Hanwha Ocean Inks Contract for Newbuild WTIV

Eneti, a company providing offshore wind installation vessel services, said
its subsidiary Seajacks had signed a contract with Hanwha Ocean (ex-Daewoo Shipbuilding & Marine Engineering) in South Korea.

With mobilization starting in the second quarter of 2027, the contract will be performed by one of the company’s two NG16000X Wind Turbine Installation Vessels(WTIV) currently under construction at Hanwha Ocean.

Including mobilization and demobilization, the engagement is expected to be between 180 and 210 days and generate approximately $73 million to $84 million of gross revenue. Project costs are expected to be $8 million in aggregate.

Eneti’s under-construction jack-up units are an NG-16000X design by GustoMSC and include a 2,600-ton leg encircling cranes to be supplied by the Dutch crane maker Huisman. The vessels will be capable of installing up to 20-megawatt turbines at depths of up to 65 meters of water, and they can be adapted to operate on the alternate fuels of liquefied natural gas (LNG) or ammonia.

This is not the first time that Eneti has placed orders with Hanwha Ocean for wind turbine installation vessels. in May 2021, Eneti signed a contract with Daewoo Shipbuilding & Marine Engineering for the construction of 1+1 wind turbine installation vessels with a price tag of US$330 million for the first vessel, and the alternative order came into effect in December of the same year at a cost of US$326 million. Eneti chose to place another shipbuilding order with Hanwha Ocean based on its expertise in the construction of offshore wind turbine vessels.

Yangzijiang Shipbuilding

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