Havfram and J.P. Morgan unveil installation vessel plans

4C Offshore | Tom Russell
By: 23/11/2021 Havfram
Institutional investors advised by J.P. Morgan Global Alternatives, in cooperation with Havfram AS, have signed a letter of intent with CIMC-Raffles to build a series of 'next generation' wind turbine installation vessels (WTIV). These vessels will be offered for market entry in 2024.

The first vessels will be built at CIMC-Raffle's Yantai yard in China for delivery in 2024. The plan is for Havfram to operate several vessels in the global offshore wind market with both traditional jack-ups for turbine installation as well as a feeder-solution for the US market in particular.

The WTIVs have been designed in partnership with Gusto MSC as ship designer and in close collaboration with offshore wind developers and turbine suppliers. The design includes green technologies.

Havfram, headquartered in Stavanger, Norway, is an offshore energy construction company. It has offices in Oslo, Houston, Aberdeen, Perth and Dubai and close to 300 employees.