Fred Olsen Windcarrier (FOWIC) has executed a firm contract with Huisman for a second 1600 tonne crane to upgrade its Brave Tern wind turbine installation vessel.
Installation of the crane is scheduled to be completed in 2024.
Once upgraded, Brave Tern will be able to install foundations and next generation offshore wind turbines.
FOWIC chief executive Alexandra Koefoed said: “As we announced in 2020, we have initiated an upgrade programme for our existing fleet where Bold Tern is currently undergoing a major upgrade, including replacement of the crane.
“Brave Tern will be next in line and ready when the next generation turbines enter the market.
“As a leading turbine installation and service provider we continue to develop our teams and assets in order to remain a trusted partner for our clients in the years to come, as we see significant growth and great potential in offshore wind.”
The ongoing upgrade and crane replacement works on Bold Tern at Keppel Fels in Singapore is progressing according to plan and budget.
The crane order is part of FOWIC’s overall fleet development programme, which includes three vessels that will be upgraded as well as plans for a newbuild, to meet the overall growth in the offshore wind market.
FOWIC also recently executed three new contracts and reservation agreements with a combined revenue of up to €80m.
The contracts will cover approximately 300 days in 2022 and 200 days in 2023, in both Europe and APAC.
Two contracts are linked to projects where FOWIC is already involved.