commissioning-service-operation-vessels

Windward Offshore ups its Vard CSOV order to four ships

Windward Offshore has exercised an option under a contract placed with Fincantieri’s Norwegian-based Vard subsidiary in October last year and has added two additional hybrid commissioning service operation vessels (CSOV) to the two booked in the original contract.

Windward Offshore is a new consortium led by the Rickmers family’s SeaRenergy Group, the offshore wind services arm of its Asian Spirit Steamship Company (ASSC). Other consortium members are Blue Star Group, Diana Shipping Inc., and...

https://www.marinelog.com/offshore/offshore-wind/windward-offshore-ups-its-vard-csov-order-to-four-ships/

Edda Wind lines up green term loan for CSOV quartet

Haugesund, Norway, headquartered Edda Wind ASA reports that it has secured green term loan financing for the four newbuild commissioning service operation vessels (CSOVs) that it ordered at Fincantieri’s Norwegian-based subsidiary Vard earlier this year.

The green term loan facility agreement is for the pre- and postdelivery financing of the four vessels under construction at Vard.

The EUR 161 million (about $176 million) green term loan facility agreement has been reached with Crédit Agricole...

https://www.marinelog.com/offshore/edda-wind-lines-up-green-term-loan-for-csov-quartet/

New Windward Offshore consortium orders 2+2 CSOVs

Windward Offshore CSOV

Windward Offshore has placed an order for two hybrid, green methanol ready, commissioning service operation vessels (CSOVs) with Fincantieri’s Norwegian-headquartered Vard subsidiary that includes an option for two additional vessels. The first CSOV is scheduled for delivery in the second quarter of 2025. Its hull will be built in Romania, while the final outfitting, commissioning and delivery will be carried out in Norway. The second vessel will be built and delivered by Vard’s Vung Tau,...

https://www.marinelog.com/offshore/offshore-wind/new-windward-offshore-consortium-orders-22-csovs/