Britain’s independent ship repairer, Burgess Marine has entered into a long-term agreement with Mainprize Offshore to initially build two 25m wind farm support vessels; MO2 and MO3.
Mainprize Offshore has also taken out options on a further two vessels. The deal is to be financed by Close Brothers
Nicholas Warren, Burgess Marine’s Managing Director comments: “For many years we’ve watched yards make small fortunes, then fail, or Operators make big investments which have then been seized or withheld by administrators. We wanted to offer a ‘piece of mind alternative’ to the industry. Something different. Something sensible. By working closely with Bob and Sharon Mainprize we’ve developed a ‘cost plus’ way of working; thus ensuring a very low risk for the Operator and a low, but sustainable, margin for us, as the builder”.
Burgess Marine intends to launch ‘Sure Build’ to the market at the Seawork International 2014 exhibition in Southampton this month with the signing of MO2 taking place on the company’s exhibition stand, no. A291, at midday on Tuesday 10 June.