Integrated Wind Solutions (IWS) subsidiary IWS Fleet has ordered four Skywalker-class commissioning service operation vessels (CSOVs) for a combined firm yard price of around $301 million (€260 million), expanding its owned fleet
Integrated Wind Solutions (IWS) subsidiary IWS Fleet has ordered four Skywalker-class commissioning service operation vessels (CSOVs) for a combined firm yard price of around $301 million (€260 million), expanding its owned fleet from six to 10 CSOVs.
The four vessels, priced at around $75 million (€65 million) each, will be built by Nantong Rainbow Offshore & Engineering Equipment and delivered in 2029 and 2030 under fixed-price turnkey contracts.
IWS Fleet has also secured options for another four vessels at the same firm prices, with deliveries scheduled for 2030 and 2031, subject to certain adjustments for foreign exchange rates and key sub-suppliers.
The newbuilds will be based on a Kongsberg Maritime design and equipped with three-dimensional motion-compensated cranes and gangway systems supplied by MacGregor Norway.
IWS plans to finance the four firm vessels through a combination of operating cash flow and additional debt, without raising new equity, while maintaining its ordinary quarterly dividend in line with its dividend policy.
Payments will be made in instalments during construction, with the remaining 50% due on delivery. The final financing structure will depend on market conditions, liquidity, operating cash flow and debt capacity.
“Building on the success of our Skywalker class vessels, we are
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