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Pelagic Partners bolsters fleet with CSOV order

By: Tom Russell 09/11/2022 Pelagic Partners

General Logistics Vessels

Pelagic Partners, as part of its third compartment under the name “Pelagic Wind Fund”, has inked an agreement for 2+2+2 newbuild Commissioning Service Operation Vessels (‘CSOVs’) with Cochin Shipyard in India.

The order has a value of over €350 million and the vessels are expected to be delivered in Q1 2025. The signing of the agreement that took place in Cochin, India where executives from Pelagic Partners, Pelagic Wind Services and Cochin Shipyard launched the new partnership.

Further to the assets, Pelagic Partners has established Pelagic Wind Services (PWS) which will be the exclusive Commercial and Technical Manager for the fleet.

Managing Director of PWS, Andre Groeneveld, states: “The newbuild vessels have major differentiating points such as a significantly increased DP capability, highly efficient Methanol-ready genset and a fully electric autonomous gangway with large crane capacity. These assets will allow us to make a huge step towards our overall aim to become the leading provider of sustainable services for the Renewables sector with a zero-emission footprint from A to Z.”

Established as a dedicated platform to serve the Offshore Wind sector, the Pelagic Wind Fund aims to add further second-hand assets to the fleet to become a key player in this growing industry.

Dr Niels Hartmann, one of the Founding Member of Pelagic Partners, said: “It is exciting for us to enter into this new segment of cutting-edge, truly green Offshore Wind Supply Vessels. We are convinced to enter this market at a good time and to be able to position ourselves as a key player and trusted partner for the Offshore Wind industry.”

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Pelagic Partners bolsters fleet with CSOV order

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