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Pelagic Partners Teams Up with Borealis Maritime to Grow PSV Fleet

marinesalvage by marinesalvage
May 23, 2024
in Tug&Barge&Salvage
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Pelagic Partners Teams Up with Borealis Maritime to Grow PSV Fleet
(Photo: Pelagic Partners)

(Photo: Pelagic Partners)

Shipowner and transport fund supervisor Pelagic Partners introduced it has teamed up with asset administration agency Borealis Maritime to spend money on a pair of platform provide vessels (PSV).

Built in 2021, the 89-meter Aurora Coey – previously Viking Coey – and Aurora Cooper – ex-Viking Cooper – are each dual-fuel and able to working on liquefied pure gasoline (LNG), in addition to being ammonia-ready. The ice-class sister vessels are fitted with hybrid battery energy, and Low Loss Concept (LLC) options that additional scale back emissions, and their onshore energy functionality signifies that they will use grid power whereas in port.

Both vessels are at the moment below constitution with respected worldwide counterparties.

Atef Abou Merhi, Managing Director, Pelagic Partners, mentioned, “We are very pleased to be partnering with Borealis Maritime as we expand our offshore energy market exposure. The development of our portfolio in this segment is driven by an acknowledgement that offshore energy investment looks likely to remain steady over the next 5-6 years, coupled with an extremely low order book, which will likely lead to an increase in demand for PSVs. We have the advantage of being both a shipowner and a shipping fund, which is why it is important for us to focus our investments on acquiring the most modern vessels; equipped to evolve with the offshore marine industry, as it transitions to more sustainable practices. We’d also like to thank Fearnley Securities for the arrangement on the Aurora Coey.”

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