Turbine Transfers: Healthy Activity in Crew Transfer Vessel Market

Turbine Transfers Ltd has reported healthy activity in the Crew Transfer Vessel market after winning new contracts and gaining extensions to existing deals from several major customers.

The Wales-based company will shortly be sending six CTVs to the Ijsselmeer to work on Siemen’s new Westermeerwind Wind Farm Project, the largest near-shore wind farm in the Netherlands.

In addition, Turbine Transfers, with partners Opus Marine, has also secured a 3 boat contract with Dong Energy for the O+M work at Borkum Riffgrund, which follows on from a 2 boat deal for the construction phase, and they have agreed a five year extension to a 2 boat contract with Trinity Exploration and Production in Trinidad, where the Turbine Transfer vessels have proved to be hugely successful in operating safely and reliably to the platforms in 3-4m seas.

The company has also been awarded four and six month extensions to the current 3 CTV contract with Dong Energy at Westernmost Rough, ongoing extensions to a 4 boat contract with E-On at Robin Rigg and six month extensions to the already extended three year contract for 2 vessels at London Array.

Image: turbine transfer