Page 32: of Maritime Reporter Magazine (January 2022)

REPAIR & CONVERSION OFFSHORE WIND lantic Wind Transfers’ (AWT) Atlantic Pioneer (built 2016), tery power. Harvey Gulf, like many offshore oil mainstays, as well as Atlantic Endeavor (built 2021), serving offshore has also been looking at the offshore wind sector. Verrett em-

Virginia. The yard has recently received an order for four phasized the impacts of in? ation, with economy-wide price more CTVs from American Offshore Services (a joint venture increases rivaling those not seen in decades. He asked rhetori- between Northern Offshore, from Sweden, and a company cally: “Look, newbuilds are always better, because you get to tied to Galliano, La.-based Crosby Tugs). build exactly what you want. You get to arrange it the way you

The vessels, which will serve various windfarms offshore want. It’s generally more functional and more ef? cient, but at

East Coast, are described as “hybrid-ready,” providing future what cost?” He offered some practicality, in the discussion, retro? t opportunities for a U.S. yard. Gladding Hearn, a south opining that: “Give me a list of things you want to do, and let

Massachusetts yard with expertise in building passenger fer- me come up with a solution. I think everybody in this room ries, recently announced that it will build a hybrid battery die- knows what the current cost to build a U.S. ? ag Jones Act sel electric CTV for May? ower Wind ( a windfarm in Atlantic compliant SOV is, and I don’t think any project can support a waters 30 miles south of Nantucket Sound). The vessel, with an rated return based around a $100+ million asset.”

Incat Crowther catamaran design, would work out of Fall Riv- Verret pointed out the mismatch between short term em- er, not far from Gladding Hearn’s location in Somerset, Mass. ployment and long-term capital costs: “…it’s hard for an own- er to build an asset for short term, without understanding that

Show Me the Money over the duration of time, we’re going to recoup all those costs

As expected, economics will in? uence most decisions. The and make money … ” but also noted, “I don’t think that ship-

ABS panel, in New Orleans, also included Harvey Gulf Inter- yard pricing is going to stay the way it is. I don’t think price national Marine’s Chad Verret, who has had experience with of steel is going to be four times higher than it was two years retro? tting PSVs (used in the offshore oil and gas sector) that ago. So maybe we just need to take a pause and let things were originally dual fueled (diesel and LNG), adding bat- work its way back to normality.”

The WindServe Odyssey newbuild built by Senesco.

Photo courtesy WindServe Marine 32 Maritime Reporter & Engineering News • January 2022

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