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Fred Olsen News

20 Sep 2023

Portugal and Norway Team Up on Floating Offshore Wind

Source: Norwegian Offshore Wind

The Portuguese cluster Forum Oceano and Norwegian Offshore Wind have signed a Memorandum of Understanding (MoU) to strengthen collaboration between the supply chains in the two countries.The MoU aims to lay the ground work for new contracts between companies from the two countries.The agreement was signed at a reception this week, during a visit to Portugal organized by Norwegian Offshore Wind and The Norwegian Embassy in Portugal.Forum Oceano and Norwegian Offshore Wind both focus on developing a strong supply chain in floating offshore wind.

01 Jun 2023

Follow the Money: Norway is Fertile Grounds for Shipping Projects

Image courtesy Oslo Børs

With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs, part of Europe’s largest stock exchange group…

02 Feb 2022

Demand for Vessels Capable of Installing Giant Offshore Wind Turbines to Outpace Supply by 2024, Rystad Says

Europe’s first commercial 10 MW turbine was installed in December 2021 at Scotland’s Seagreen offshore wind farm by Cadeler’s Wind Osprey.©SSE Renewables

Offshore wind turbine makers have been working to build increasingly bigger turbines, and the likes of GE, Siemens Gamesa, Vestas, and MingYang have in the past two years or so unveiled designs for giant 14-16MW rated units.It has been said that larger turbines, while more expensive per unit, reduce the overall cost of large-scale offshore wind farm development due to their being more modern and efficient, as well as leading to fewer units being required for offshore wind projects…

31 Aug 2020

Ocean Installer, Vard Working on 'Most Advanced' Offshore Wind Installation Vessel

Credit: Ocean Installer

Ocean Installer, a Norwegian company mostly known for its offshore oil and gas services provider, is increasingly turning towards the offshore wind industry.Following a recent establishment of an offshore wind branch, and the naming of a director to lead it, Ocean Installer on Monday announced it would enter into a partnership with shipbuilder Vard - a Fincantieri company - "to develop one of the world's most advanced turbine installation vessels for offshore wind." Erik Haakonsholm…

25 Aug 2020

Market Report: Global Heavy Lift Vessel Sector

Source: Saipem

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work, the traditional market driver for the heavy-lift fleet in oil and gas, has seen demand fall significantly. According to global figures from IHS Markit’s FieldsBase, 190 fixed platforms were installed in both 2013 and 2014, rising to 219 in 2015.

12 Feb 2020

EDF Buys Stake in Irish Offshore Project

French electricity giant Électricité de France (EDF) is moving into the Irish energy market.EDF Renewables, a subsidiary of the French energy utility, has acquired a 50% stake in the Codling offshore wind project from Hazel Shore, a company linked to the property developer, Johnny Ronan.EDF Renewables will develop and build the project alongside Fred Olsen Renewables, which owns the other 50% stake in 1100MW Codling Wind ParkIt is the first investment by the international energy player in the Republic.The Codling project is located south of Dublin, 13 km off the coast of County Wicklow thus benefiting from the favorable conditions for offshore wind off the east coast of Ireland. The initial development work started in 2003.

25 Oct 2019

Austal Wins New Ferry Order from Molslinjen

Perth-based ship manufacturer, Austal has penned a contract for the design and construction of a 115 meter, high-speed catamaran for Molslinjen of Denmark.The contract worth A$136 million is a follow-up order to the 109 meter high-speed catamaran Express 4, delivered to Molslinjen in January 2019, the new Auto Express 115 will be the largest ferry (by volume) ever built by Austal.The vessel will be fitted with a new generation of medium speed engines that are LNG compatible, and is designed with the potential to upgrade to LNG fuel in the future.Construction will commence in the third quarter of 2020 and delivery of the vessel will be in the first quarter of 2022.

07 Oct 2019

Austal Launches Marinelink-Fleet

Austal has launched a new addition to the proven MARINELINK product range, MARINELINK-Fleet.Building upon Austal’s original, proprietary MARINELINK on-board vessel monitoring, alarm and control system - and recent MARINELINK-Smart application that adds ‘smart ship’ capabilities -MARINELINK-Fleet offers ferry operators a live, integrated view of a fleet’s operating environment, schedule, comfort and fuel performance.MARINELINK-Fleet at the annual Interferry conference in London, Austal’s Technology Development Manager Max van Someren said the new product enables any ferry operator to more effectively monitor their fleet and achieve optimum vessel performance and customer experience.“MARINELINK-Fleet is available to any ferry operator and is suitable for use on any type of ship…

22 Jul 2019

Offshore wind: One-stop power conversion

Optimal outputs: a wind-turbine permanent magnet generator at The Switch in Deyang. Image Courtesy Yaskawa’s The Switch

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to. Yaskawa’s The Switch — a Japanese industrial giant’s European environmental tech business — is offering one-stop wind-energy shopping. As with shipping, you can order permanent magnet generators, drives and converters for your wind turbines. Take heart.

14 Jun 2019

Offshore wind: One-stop Power Conversion

Optimized drive: Fred Olsen Ocean’s Brave Tern. Image: Handout/Fred Olsen

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to. Yaskawa’s The Switch — a Japanese industrial giant’s European environmental tech business — is offering one-stop wind-energy shopping. As with shipping, you can order permanent magnet generators, drives and converters for your wind turbines. Take heart. The lingo is the same.

19 Mar 2019

Cruise Meet at Posidonia Forum

Photo: Posidonia

The biennial Posidonia Sea Tourism Forum will be held from May 28-29, 2019, at the Domotel Kastri Conference Center, in Athens’ northern suburbs. Here there will be more than 30 senior cruise executives responsible for ports and destinations from the world’s biggest cruise lines, including MSC Cruises, Royal Caribbean Cruises, Holland America Group, Disney Cruise Line, Silversea Cruises, Fred Olsen Cruise Lines and Celestyal Cruises among others.Elisabetta De Nardo, VP Port Development…

12 Mar 2019

Fred Olsen Windcarrier Debuts in Taiwan

The offshore wind parks specialist Fred Olsen Windcarrier won its first major deal in the Asian market after being picked to install the 8MW Siemens Gamesa Renewable Energy (SGRE) turbines at the Yunlin offshore wind farm off Taiwan.Fred. Olsen Windcarrier will mobilise one of its special purpose-built jack-up installation vessels in Europe during the spring of 2020 which will head to Asia to start working in this emerging market.“This is a very exciting project as it is the first large transport and installation project in Asia for us. We are glad to have been picked by SGRE as a reliable partner for this new market. The contract will continue to strengthen our relationship with SGRE.

14 Dec 2018

INSIGHTS: Lorry Wagner, Ph.D., President, LEEDCo

Dr. Lorry Wagner has served as president of the Cleveland-based Lake Erie Energy Development Corporation (LEEDCo) since May of 2010.LEEDCo is the public private partnership behind the effort to construct Icebreaker Wind, a 6 turbine 20.7 megawatt offshore wind energy demonstration project in Lake Erie, 8 miles off the shore of Cleveland. LEEDCo has received funding from the U.S. DOE under its Advanced Technology Demonstration Projects award and has partnered with Fred. Olsen Renewables of Norway. Dr.

03 Oct 2018

Austal Starts Building Trimaran Ferry for Fred. Olsen

(Image: Austal)

Shipbuilder Austal said it has commenced construction on the first of two 117-meter high-speed passenger trimaran ferries for Fred. Olsen.Developed in Henderson, Western Australia at Austal’s center of excellence in maritime design, the next-generation vessels will be used by Fred. Olsen Express in the Canary Islands, joining their sister ship, The Benchijigua Express.Capable of transferring over 1,100 passengers and 276 cars at speeds up to 38 knots these vessels will feature…

23 Aug 2018

Cruise Ship Refit: Business Steady at Blohm + Voss

Photo: Blohm + Voss

In many cities where industrial activity is pushed to the fringe, Blohm + Voss on the Elbe is an iconic sybmol in the port city of Hamburg, a shipyard steeped in tradition but fully modernized to handle some of the most complex and high-value ship repair jobs in the world: a developed, ultramodern infrastructure and 421,000 sq. m. of yard.Blohm & Voss has seen it share of market cycles, and following the current long shipping crisis due to low charter rates, the repair backlog…

26 Jul 2018

The Jones Act and Offshore Wind in Light of the Aeolus Energy Announcement

Emily Huggins Jones

As the domestic offshore wind industry comes to life, U.S. flag vessels will necessarily be part of that expanding equation.A potential sea change came with the recent announcement from Aeolus Energy Partners that the renewable installation and operation company was investing in a fleet of Jones Act-compliant vessels dedicated to the offshore wind industry. Long a barrier to entry for foreign and domestic prospectors alike, the Jones Act, a portion of the Merchant Marine Act of 1920…

30 Mar 2018

Fred. Olsen Windcarrier, Seacor Team Up for US Offshore Wind Market

Falcon Global, a subsidiary of Seacor Marine Holdings and Fred. Olsen Windcarrier  a wholly owned subsidiary of Bonheur ASA announced that they have reached a cooperation agreement whereby each party will exclusively contribute vessels and marine/installation crews to the market and operate a full spread of offshore wind installation and feeder vessels for the US offshore wind market. The Falcon Global fleet consists of one of the largest existing US-flag and Jones-Act compliant lift boats in the U.S. With a proven track record of operating in US-waters under harsh environmental conditions, the Falcon Global fleet represents a longstanding tradition of highly competent US-officers and crew. The combination of Fred.

07 Mar 2018

GAC UK wins Fred Olsen Cruise Lines Business

Fred Olsen Cruise Lines' Balmoral at the Port of Tyne. (Photo copyright John Fatkin/Courtesy Fred Olsen Cruise Line & GAC UK)

Fred Olsen Cruise Lines has appointed GAC UK as its agent in Newcastle and Liverpool. Under the deal, GAC will manage 18 calls during 2018 for the 804-guest cruise ship Black Watch at its home port of Liverpool, and a further 16 for the 1,350-guest Balmoral, at its home port of Newcastle. Clare Ward, Director of Product and Customer Service at Fred Olsen Cruise Lines, said: “Turnaround calls are always busy days for everybody involved in the operation, with crew changes, immigration and Customs formalities, stevedoring activity, receipt of supplies and much more all going on at once.

12 Dec 2017

Austal, JR Kyushu Jet Ferry Developing New Vessel Concept

Render of the proposed 80 meter trimaran high speed passenger ferry concept for JR Kyushu Jet Ferry, announced in Japan (Image: Austal)

A Memorandum of Understanding (MOU) between Austal Australia and JR Kyushu Jet Ferry will see the two firms develop a new high speed trimaran passenger ferry concept for JR Kyushu Jet Ferry’s South Korea to Japan service, one of Japan’s busiest international routes. The companies will design and build the 80 meter trimaran based on Austal’s trimaran hull form, with the interior to be developed by leading Japanese designer, Eiji Mitooka of Don Design. The parties will now move toward a contract for the design…

27 Nov 2017

Wind Energy Workboats: A US Offshore Build-up

Pioneers: Block Island, RI, America’s first wind park. (Photo: AWEA/Deepwater Wind)

Block Island — U.S.-based Deepwater Wind’s five-turbine, 30-megawatt wind park — was the first. It showed what was possible, what might not have been optimal and how long it all takes. Since then, incentives for onshore-wind have been curbed, while a tax credit for offshore wind has been extended. Wind parks are in the works. States have power companies buying offshore wind energy, and experienced offshore operators are hiring the new wind-service vessels from elements of their oil-and-gas supply chain. The Jones Act, too, is being overcome by fleet owners and designers joining the U.S.

23 Nov 2017

Austal Opens Up Trimaran Deal with Fred Olsen

Austal’s latest contract announcement for two 117 metre high speed vehicle passenger ferries, for Fred Olsen SA, not only sends a strong signal to the international market that ‘fast ferries are back’, but confirms Austal’s proven trimaran hull design as the most cost effective and highly capable vessel platform to deliver superior seakeeping and schedule performance. The €126million Euro (A$190million) contract, announced at Interferry 2017 in Split Croatia represents Fred Olsen SA’s largest ever ferry order. The two new ferries will add to the ‘Fred Olsen Express’ fleet of 6 vessels that transport more than 2.8 million passengers, 750,000 cars and more than 150,000 heavy vehicles over 5 routes in the Canary Islands each year.

09 Oct 2017

Austal Secures Contract for High-speed Ferries

Two 117m high-speed vehicle passenger ferries to be built by Austal for Fred Olsen S.A. of Spain (Image: Austal)

Austal has announced a milestone contract, valued at €126 million (A$190 million), to design and build two 117 metre high-speed vehicle passenger trimaran ferries for long term customer Fred Olsen S.A. of the Canary Islands, Spain. The aluminium trimarans, designed by Austal Australia, will be the second and third trimarans to be delivered to Fred Olsen S.A. who already operate the world’s first and largest trimaran vehicle passenger ferry, the Benchijigua Express – designed and built by Austal in 2005.

21 Oct 2016

Astican & Astander Continue to Invest

(Photo: Astican & Astander Shipyards)

Astander and Astican are the two busiest privately owned shipyards in Spain carrying out heavy repairs and special conversion projects with a boutique style attitude towards customers. As part of Lavinia Group, which runs a fleet of more than 70 vessels, the shipyard understand the owner´s needs. Astander, in the port of Santander, has more than 140 years’ presence in the international market and has continually modernized and updatd its facilities. The latest investment program…

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