Fred. Olsen Windcarrier has made an agreement with the Seafox International Group for the acquisition of a 51% ownership in the jack-up vessel Seafox 5.
By this move, Fred. Olsen Windcarrier will include this vessel under its commercial, technical and administrative management as an integral part of their fleet of jack-up vessels for offshore wind. Singapore-based Keppel Offshore and Marine Ltd. indirectly owns the remaining 49% of the vessel.
“We very much look forward to welcoming Seafox 5 to the Fred. Olsen Windcarrier fleet. Seafox 5 is a highly capable vessel well suited to operate in the deepest waters and towards the most challenging offshore wind farms emerging in Europe, Asia and the U.S.,” said Even Larsen, CEO of Fred. Olsen Ocean, the parent company of Fred. Olsen Windcarrier. “To us, this marks an important investment and the vessel will be a perfect supplement to our current fleet. We believe in offshore wind and this acquisition further strengthens our position in the growing global offshore wind market. For the Seafox 5 we look forward to partner up with Keppel Offshore and Marine Ltd., a highly reputable player within offshore marine solutions.”
Seafox 5 will join the fleet by the end of the year, and the first job for the vessel under the Fred. Olsen flag will be the Hohe See project in 2019, where it will work side-by-side with the Brave Tern.