Fred Olsen and Teekay in offshore joint venture

fred-olsen-ocean_teekay-offshore

Fred. Olsen Ocean AS and Teekay Offshore Partners have entered into an agreement to develop a new vessel design for the offshore wind market.

The two companies are planning to co-develop a vessel that will allow technicians to access wind turbines in higher sea states at a lower cost. The companies said that the new vessel will be ”a game changer and the first step on a journey to bring the HiLoad technology to offshore wind.”

Sea trials are expected to start in the beginning of 2017.

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