Vessel Incidents Cause Issue in China; JUB to Patch Gap

In: EquipmentVesselsWindfarms
Two recent vessel accidents apply pressure to the already tight construction schedules in China, the fastest growing offshore wind market.

A major incident during monopile installation was reported at
CGN Shanwei Houhu. The crane boom of installation vessel Yu Hang Qi Zhong 58 collapsed during piling, due to suspected damage to a key component of the lifting brake.

This is the second major vessel issue in China this summer;
earlier in June new build jack up Zhen Jiang suffered engine flooding when leg extraction failed, and was subsequently scrapped.

previously reported, China is facing a period of rapid growth due to a 2021 completion deadline for receiving attractive subsidy. This has led to significant pressure especially on the installation supply chain, and loss of two key vessels will prove costly to project developers.

Meanwhile, Jack Up Barge (JUB) announced yesterday that jack up JB-118 has been sold to Chinese owners to operate in the offshore wind industry. Equipped with a 1000t crane, JB-118 will be able to assist with turbine and light foundation installation campaigns and will go some way toward easing construction pressure.

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