Fred. Olsen charters jack-up vessel Jill
Fred. Olsen Windcarrier has signed a long term time charter with Falcon Global for their jack-up vessel Jill. The jack-up vessel will be an integrated part of the Fred. Olsen Windcarrier jack-up fleet and will be working out of Europe to, mainly, carry out O&M work in offshore wind.
The vessel is currently on a heavy lift vessel across the Atlantic from the Gulf of Mexico and is ready to commence work in Europe from mid-April 2019. Jill´s first job will be suction bucket installation tests out of Frederikshavn in Denmark together with Universal Foundation scheduled to commence 2nd half of April. The first contracts for main component exchanges will take place shortly after arrival.
Jill is a smaller and lighter jack-up vessel than the existing Terns in the Fred. Olsen Windcarrier fleet. She is equipped with 102 m long legs and capable of transporting wind turbine generator components up to 5MW and can carry major components such as gearboxes, generators, transformers, blades and full drive trains for O&M jobs.
“With Jill joining our fleet, Fred. Olsen Windcarrier can provide a competitive vessel to the O&M market for the 3-5 MW offshore wind turbines. Jill is capable of servicing up to 80% of the installed offshore wind base and we look forward to showing the offshore wind market what this vessel is capable of. Apart from using her for major component exchanges within O&M, she can among other things also be used for offshore accommodation and for blade transportation”, said Casper Toft, CCO of Fred. Olsen Windcarrier.
The charter agreement builds on a cooperation Fred. Olsen Windcarrier and Falcon Global started in March last year, when the parties agreed to exclusively work together and contribute vessels and marine/installation crew to the market and operate a full spread of offshore wind installation and feeder vessels for the US offshore wind market. Through that cooperation Fred. Olsen Windcarrier gains access to a Jones Act-certified offshore wind fleet, while Seacor benefits from the strong European know-how of the offshore wind market and “a fleet of class-leading jack-up vessels”.
“We are pleased to have Jill join our fleet. This agreement will strengthen our relationship with Falcon Global and give us valuable experience in working together providing services to clients. We will combine the American crew with the Fred. Olsen Windcarrier experience and safe hands from the offshore wind industry”, said Alexandra Koefoed, Managing Director, Fred. Olsen Windcarrier.
Offshore wind expansion
Fred. Olsen Ocean (FOO), the parent company of Fred. Olsen Windcarrier, is rapidly expanding its presence in the offshore wind market. Just last week the Norwegian shipowner entered into an agreement to acquire a 50 percent ownership in United Wind Logistics for €12 million, making FOO the majority shareholder.
Subsequent to the transaction, Fred. Olsen Ocean’s activities within the offshore wind service industry consist of a 100% ownership in Fred. Olsen Windcarrier, a 100% ownership in Universal Foundation (UF) and a 50% ownership in UWL.