U.S.-based Crowley and ESVAGT, headquartered in Esbjerg, Denmark, have signed additional joint venture agreements that will further strengthen their commitment to support purpose-built, Jones Act vessels to support U.S. offshore wind production.
The new agreements, which follow the original agreement between the companies in 2021, will further support their joint efforts in service operation vessels (SOVs), with the latest additions focussing on the financial and development efficiencies in the vessel development process between the companies.
The original venture was created to develop a best-in-class design and deliver wind-dedicated, U.S-flag SOVs. Crowley will own and operate the vessels while ESVAGT, a leading SOV operator in Europe, will provide technical advice on the design, construction, and operation. Both Crowley and ESVAGT will share in the financials.
“The enhancement of this venture will help bring these important service operation vessels to the U.S. offshore wind market to meet the nation’s clean, sustainable energy demands,” said Jeff Andreini, vice president, Crowley Wind Services. “As we increase our organizations’ shared capabilities, we will help propel the continued growth of maritime and logistics solutions to help solve the nation’s vessel capacity demands in a responsible and sustainable way.”
As a pioneer of the SOV concept in Europe, ESVAGT has gained experience in safely transferring personnel to offshore wind farm installations from SOVs, claiming more than 250,000 personnel transfers annually.
“ESVAGT is proud to be an active player supporting our customers in the green transition. Crowley and ESVAGT share an ambition for a sustainable future, and we’re committed to take the lead in decarbonizing the maritime industry,” says Peter Lytzen, CEO, ESVAGT. “We’re delighted and proud to be a first mover of emission-free SOV’s and have ordered the world’s first e-Methanol driven SOV to be delivered in 2024,” referring to the e-methanol-fueled vessel its constructing with Ørsted for UK operations. “Only through innovative solutions and commercial courage it is possible to overcome the threatening climate change”.
Weekly Insights from the Helm
Dive into a sea of information with our meticulously curated weekly “Dispatch” email. It’s more than just a newsletter; it’s your personal maritime briefing.