VARD Enters Renewable Energy Sector

SOV for Ta San Shang Marine MOL and TTM

VARD, Fincantieri’s subsidiary, signed a new contract for the design and construction of one Service Operation Vessel (SOV) for Ta San Shang Marine Co., Ltd., a joint venture between Mitsui O.S.K. Lines Ltd. (MOL) and Ta Tong Marine Co., Ltd. (TTM).

The vessel – the first one to be built for the Asian market - will operate by performing maintenance operations with the Greater Changhua Wind Farms by Ørsted, a Danish Group.

After the contract for a new fish farming unit, earlier in the motnh today’s order is another step of VARD's diversification strategy as it marks the entrance of the company into the promising sector of renewable energy, according to the company.

The offshore renewables sector is undergoing a geographical expansion phase, becoming a worldwide market after being a mostly European-based industry. VARD has already developed several concepts of these units and will be able to take advantage of the trend of growing initiatives in the renewable energy space, with increasing activity both in Asia and North America as well as the continuing high investments in Europe.

Cruise Industry News Email Alerts

 

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

105 Ships | 217,624 Berths | $62 Billion | View

New 2021 Drydock Report

Cruise Industry News Drydock Report

Highlights:

Market Overview

100 Pages

Full Intelligence

2021-2023

Best Practices

Full Coverage

Order Today

All New Executive Guide

Cruise Executive Guide 2021

Highlights:

Reach the Lines

New for 2021

All Brands

New Companies

Decision Makers

Instant Download

Order Today