Ship&Offshore | Issue 01/2023
CSOVs to be built in India
Pelagic Wind Fund | Cyprus-based investment enterprise, Pelagic Partners, has established a new vehicle, Pelagic Wind Fund, which has ordered a series of two+two+two new commissioning service operation vessels (CSOVs) at India’s Cochin Shipyard. The contract, worth EUR 350 million, is for CSOVs based on Kongsberg’s UT 5519 HL design, with dual-fuel engines, hybrid propulsion, and a zero-emission capability. At the signing agreement in Cochin, executives from the newly established joint venture comprising Pelagic Partners, Pelagic Wind Services (PWS), and Cochin Shipyard, revealed that the first vessels will be delivered in the first quarter of 2025....