Offshore wind service company Edda Wind has extended the charter agreement for Edda Passat for seven months during 2023 at dayrates in excess of 25% over current level.
The Service Operation Vessel (SOV) Edda Passat has operated for Orsted at Race Bank Offshore Wind Farm since it was built in 2018. The firm period is expiring in March 2023.
Orsted have as part of the agreement agreed to waive the remaining options they had on the vessel, leaving Edda Wind free to trade Edda Passat in a very favourable market going forward.
“We are pleased that Orsted has extended this contract beyond the five firm years. The offshore wind market has developed favourably, and we are satisfied that the new rate reflects this,” said Kenneth Walland, CEO of Edda Wind.