3 New Contracts and Reservation Agreements

Source: www.gulfoilandgas.com 1/4/2022, Location: Europe

We have signed 3 new contracts and reservation agreements with a combined revenue of up to EUR 80m. Fred. Olsen Windcarrier (FOWIC) has recently executed three new contracts and reservation agreements with a combined revenue of up to EUR 80m. The contracts will cover approximately 300 days in 2022 and 200 days in 2023, in both Europe and APAC. Two contracts are linked to projects where FOWIC is already involved. Following these new contracts, FOWIC’s total revenue backlog stands at approx. EUR 355m of which 18% is linked to options. The yearly distribution of the backlog is 2022: EUR 152m, 2023: EUR 126m and 2024: EUR 77m.

In accordance with the previously announced vessel upgrade program, a firm order for a new 1600t crane for Brave Tern is now placed with Huisman. The installation on the vessel is expected to be completed in 2024. Separately, ongoing installation and upgrade work on Bold Tern at Keppel Fels is progressing according to plan and budget. The upgrade program will secure continued strong competitiveness of FOWIC’s three existing vessels also for the next generations of turbines coming to the market.


Finland >>  6/30/2022 - The newest generation of LOGLIFT forestry cranes from Hiab, a division of Cargotec, offers better performance, increased safety, and increased uptime....
Finland >>  6/22/2022 - MacGregor, part of Cargotec, has signed a two-year OnWatch Scout agreement and has been selected to supply spare parts and services for the Offshore S...

United Kingdom >>  6/21/2022 - Kalmar, part of Cargotec, is to supply 12 diesel-electric straddle carriers to Forth Ports Limited. Seven of the machines will be operated at the Lond...
Czech Republic >>  6/17/2022 - Last week, Huisman and BMS Heavy Cranes kicked-off the production of a 3,000mt Ringer Crane during a ceremony at Huisman’s production facility in the ...

Italy >>  6/13/2022 - The FHP Group has ordered an eco-efficient Generation 6 Konecranes Gottwald Mobile Harbor Crane for their Multi Service Terminal in the Marghera Port ...
United Kingdom >>  6/10/2022 - Brimmond Group recognise that current long lead times for new marine cranes from all manufactures are causing issue for our clients.

As the...





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