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	<title>Norwegia &#8211; Cargo News Today</title>
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	<title>Norwegia &#8211; Cargo News Today</title>
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		<title>Reach Subsea to Add Two ROV Support Vessels to Its Fleet</title>
		<link>https://cargonewstoday.com/reach-subsea-to-add-two-rov-support-vessels-to-its-fleet/</link>
		
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		<pubDate>Thu, 24 Nov 2022 18:24:18 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[fleet]]></category>
		<category><![CDATA[Norwegia]]></category>
		<category><![CDATA[ROV Support Vessels]]></category>
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					<description><![CDATA[<p>The post <a rel="nofollow" href="https://cargonewstoday.com/reach-subsea-to-add-two-rov-support-vessels-to-its-fleet/">Reach Subsea to Add Two ROV Support Vessels to Its Fleet</a> appeared first on <a rel="nofollow" href="https://cargonewstoday.com">Cargo News Today</a>.</p>
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			<p>Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.</p>
<p>The company said it had secured &#8220;significant vessel capacity for the coming four years&#8221; through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel <strong>Go Electra</strong> with a duration, including options, through 2027.</p>
<p>&#8220;With the favorable terms on the two new vessels, and the existing charters of Havila Subsea and Deep Cygnus, Reach Subsea now has a long-term core fleet portfolio with an estimated 20-30 percent cost advantage compared to the current market. This will be further improved with the launch of the unmanned Reach Remote vessels, set for launch in 2023,&#8221; Reach Subsea said.</p>
<h2>Record high activity &amp; solid outlook</h2>
<p>Jostein Alendal, CEO of Reach Subsea said: “We are currently seeing record high activity and face a market with a solid growth outlook for years to come. Hence, the market for vessel capacity will be very tight, but we are now perfectly positioned to maneuver and take advantage of the growing demand for both short-term and multi-year assignments,” said</p>
<p>The Go Electra charter agreement is for four years firm with an option to extend for one year, with, Reach Subsea said, a highly competitive fixed charter rate and a profit share arrangement.</p>
<p>Also, the company said that the purchase of the Edda Sun vessel represented a new development for Reach Subsea, as the company’s operations have so far been based on chartered vessel capacity.</p>
<p>&#8220;However, the implied charter rate derived from the purchase price on the [Edda Sun] vessel is below the charter rates we are offered on other similar vessels in the market,&#8221; Reach said.</p>
<p>&#8220;In the current market, it is attractive from a cost perspective to own parts of the ROV vessel capacity. Owning the vessel also implies a mitigation of any cost inflation risk in the coming years, as well as being able to credibly cater to our clients growing need for long term solutions,” said Jostein Alendal.</p>
<p>Edda Sun was built in 2009, while Go Electra was built in 2011.</p>
<p>&#8220;They are both highly versatile ROV support vessels, well fit for Reach Subsea’s broad range of subsea survey, inspection and maintenance activities (IMR) as well as construction and decommissioning activities. They are fuel efficient and are capable of operating in harsh weather conditions with low down-time,&#8221; the company said.</p>
<p>Edda Sun will be mobilized with one work-class ROV and one high-speed Surveyor Interceptor in time for the high activity season in the North Sea. Go Electra will be available for Reach Subsea early 2023 and will be mobilized with one work-class ROV and one observation ROV.</p>
<p>&#8220;Settlement of the Edda Sun acquisition will take place in March 2023, and is subject to consent from our banks, and satisfactory vessel inspection. Execution of the Go Electra charter agreement is also subject to satisfactory vessel inspection. Reach Subsea is considering various financing opportunities for the transaction, including debt, equity, partnering, or a combination of these sources,&#8221; the company said.</p>
<div id="attachment_38665" style="width: 732px" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" aria-describedby="caption-attachment-38665" class="size-full wp-image-38665" src="https://cargoworldtoday.com/wp-content/uploads/2022/11/edda-sun-credit-reach-subsea-136956.jpg" alt="https://www.marinelink.com/news/reach-subsea-add-two-rov-support-vessels-501202" width="722" height="463" srcset="https://cargonewstoday.com/wp-content/uploads/2022/11/edda-sun-credit-reach-subsea-136956.jpg 722w, https://cargonewstoday.com/wp-content/uploads/2022/11/edda-sun-credit-reach-subsea-136956-300x192.jpg 300w" sizes="(max-width: 722px) 100vw, 722px" /><p id="caption-attachment-38665" class="wp-caption-text">https://www.marinelink.com/news/reach-subsea-add-two-rov-support-vessels-501202</p></div>

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<p>The post <a rel="nofollow" href="https://cargonewstoday.com/reach-subsea-to-add-two-rov-support-vessels-to-its-fleet/">Reach Subsea to Add Two ROV Support Vessels to Its Fleet</a> appeared first on <a rel="nofollow" href="https://cargonewstoday.com">Cargo News Today</a>.</p>
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		<title>Innovative Fishing Vessel Launched in Turkey</title>
		<link>https://cargonewstoday.com/innovative-fishing-vessel-launched-in-turkey/</link>
		
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		<pubDate>Wed, 17 Aug 2022 15:43:24 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[Fishing]]></category>
		<category><![CDATA[https://www.marinelink.com/news/innovative-fishing-vessel-launched-turkey-498785]]></category>
		<category><![CDATA[Norwegia]]></category>
		<category><![CDATA[Sørheim Holding]]></category>
		<category><![CDATA[vessel]]></category>
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					<description><![CDATA[<p>The post <a rel="nofollow" href="https://cargonewstoday.com/innovative-fishing-vessel-launched-in-turkey/">Innovative Fishing Vessel Launched in Turkey</a> appeared first on <a rel="nofollow" href="https://cargonewstoday.com">Cargo News Today</a>.</p>
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<p>Turkey&#8217;s Cemre Shipyard held a launch ceremony for the newbuild trawler Selvåg Senior being constructed for Norwegian owner Sørheim Holding.</p>
<p>Developed in partnership with Skipsteknisk and Selvåg AS, the 79.5-meter-long Selvåg Senior purse seiner trawler will be the third in the world to use liquefied natural gas (LNG) fuel, after the Cemre-built Libas and Sunny Lady.</p>
<p>Thanks to the LNG fuel system, the new trawler will adapt to the new &#8220;environmentally friendly&#8221; vessel flow by reducing carbon emissions being in accordance with IMO Tier III. Liquefied natural gas keeps a temperature of about -140°C to -160°C and must be heated to gas form to function as fuel. A cold recovery system will use the surplus energy from heating the gas to maintaining the refrigerated seawater (RSW) in the cargo tanks.</p>
<p>In line with the green flow, the surplus heat from the exhaust will be recycled and converted to produce clean electricity. The new Selvåg Senior is the first newly built fishing vessel in the world to adopt this technology.</p>
<p>A 1 MWh battery pack will be installed, replacing a diesel-powered auxiliary engine and helping to flatten the load on the main engine during the voyage and also being a power source at the port.</p>
<p>The vessel&#8217;s electric platform is based on a &#8220;DC grid&#8221; solution that provides full flexibility in utilizing the main engine throughout its Rpm range. It can be described as automatic and more efficient handling of the vessel&#8217;s alternating operating pattern and will also have major impacts on the optimization of the propeller.</p>
<p>In total, all measures will account for an overall reduction of greenhouse gas emissions of as much as 42% compared to whether the new Selvåg Senior would be built with conventional technology, according to the builder.</p>
<p>The vessel will be equipped for pelagic trawling and purse seining with pumping both over the side and the aft. All winches and fish pumps will be electrically driven and return effects will go to the battery bank.</p>
<p>Both the shipping company and the designer have been involved in cooperation with the Norwegian research institute SINTEF to achieve the best possible circulation and cooling of the cargo tanks. Following this, the vessel’s 12 tanks have a total volume of 2.500 m³ are designed accordingly.</p>
<p>The vessel to be built in accordance with the DNV GL class will carry the Norwegian flag.</p>
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<p>The post <a rel="nofollow" href="https://cargonewstoday.com/innovative-fishing-vessel-launched-in-turkey/">Innovative Fishing Vessel Launched in Turkey</a> appeared first on <a rel="nofollow" href="https://cargonewstoday.com">Cargo News Today</a>.</p>
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