NYK Begins to Bareboat Charter Transfer Vessel in Offshore Wind Industry

Source: www.gulfoilandgas.com 3/17/2022, Location: Europe

NYK has begun to bareboat charter a crew transfer vessel (CTV)* to service offshore wind farms with Northern Offshore Services AS (NOS), a subsidiary of the Sweden-based Northern Offshore Group AB (NOG). The CTV, which is named Energizer, is owned by NYK and is being chartered to NOS through a long-term bareboat charter contract* to transfer crews to offshore wind power stations, mainly in Europe, under the operation of NOS.

NOG operates about 60 CTVs in the offshore wind power market in Europe, and NYK and NOG signed an MoU in December 2019 to explore a CTV business related to offshore wind power generation. This bareboat charter contract is a partial development of that MoU and will be the first CTV owned by NYK.

As an owner of a CTV and participant in this business, NYK will dispatch its marine engineers to NOS to engage in operation and ship management in order to gain the leading European knowledge in offshore wind power generation.

In addition, NYK is preparing to expand its domestic CTV business by strengthening cooperation with partners in each region, such as collaboration with Akita Eisen KK, which is the only towing company in Japanís Akita prefecture, and a cooperation agreement with Akita Prefecture.

We will continue to aim to contribute to the spread of offshore wind power generation through the CTV business in cooperation with NOG.

On February 3, 2021, NYK released the NYK Group ESG Story, which aims to further integrate ESG into the companyís management strategy and promotes activities that contribute to the achievement of the SDGs (Sustainable Development Goals) through business activities, including the offshore wind business. To strongly promote ESG management, the NYK Group will encourage new value creation as a sustainable solution provider through a business strategy that includes efforts to contribute to the renewable energy business in Japan and overseas.

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