European Company Building Wind Installation Vessel

A subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned by Bonheur ASA and Ganger Rolf ASA, has entered into a contract for an installation vessel for offshore wind turbines with the Belgian offshore company GeoSea NV.

The duration of the contract is six months, with scheduled commencement in June 2012. The contract is valued at approximately 27.5 million euros. The vessel is currently under construction at the Lamprell shipyard in Dubai, and delivery is scheduled for the second quarter of 2012.

SOURCE: Ganger Rolf ASA

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