Eneti Inc. says its Seajacks UK Ltd. wholly-owned subsidiary, a provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to transport and install turbines.
With mobilization commencing in the second quarter of 2027, the contract will be performed by one of the company’s two NG16000X wind turbine installation vessels currently under construction at Hanwha Ocean in South Korea.
Inclusive of mobilization and demobilization, the engagement is expected to be between 180 and 210 days.
“This contract emphasizes our position that market fundamentals remain strong,” comments Emanuele Lauro, CEO of Eneti. “As with our previous new-building contract, we have secured optionality in providing either of our new buildings to service the contract, which maximizes vessel utilization and generates accretive cash flows.”
“Ocean Spray 3033” by Joanna Lee Osborn is licensed under CC BY 2.0