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MARKET UPDATE: Sweden, Denmark and Norway

This month, GRS offshore market analysis brings to you a holistic overview of the Scandinavian countries: Denmark, Norway and Sweden. The graph impressively illustrates the enormous potential the aforementioned countries provide with respect to future offshore wind farm developments. In addition, Denmark as a pioneer in this industry who started building offshore wind farms in the 1990's, already operates approx. 2 GW of installed capacity and features a project pipeline of some additional 3.6 GW. In contrast, Norway as well as Sweden are just getting started to boost their total amount of offshore wind capacity over the next couple of years. Currently, both countries have a comparatively small share of installed capacity. However and as the graph highlights, the future seems to remain bright thus several GW's of upcoming offshore wind farm project capacity will be installed over the forthcoming years that will also incorporate floating offshore wind projects next to traditional bottom fixed technology. Next month GRS market analysis will feature three countries from the other side of the globe.
Stay tuned! If you need in-depth information about market trends, developments, availabilities etc. please do not hesitate to contact Jannis Klar:
T +49 40 411 60 68 22 or M j.klar@grs-offshore.com.

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GRS Team
GRS consults on any type of financial transaction that you might be looking at for your strategic business development. We are able to provide solutions for many financial transactions, be it project financing, due diligence, strategic analyses, restructuring or distressed as well as special situations. Feasibility is always top priority on the list just contact Uwe Schuldt:
T +49 40 411 60 68 32
M u.schuldt@grs-offshore.com

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Jack Up´s
Starting Day Charter Rate
unpropelled: 22.500 EUR
DP<500t crane: 29.500 EUR
DP>500t crane: 37.500 EUR
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Starting Day Charter Rate
<40 ChrtsPax: 18-22.000 EUR
>40 ChrtsPax: 21-27.000 EUR
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Construction Vessel
Starting Day Charter Rate
DP2<50t gear: 11.500 EUR
DP2>100t gear: 16.500 EUR

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Guard Vessel
Starting Day Charter Rate
A-Class: 3.200 EUR
B-Class: 2.500 EUR
C-Class: 2.100 EUR
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Crew Transfer Vessel
Starting Day Charter Rate
12 Pax (12hrs): 2.600 EUR
12 Pax (24hrs): 3.700 EUR
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Platform Supply Vessel (DP2)
Starting Day Charter Rate
Deck <700 sqm: 9.450 EUR
Deck >700 sqm: 9.000 EUR

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Tug #961G

LOA:23.80 m
Beam:8.40 m
20 t
2 Voith-Schneider

Price:350,000 EUR

PSV #664

61.62 m
Beam:14.00 m
Free Deck:
440 sqm
12 kn                 


Price:650,000 USD

CTV #964G

LOA:19.10 m
7.50 m
Speed:24 kn

370,000 EUR

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Les Alizes

Red Rock has received an order to supply three knuckle telescopic offshore cranes for Jan De Nul’s floating installation crane vessel Les Alizés. The vessel is specifically designed for loading, transporting, lifting, and installing offshore wind turbine foundations. Currently under construction at the CMHI Haimen shipyard in China, Les Alizés will be capable of building the newest generation of offshore wind farms once delivered in April 2022. The main features are a main crane of 5,000 tons, a deck loading capacity of 61,000 tons, and a deck space of 9,300 square metres. Les Alizés will be able to load out, transport, and install multiple units of the largest and heaviest wind turbine foundations.


Bokalift 1

Bokalift 1 has been deployed on the Saint-Brieuc offshore wind project in France, where drilling tests are now taking place and will continue throughout September. Ailes Marines, the developer of the 496 MW offshore wind farm, said that the vessel was chartered by Van Oord; the drilling testing campaign began following an agreement with the Prefect of the Côtes d’Armor and the Maritime Prefect. Boskalis’ vessel, which was converted from a Finesse type II heavy transport vessel to a self-propelled DP2 crane vessel in 2018, will carry out drilling tests on three wind turbine locations to help Ailes Marines validate that drilling can take place at the site and that noise impacts on fish species and marine mammals could be minimised.



Heerema Marine Contractors’ semi-submersible crane vessel Sleipnir has installed the six-legged jacket foundation for TenneT’s Hollandse Kust Zuid Alpha offshore substation. Sleipnir transported the jacket to the installation site in the Dutch North Sea and lowered it into position over the weekend. Petrofac is the engineering, procurement, construction and installation (EPCI) contractor for TenneT’s HKZ Alpha and Beta offshore substations, with Eversendai Offshore and Drydocks set to deliver the foundation and the topside for the latter, as well. The HKZ Alpha topside is expected to be installed in the fourth quarter of 2021. HKZ Beta is scheduled for completion in 2022.

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seabed surveys underway for Norfolk duo

A jack-up vessel is working close to shore off a Norfolk beach collecting seabed data to shape the design of Vattenfall’s Norfolk Vanguard and Norfolk Boreas developments. The 500-tonne Haven Seariser 2 is on the nearshore off Happisburgh while its geotechnical engineering team take samples. The rig is a 29-metre-long barge fitted with long support legs jacked down onto the seafloor. It is gathering borehole samples, down to a maximum of 30 metres. The process will build an understanding of seabed sediment layering to decide the installation methodology for the wind farms’ main transmission cables at their landfall at Happisburgh. Several larger vessels are working further offshore carrying out similar sampling in a four-month campaign by geodata experts Fugro. Onshore site investigations have also begun around where the onshore substation will be built near Necton.
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First turbine stands at TPC demonstration project

Jan De Nul’s Offshore jack-up installation vessel Taillevent has installed the first Hitachi turbine onto its jacket foundation for Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration (TPC wind farm). With the first wind turbine installation complete, the project team will proceed with the commissioning process, along with the final termination of the subsea cable inside the tower. The TPC wind farm near Fangyuan, eight kilometres off the West coast of Taiwan, will comprise in total 21 units of 5.2 MW wind turbines, each installed on a jacket with transition piece, anchored to the seabed by four steel pin piles. “The successful installation of the first wind turbine on TPC’s first offshore wind farm is a remarkable achievement and the result of the good cooperation between Jan De Nul and Hitachi. We never lost sight of our goals, even in these unprecedented COVID-19 times. We look forward to producing green energy in Taiwan”, said Philippe Hutse, Director Offshore Division at Jan De Nul Group. 
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SSE to incorporate floating at its 2.3 GW Berwick Bank project

SSE is considering incorporating floating turbines for demonstrative purposes at its 2.3 GW Berwick Bank offshore wind farm, formerly known as Seagreen 2, according to newly published Scoping Reports. The 775 km2 array area is located in the outer Firth of Forth and Firth of Tay, 39.2 km east of the East Lothian coastline. Water depth ranges from 39 to 68 metres (LAT) with an average of 50-60 metres. This week the offshore and onshore Scoping Reports have been submitted to to Marine Scotland and East Lothian Council outlining  initial plans for the project. This Scoping Reports provide an overview of existing data relating to the environment, human and biological impacts, and the proposed methods for carrying out further surveys to complete a required Environmental Impact Assessment (EIA). The report invites consultees to comment on its contents and for Scottish Ministers to publish a Scoping Opinion on current plans.
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Seacat Services orders "greenest CTV on the market"

Seacat Services has ordered two next generation multi-hull crew transfer vessels (CTVs) from naval architects, BAR Technologies, designed in partnership with Chartwell Marine. The UK build and construction of the first vessel expected to be completed by Q1 2022. The new BARTech 30 design will work in tandem with Seacat’s existing vessel and have a focus on reducing emissions. Naval architects BAR Technologies and Chartwell Marine have focused on creating fuel efficiency through a highly optimised multi-hull design, working alongside BAR Technologies’ patented Foil Optimised Stability System (FOSS). They claim this will ultimately this will cut CO2 emissions by up to 600 tonnes per annum if working on a 12 hour shift of operation.These improvements come at no sacrifice to operational performance – with FOSS, the vessel’s ability to reduce pitch and roll while lowering vertical acceleration in 2.5m wave heights. This is of importance as offshore wind farms move further out to sea, requiring vessels to travel further for longer while navigating more challenging conditions.  
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new, energy-efficient and fuel-saving CTVs

A contract for the building of a new, energy-efficient and fuel-saving aluminium vessel for the offshore wind industry was signed, together with an option for three other vessels. The contract involves a special new type of vessel which combines the stability of a catamaran with the speed and fuel efficiency of a monohull. The building of the vessel was at the initiative of Coastwise Offshore Services, the new shipping enterprise owned by Messrs Eelko Wijdieks, Douwe van den Berg and Onno Nienhuis. The project also gives a significant impulse to the province of Groningen. A new, Lauwersoog-based shipping company which applies itself to the offshore wind industry, an innovative, homebuilt vessel, and an investment of € 5 million – the harvest of more than 20 months of enthusiasm, dedication and faith in a lasting future. And the festive climax: the signing of a contract between shipping company COS Master and the Groningen shipbuilder Next Generation Shipyards in Lauwersoog for the building of an offshore service vessel. Harlingen-based SeaZip Offshore Service will be responsible for the commercial management of the vessel.
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Swire Blue Ocean announces vessel investments

Swire Blue Ocean (SBO) intends to order a new vessel with an option for a second new-build, while planning to invest in new cranes for both Pacific Orca and Pacific Osprey. The development comes as the Danish operator prepares for the installation of next-generation wind turbines. “I am proud to announce that our organisation has put in the hard work to understand the challenges the industry faces, and is now equipped to deliver a solution which will prevent a supply chain bottleneck when new turbine models reach the market in the mid-2020s,” said Mikkel Gleerup, CEO of SBO. SBO has shortlisted several shipyards for the order of a new Wind Farm Installation Vessel (WIV). The planning process began in April 2019, and Gleerup is confident that the company has designed a highly competitive asset, able to work on the most difficult sites, with the largest equipment in the industry. The vessel design, created in partnership with GustoMSC, is a bespoke version of the NG-20000X-G design, with multiple customisations based on SBO’s decade of experience in the industry.
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Boskalis has been awarded a contract to transport and install five floating turbines for the Kincardine offshore wind farm in Scotland. This is the company’s first job on a floating wind farm. The contract, with Cobra Wind International, means Boskalis is responsible for getting the MHI Vestas 9.525 MW turbines to the site, 15 km off the Aberdeen coast, and into the water, at 60-80 metre water depths. The heavy anchor handling tug (AHT) BOKA Falcon will commence installing anchors and chains on the seabed this month (September 2020). Meanwhile, Boskalis will deploy another vessel, Fjord, as a semi-submersible barge to transport the steel semi-submersible WindFloat foundations from Ferrol, Spain, to Rotterdam, the Netherlands. These foundations have been manufactured by Navantia-Windar since March 2019. Turbines will be mounted on the foundations in Rotterdam, then towed to the wind farm location.
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Saipem to co-develop Italian wind farm

Saipem has announced plans to co-develop a wind farm in the Adriatic Sea off the coast of Ravenna, Italy. To this end, it has recently signed a Memorandum of Understanding (MoU) with renewables energy companies AGNES and QINT’X. The project will involve the installation of approximately 56 turbines on fixed foundations on the seabed at two different sites: one located more than 8 nautical miles from the shore, and the other more than 12 miles from the shore. The overall installed power will be approximately 450 MW.As part of this project, new technologies will also be used such as floating solar technology based on the proprietary technology of Moss Maritime, which is part of Saipem’s XSIGHT division. The XSIGHT division has already begun developing integrated solutions for using renewable energy and for producing “Green” hydrogen.
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Final Moray East OTM to set sail

The third and final offshore transformer module (OTM) is soon to leave its fabrication yard, sailing to the Moray East offshore wind farm location, 22 km off the coast of Aberdeenshire, Scotland. The final of three OTMs for the project, OSP1 was fabricated and fitted out in Hoboken, Belgium, by Smulders, ENGIE Solutions, and Siemens Energy. Sitting atop three-legged jackets, each OTM will transmit power generated by the wind farm’s 100 turbines to shore. It will transform power from 66 kV to 220 kV for transmission. The transmitted energy will join the national grid and be distributed to domestic and business users. Siemens describes the OTM as “significantly smaller in size and weight compared to conventional alternating current offshore wind platforms”. Siemens used a modular fabrication approach to design OSP1. This approach is a time-saver and a cost-saver and allows a more personalised approach to meet the developer’s needs. 
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GRS Global Renewables Shipbrokers GmbH – Stadthausbrücke 7 – 20355 Hamburg – Managing Partner: Philippe Schönefeld, Matthias Mroß – Court of Registry: Hamburg – Commercial Registry: HRB 119000 – VAT-ID: DE278136733

T.: +49 40 411 60 68 0 / F.: +49 40 411 60 68 99

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