EIDESVIK TO BUILD METHANOL-FUELLED CSV

Feb 21, 2024 | offshore marine news

Eidesvik Offshore is joining forces with Agalas to build a methanol-fuelled Battery hybrid Construction Support Vessel (CSV) to perform subsea and offshore wind operations, which aims to be the most environmentally friendly vessel of its type.

The vessel will be owned by an entity to be named Eidsvik Agalas, with Eidesvik retaining a majority stake. The remaining shares will be owned by Northern Norway shipowner Agalas. Eidesvik Agalas has options for fouradditional vessels. 

Eidesvik claims a long history as a pioneer in demonstrating new emission-reducing technology. The company was a first mover within the adoption of LNG and battery technology in offshore vessels. With its newest addition to the fleet, Eidesvik will once again push boundaries with the introduction of the world’s most eco-friendly vessel within its operating segments. The vessel will feature a battery hybrid system alongside dual-fuel gensets capable of operating on either methanol or MGO. This design not only signifies a leap forward in environmental sustainability but also sets a new standard for the industry. The vessel is set to be built at the Sefine Shipyard in Turkey with delivery in early 2026. The newbuild will be equipped to perform inspection, maintenance and repair (IMR) work. Upon delivery it will enter into a 3 to 5-year time charter with Reach Subsea.  Full management of the vessel, including crewing, will be provided by Eidesvik.

Eidesvik Offshore CEO and President Gitte Gard Talmo said: “This new asset aligns perfectly with our strategy, which is founded on sustainable shipping solutions and long-term partnerships with our clients. The versatile vessel is designed to meet the demands of both the oil and gas sector and the offshore wind industry. This flexibility increases our capabilities and competitiveness in the future energy mix.”

Eidesvik and Agalas see the timing for the vessel as excellent, as demand for vessels in the subsea market is about to outpace supply. The companies further expect significant growth in offshore wind this decade.

Mats Nygaard Johnsen, CEO Agalas, added: “Teaming up with Eidesvik on this opportunity allows us to combine the strengths of two Norwegian shipowners and create a world-leading vessel that integrates functionality, green technology, and highly skilled personnel.”

Together with designer NSK Ship Design, Agalas has developed a flexible vessel measuring 99.9m in overall length with a breadth of 21m, that can accommodate 100 people. Equipped with a 150t heave-compensated crane and a deck area of approximately 900m2, it is suited for conducting IMR and construction work.

Image: Methanol-fuelled hybrid CSV (source: Eidesvik Offshore)

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