4C is now TGS

We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.

Learn what this means for you!

Seacat Services announce busy schedule

By: Matthew White 03/05/2018 Seacat Services

General Vessels Windfarms

Seacat Services, has announced that its fleet will reach maximum occupancy for periods of 2018, due to the increase in demand for vessel support market.

In the duration of the year, Seacat Services say there will be periods of all 14 vessels in its fleet will be under charter, and some of the contracts will last till 2022.

Contract partners include, Ørsted and Siemens Gamesa Renewable Energy, and cover projects such as Suffolk’s Greater Gabbard and Galloper wind farms, and Scotland’s largest offshore wind farm, Beatrice, in the Outer Moray Firth.

Recently, a number of offshore wind projects have begun installation, creating a steady pipeline of construction-based and O&M work for the OESV and wider vessel support markets.

Seacat say this increase in work coincides with a slowdown in the number of new vessels entering the market, as operators come to the end of their immediate build programmes. The resulting shift in the supply-demand balance is likely to see offshore wind developers become increasingly reliant on strong relationships with OESV operators to ensure ongoing vessel support for projects.

The business is also actively engaging with other vessel operators via sub-chartering agreements that highlight the important role of supply chain collaboration in supporting projects. With larger turbines, new technologies and floating projects on the increase, demand for vessels able to support these projects is expected to grow further in the coming years.

Ian Baylis, Managing Director, Seacat Services, said: “To reach maximum occupancy remains a rare achievement in this market, and this period of stability for Seacat Services is testament to the strength of the relationships we have maintained with key offshore wind players over the past few years.”

“More broadly, as occupancy increases across the OESV market and the supply-demand balance starts to shift in favour of vessel operators, the value of strong relationships between operators and offshore wind project owners is likely to become increasingly apparent. Good working relationships and a sustainable long-term approach to vessel chartering will be crucial for keeping projects on track during the busiest period of offshore wind activity to date.”

For more information follow the links provided.

Premium

4C Offshore Premium, our most popular subscription, gives you full access to use the 4C Offshore WebApp which includes exclusive offshore wind, transmission and vessel reports, news and downloads.

Request a 30 minute Demo

Seacat Services announce busy schedule

Back to News

Trending News!