group.
“These latest-technology CSOVs will play a critical role in the development and delivery of renewable energy and global energy decarbonisation.”
The 90-metre vessels, based on the Ulstein SX222 design platform, will be equipped with a hybrid battery propulsion system and be prepared for green methanol fuel.
Ulstein Group chief executive Gunvor Ulstein said: “The offshore wind industry is an important enabler to achieve the climate goals, and we believe that our fuel-efficient ships will be vital assets in this mission.”
JP Morgan Global Transportation Group has invested in the transport industry since 2010 and manages more than $8bn in assets in the maritime, energy logistic, intermodal, rail and aircraft sectors.
