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An impression of the CSV vessel

Eidesvik to build first methanol-powered vessel for subsea

OSLO, February 19, 2024

Norwegian shipowner Eidesvik Offshore has joined forces with Agalas to build a state-of-the-art Construction Support Vessel (CSV) to perform subsea and offshore wind operations. 
 
Equipped with methanol engines and a battery hybrid system the vessel will be the world’s most environment-friendly vessel within its operating segments.
 
The vessel will be owned by an entity to be named Eidsvik Agalas AS, with Eidesvik retaining a majority stake of 50.1%. The remaining shares will be owned by Northern Norway shipowners Agalas. In addition, Eidesvik Agalas AS has been granted options for 4 additional vessels.  
 
Emission-reducing technology
Eidesvik has a long history as a pioneer in demonstrating new emission-reducing technology. The company was a first mover within the adoption of LNG and battery technology in offshore vessels. 
 
With its newest addition to the fleet, Eidesvik will once again push boundaries with the introduction of the world's most eco-friendly vessel within its operating segments. Incorporating cutting-edge technology, the vessel will feature a battery hybrid system alongside dual fuel gensets capable of operating on either methanol or MGO. This groundbreaking design not only signifies a significant leap forward in environmental sustainability but also sets a new standard for the industry. The vessel is set to be built at the Sefine Shipyard in Turkey with delivery in early 2026. 
 
The newbuild will be equipped to perform inspection, maintenance and repair (IMR) work. Upon delivery she will enter into a 3 to 5-year time charter with Reach Subsea.  Full management of the vessel, including crewing, will be provided by Eidesvik. 
 
“This new asset aligns perfectly with our strategy, which is founded on sustainable shipping solutions and long-term partnerships with our clients. The versatile vessel is designed to meet the demands of both the oil & gas sector and the offshore wind industry. This flexibility increases our capabilities and competitiveness in the future energy mix,” says CEO & President of Eidesvik Offshore, Gitte Gard Talmo.
 
Right timing
Eidesvik and Agalas see the timing for the vessel as excellent, as demand for vessels in the subsea market is about to outpace supply. The companies further expect significant growth in offshore wind this decade.
 
Mats Nygaard Johnsen, CEO of Agalas, said: "Teaming up with Eidesvik on this opportunity allows us to combine the strengths of two Norwegian shipowners and create a world-leading vessel that integrates functionality, green technology, and highly skilled personnel."
 
A state-of-the art subsea vessel
Together with designer NSK Ship Design, Agalas has developed a highly flexible vessel with state-of-the-art design, comfort and capabilities. She measures 99.9 metres in overall length with a breadth of 21 metres and can accommodate 100 people. Equipped with a 150-metric tonne heave-compensated crane and a spacious deck area of approximately 900 sq m she is well-suited for conducting IMR and construction work.--TradeArabia News Service
 



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