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J.P. Morgan and Havfram announce new series WTIVs

Written by Nick Blenkey
WTIV in actiom

Image: Havfram

In cooperation with Norway’s Havfram AS, institutional investors advised by J.P. Morgan Global Alternatives have signed a letter of intent with Chinese shipbuilder CIMC-Raffles for a series of next generation, state-of-the-art wind turbine installation vessels (WTIVs).

The first vessels will be built at CIMC-Raffle’s Yantai yard in China for delivery in 2024. The plan is to operate several vessels in the global offshore wind market with both traditional jack-ups for turbine installation as well as what’s described as “a cost-effective feeder-solution for the U.S. market in particular.”

Havfram says the WTIVs have been designed and created by an experienced offshore wind team focusing on installation efficiency, in partnership with Gusto MSC as ship designer and in close collaboration with leading offshore wind developers and turbine suppliers.

The design includes green technologies and lessons learned from more than a decade of experience from WTIV operations and offshore wind construction.

J.P. Morgan’s Global Transportation group is an active developer, owner and operator of a broad range of air, sea, and land-based transportation assets that includes a fleet of over 100 vessels, the group brings a deep knowledge base to bear in all shipping sectors.

J.P. Morgan and Havfram announce new series WTIVsImage: Havfram
Categories: News, Offshore WindTags: Havfram, J.P. Morgan, offshore wind, wind turbine installation vessel, WTIV
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Read source:  https://www.marinelog.com/offshore/offshore-wind/j-p-morgan-and-havfram-announce-series-wtiv/

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