Page 21: of Offshore Engineer Magazine (Jan/Feb 2023)

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MARKETS FLOATING OFFSHORE WIND cent new building activity due to poor market conditions in the core oil and gas sector, with only ?ve large anchor handlers delivered in the last ?ve years. Oil and gas activ- ity is currently picking up, reducing available supply. The challenge is accentuated by an aging ?eet, much of which becomes technically uncompetitive by 2030. As a result, our forecast identi?es a large anchor handler shortage of around 30 vessels after 2030.

Newbuilding prices for large anchor handlers were around $80-85 million in 2015/16, when large anchor handlers were last contracted. Since then, there has been limited activity to guide price estimates. However, a capi- tal cost estimate of at least $100 million per vessel seems reasonable, meaning that potentially $3 billion will be in- vested in new built optimal anchor handlers to meet ?oat- ing wind demand.

Courtesy Intelatus

Courtesy Intelatus january/february 2023 OFFSHORE ENGINEER 21