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Fugro expands geotechnical fleet with purchase of two vessels

Sunday, February 26 2023

General – Geotechnical Vessels

Fugro has reached agreement to acquire two platform supply vessels, Topaz Endurance and Topaz Energy, both built in 2015, which will be repurposed to geotechnical vessels.

The offshore renewable energy market continues to grow rapidly, leading to high demand for Fugro’s services and strong backlog growth.

For the foreseeable future, marine geotechnical services will not be executed by uncrewed platforms. Fugro maintains its uncrewed vessel strategy and net zero emissions roadmap.

Securing long-term capacity is critical in order to capture the growth, in particular in the global offshore wind market. Charter rates have been increasing and the vessel market is expected to remain tight. With the purchase of these strategic assets Fugro will maintain a balanced vessel portfolio while keeping flexibility towards the future.

The purchase of these core strategic assets also supports Fugro’s net zero 2035 roadmap, as the vessels are significantly more energy efficient than Fugro’s current fleet and offer options for hybrid conversions and/or alternative marine fuels in the future.

Related posts:

  1. Fugro adds two geotechnical vessels to its fleet
  2. Fugro secures Med Wind floating wind farm survey in Italy
  3. Fugro adds new vessel for geotechnical site investigations
  4. Fugro to carry out wind measurement campaigns for Danish OWFs

Filed Under: Fugro, Geotechnical, International projects Tagged With: fleet expansion, fugro, Geotechnical service

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