Offshore staff
OSLO, Norway – Fred. Olsen Windcarrier (FOWIC) has recently won three new turbine transport and installation contracts with a combined value of up to EUR 124 million ($151 million).
The contracts are for work in 2022-2024 in both Europe and Asia/Pacific. Two will be executed with an upgraded vessel, and combined the projects will cover up to 630 vessel days.
All three contracts are from existing clients.
FOWIC’s backlog now stands at about EUR 353 million ($430 million) including options of which 80% is firm revenue.
In addition, the company has started a crane upgrade program on its three jackup installation vessels Brave Tern, Bold Tern, and Blue Tern. It is expected to be completed in 2024/2025.
The company also said it aims to construct a fourth vessel.
05/28/2021
