Fred Olsen Windcarrier has reached agreement with the Seafox International Group to acquire a 51% stake in the jack-up vessel Seafox 5.
The deal will see Seafox 5 included under Fred Olsen Windcarrier’s commercial and technical management. Singapore-based Keppel Offshore and Marine Ltd indirectly owns the remaining 49% of the vessel.
Fred Olsen Ocean chief executive Even Larsen said, “We very much look forward to welcoming Seafox 5 to the Fred Olsen Windcarrier fleet. Seafox 5 is a highly capable vessel that is well-suited to operation in deep water and in the most challenging offshore windfarm projects emerging in Europe, Asia and the US.
“To us, this marks an important investment and the vessel will be a perfect supplement to our current fleet. We believe in offshore wind and this acquisition further strengthens our position in the growing global offshore wind market. We look forward to partnering with Keppel Offshore and Marine Ltd.”
Fred Olsen Windcarrier can now offer the offshore wind market a fleet of three modern transport and installation vessels, Seafox 5, Brave Tern and Bold Tern.
Seafox 5 will join the fleet by the end of the year and its first job under the Fred Olsen flag will be the Hohe See project, working alongside Brave Tern.
Seafox 5 is a multi-purpose, four-legged, self-propelled dynamic positioning class 2 jack-up construction vessel with a track record in the offshore wind market and oil and gas and decommissioning markets. The vessel has a 1,200-tonne main crane and can accommodate up to 150 personnel. The vessel is capable of operating throughout the year in water depths of up to 65 m.