iMarine

Eidesvik and Agalas form new venture to order up to five methanol-fuelled CSVs

Norwegian offshore vessel owner Eidesvik and compatriot Agalas have joined forces to build up to five construction support vessels (CSVs) for subsea and offshore wind operations.

The first vessel, costing about €81.5m ($87.8m), will be built at Sefine Shipyard in Turkey and owned by Eidsvik Agalas venture, in which Eidesvik will hold a 50.1% stake. The shipowning outfit has options for four additional newbuilds at the yard.

The 99.9 m long newbuild will feature methanol dual-fuel engines and a battery hybrid system and, once delivered in early 2026, will be the world’s most environmentally friendly vessel within its operating segments, Eidesvik said.

“This groundbreaking design not only signifies a significant leap forward in environmental sustainability but also sets a new standard for the industry.”

Eidesvik will manage the vessel that will be equipped to perform inspection, maintenance and repair (IMR) work on a three-to-five-year charter with Reach Subsea.

“This new asset aligns perfectly with our strategy, which is founded on sustainable shipping solutions and long-term partnerships with our clients. The versatile vessel is designed to meet the demands of both the oil & gas sector and the offshore wind industry. This flexibility increases our capabilities and competitiveness in the future energy mix,” said Gitte Gard Talmo, CEO and president of Eidesvik Offshore.

Agalas was formed in 2022 by NSK Ship Design and fishing industry players Ytterstad Fiskeriselskap and Kransvik Kystfiske and already has ties with the Turkish yard, including a cable layer newbuilding project earmarked for Cecon charter.

Commenting on the Eidesvik tie-up, Mats Nygaard Johnsen, CEO of Agalas, said: “Teaming up with Eidesvik on this opportunity allows us to combine the strengths of two Norwegian shipowners and create a world-leading vessel that integrates functionality, green technology, and highly skilled personnel.”

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