Island Offshore Nets $55M Worth of Vessel Deals

Tuesday, March 15, 2022

Island Offshore, a Norwegian offshore vessel owner, said Monday it had won several important vessel deals worth around $55,4M in the first few months of the year, with 25 vessels currently employed.

According to the vessel owner, the total value of awarded contracts is approx. NOK 500 million (around $55,43 million) and as of March, 60% of available days in 2022 are sold out.

Island Offshore said that the charters covered employment across segments including platform supply vessels, anchor handling, subsea, offshore wind, and light well intervention. 

"The international market development is particularly positive," Island Offshore said. The company did not say who the clients were, nor which vessels exactly had secured the deals.

"We are extremely pleased with the trust shown in us by our customers. These contracts evidence a continued market recovery despite the current international instability following the conflict in Ukraine," states Managing Director Tommy Walaunet, the company said.

Categories: Offshore Energy Vessels Offshore Wind Activity

Related Stories

DEME to Install Foundations at Zeevonk Offshore Wind Farm

Cadeler Welcomes Wind Ace WTIV to its Fleet

Windcat, Ørsted Extend CTV Partnership

Current News

Bureau Veritas Gives Blessing to Seatrium’s 30MW Floating Data Center

Nauticus Unveils Next-Gen Electric Manipulator for AUVs

Keppel Launches $2.9B Program to Monetize Legacy Offshore Drilling Rigs

Talos Energy Farms Into Mexico’s Offshore Oil Block via Repsol Deal

Subscribe for OE Digital E‑News