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Marco Polo Marine to Build, Operate CSOV as Offshore Wind Industry ‘Grapples with Shortage’

marinesalvage by marinesalvage
January 21, 2023
in Tug&Barge&Salvage
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Marco Polo Marine to Build, Operate CSOV as Offshore Wind Industry 'Grapples with Shortage'
Marco Polo Marine to Build, Operate CSOV as Offshore Wind Industry 'Grapples with Shortage'

Singapore- noted company Marco Polo Marine claimed Tuesday it prepared to develop, have as well as run a brand-new Commissioning Service Operation Vessel (CSOV) to satisfy the increasing need for assistance vessels called for to service the flourishing overseas wind ranch sector inAsia

When finished in the initial quarter of 2024, the vessel will certainly likewise be the initial CSOV to be made in Asia.

“The group will be funding the construction of the vessel with its existing resources and borrowings from financial institutions. A new CSOV is currently valued at about US$60 million,” Marco Polo Marine claimed.

According to the business, the CSOV, with a size of 83m as well as a light beam of 21 meters, is based upon the current style, which has actually been co-developed by Marco Polo Marine as well as Seatech Solutions International (S)Pte Ltd., as well as will certainly be utilized in appointing jobs throughout the building of overseas wind ranches, in addition to their upkeep procedures.

The vessel, which will certainly have the ability to suit 110 workers aboard, will certainly be furnished with walk-to-work movement made up gangway for secure workers transfer from the vessel to the wind turbines as well as will certainly have a 3D movement made up crane to help with freight transfer.

“The vessel will also be equipped with state-of-the-art green technology, such as hybrid battery-based energy storage systems, that will
reduce carbon emissions by up to 15%-20% and designed as future-ready, catering for methanol fuel to enable low carbon emissions,” the business claimed.

Sean Lee, CHIEF EXECUTIVE OFFICER of Marco Polo Marine claimed: “In March this year, we unveiled new designs for wind farm service vessels, and have received keen interest from offshore wind turbine makers and offshore wind farm developers. We observed that the industry continues to grapple with a CSOV shortage globally and charter rates continue to surge as well as the need to combat climate change.

“It is a large jump onward for the overseas maritime sector, as well as we are confident regarding the capacity to satisfy the increasing need for this vessel kind with the implementation of its very own CSOV in 1Q2024 tentatively. We will certainly be making the appropriate news once we have actually protected charter agreements for the vessel.”

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