General – New IMR Vessel
Eidesvik Offshore, together with Norwegian shipowner Agalas, has entered into an agreement to build a new construction support vessel (CSV), which is on charter with Reach Subsea.
The newbuild will be equipped to perform inspection, maintenance and repair (IMR) work for subsea and offshore wind markets.
Equipped with methanol engines and a battery hybrid system, the vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the majority owner with 50.1%.
The remaining shares will be owned by Northern Norway shipowners Agalas.
Planned delivery for the vessel is early 2026, with an estimated build cost of $87.7 million (€ 81.5 million).
In addition, Eidesvik Agalas AS has been granted options for 4 additional vessels.
Upon completion the vessel is scheduled to commence on a 3 to 5-year time charter with Reach Subsea.
Eidsvik will have full management of the vessel, which is set to be built at the Sefine Shipyard in Turkey, the company said.
