Ulstein, J.P. Morgan Sign Build Contracts for Offshore Farm CSOVs 

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Ulstein has signed new build contracts with J.P. Morgan for two offshore wind farm Construction Service Operation Vessels (CSOVs), which have been entered into on behalf of institutional investors advised by J.P. Morgan Asset Management.

The vessels will be equipped with a hybrid battery propulsion system and be prepared for green methanol fuel to enable carbon-neutral operations, says the company. The ships have a walk-to-work motion-compensated gangway and elevator tower, along with a 3D compensated crane capable of 5-ton-offshore-cargo lifts. 

The ships are 89.6m long and have a beam of 19.2 m, with the ability to accommodate 132 people. 


Last year,Bernhard Schulte Offshore ordered the design and construction of two such vessels from Ulstein, a contract which included options for two + two vessels. These options have been transferred to institutional investors advised by J.P. Morgan Asset Management, who declared the first two. 

“We are excited to add to our existing presence in the offshore wind maintenance sector,” says J.P. Morgan Asset Management’s Andrian Dacy. “These latest technology construction service operation vessels will play a critical role in the development and delivery of renewable energy and global energy decarbonization.” 

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