Ulstein Verft signed JP Morgan Asset Management contract for offshore wind construction services, including green methanol & hybrid battery options.
Shipbuilding company Ulstein Verft is expanding its construction activities of offshore wind construction service operation vessels (CSOVs) with contracts signed with J.P. Morgan Asset Management.
In 2023, Ulstein Verft received the order from Bernhard Schulte Offshore for the design and construction of two CSOVs, in a contract that included options for two further vessels. These options were later transferred to institutional investors advised by J.P. Morgan Asset Management, who assumed responsibility for the construction of Ulstein's first two ships. The CSOVs commissioned by Bernhard Schulte Offshore and J.P. Morgan Asset Management will be instrumental in the expansion of renewable energy operations in Europe, forming part of the offshore wind sector news.
Ulstein Expanding its Presence in the Offshore Wind Maintenance Sector
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‘We are extremely excited to grow our existing presence in the offshore wind maintenance sector. The expansion of these next-generation CSOVs will be instrumental in driving the development and delivery of renewable energy, significantly contributing to the energy decarbonization global,’ said Andrian Dacy, global head of J.P. Morgan Asset Management’s Global Transportation Group.
‘The offshore wind industry plays a crucial role in achieving climate goals and we believe our highly fuel-efficient ships will be essential assets in this mission,’ added Ulstein CEO Gunvor Ulstein.
The ships, from the ULSTEIN SX222 project, have a wide, centralized corridor, with compensated movement, and an elevator tower for transferring personnel and cargo. In total, the ships will have capacity to accommodate 132 people. Furthermore, a crane 3D plywood with capacity to lift 5 ton offshore cargo will be installed. The vessels are 89,6 meters long and have a beam of 19,2 meters.
Ulstein and the Shipbuilding Industry for Renewable Energy
These new ships will mark a significant step in Ulstein's commitment to moving the shipbuilding industry towards renewable energy. Through our partnership with Bernhard Schulte Offshore, we are elevating our operations to meet the growing demands for innovative solutions in the offshore wind sector.
Ulstein continues to set new standards in the shipbuilding industry by offering options advanced technologies that meet the requirements of investors in terms of capacity, sustainability and efficiency. Additionally, we are committed to advancing green technologies such as hybrid battery e green methanol, to boost energy decarbonization and contribute to a climate more sustainable.
The Ulstein SX222 and the Future of the Offshore Wind Industry
The ULSTEIN SX222 project represents a major technological advance in shipbuilding, offering innovative solutions for carrying out offshore wind construction service operations. Ulstein is leading the way in meeting the growing demand for offshore wind activity in Europe and around the world.
With Ulstein's commitment to moving the shipbuilding industry towards renewable energy, the company is uniquely positioned in the market, offering high-quality vessels and advanced operability to meet the ever-evolving needs of the offshore wind sector. This launch marks the beginning of a new era in shipbuilding, reinforcing Ulstein's key role in transforming the renewable energy sector.
Ulstein continues to advance at the forefront of innovation, shaping the future of shipbuilding and redefining the possibilities for renewable energy globally. With the introduction of the ULSTEIN SX222, the company is setting a new standard of excellence that will drive progress towards a cleaner, more sustainable energy future.
Ulstein and Bernhard Schulte Offshore: Strategic Partnership for Sustainable Shipbuilding
The strategic collaboration between Ulstein and Bernhard Schulte Offshore further strengthens both companies' commitment to innovation and sustainability. Together, they are defining a new paradigm in shipbuilding for renewable energy, stimulating joint ventures that drive the transformation of the offshore wind sector.
The partnership between Ulstein and Bernhard Schulte Offshore aims to offer tailored solutions to meet the growing demand for efficient and environmentally responsible vessels, leveraging existing capabilities and driving the offshore wind industry's advancement towards a cleaner, more sustainable energy future.
