Page 21: of Offshore Engineer Magazine (May/Jun 2024)

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MARKETS FLOATING WIND has basically been no large anchor handling vessel ordering

Is a Spike in New Building Coming?

since 2014, including the last big vessels delivered in 2018-

New building of vessels suited to effcient foating wind 20. This asset class is seeing increasing demand from oil & construction is needed.

gas work and was generally not built with foating wind in

Increasing utilization and competition for key vessels is mind and so most vessels can be classed as suboptimal for translating to higher rates and, at least for subsea vessels, foating wind.

ordering.

Subsea vessels are being used to support oil & gas and

However, barriers to vessel FID still exist through tech- bottom-fxed offshore wind vessels. Utilization in the seg- nical, regulatory, and fnancial uncertainties. Until these ment is high and there has not been some new building barriers are cleared, vessel ordering will remain low and activity, with orders placed for at least three new subsea impact on foating wind projects.

vessels with 250 tonnes AHC cranes, the minimum re-

In closing, we wish to extend the debate from hard- quired for foating wind projects.

ware issues (vessels) and talk about the software (peo-

As with bottom-fxed wind, foating wind projects will ple). Attracting and retaining the next generation of be supported by walk-to-work vessels (CSOVs or MPS- talent and building suffcient technical competence in a

Vs and PSVs with active heave compensated gangways), timely manner is a key industry challenge and one that

CTVs and other support OSVs.

needs every bit as much attention as the vessel numbers and capabilities.

Vector Offshore NDB System

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• Extensive automatic fault monitoring, with 256 event log, for faster troubleshooting.

Learn more at nautelnav.com/offshoreNDB

MAy/june 2024 OFFSHORE ENGINEER 21