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Home›Business & Finance›Vard Receives Another CSOV Order from Norwind Offshore
Business & Finance

October 8, 2024 · about 2 years ago

Vard Receives Another CSOV Order from Norwind Offshore

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a commissioning service operation vessel (CSOV) for Navigare Capital Partners. The new unit, based on the VARD 4 19 design, will be delivered in the second quarter of 2027 from Vard’s ship

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Vard Norwind Offshore CSOV
Source: Vard

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a commissioning service operation vessel (CSOV) for Navigare Capital Partners.

The new unit, based on the VARD 4 19 design, will be delivered in the second quarter of 2027 from Vard’s shipyard in Vung Tau, Vietnam. Tailor-made to support offshore wind farm operations, the vessel will be the sixth CSOV that Vard has delivered to Norwind Offshore, in addition to an energy construction vessel and the conversion of a platform supply vessel (PSV) to a service operation vessel (SOV).

The 85-metre-long CSOV, with a beam of 19.5 metres, will be equipped with advanced technological systems, including a height-adjustable motion-compensated gangway with an elevator system, a 3D crane, and a height-adjustable boat landing system.

The vessel will also feature advanced battery solutions and will be capable of accommodating 87 personnel.

The contract, established in close collaboration with Norwind Offshore in which Navigare Capital Partners holds a shareholding position, represents the first option to be exercised from the agreement signed in March this year.

In addition to this contract, Vard and Navigare Capitals have also agreed on two new options, where the first one can be declared later this year and the second one in 2025.

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