Vard to design and build one PSV for Simon Møkster Shipping

23 April 2013 (Last Updated April 23rd, 2013 18:30)

Vard Holdings (Vard) has signed a letter of intent with Simon Møkster Shipping to design and build a platform supply vessel (PSV), with the final contract expected to be signed within a few weeks.

Simon Møkster PSV

Vard Holdings (Vard) has signed a letter of intent with Simon Møkster Shipping to design and build a platform supply vessel (PSV), with the final contract expected to be signed within a few weeks.

The new vessel will be built according to Vard’s PSV-06 LNG design at the company’s shipyard in Norway, and the hull will be delivered by Vard in Romania.

Scheduled to be delivered in the first quarter of 2015, the new PSV will be a Clean Design dual-fuel LNG / diesel-electric vessel with a focus on low fuel consumption and low emissions of greenhouse gases.

The vessel will have a length of 94m, width of 20m and will be designed to support operations at the Goliat oil and gas field in the Barents Sea.

Simon Møkster Shipping has won a ten-year charter contract from Italian oil and gas firm Eni Norge for the new PSV.

Apart from the standard PSV capabilities, the vessel will also feature standby class and NOFO-2009 oil spill systems, and will be equipped for emergency operations such as rescue, emergency towing, firefighting and oil recovery.

The vessel will also feature a hangar to accommodate an emergency towing winch, NOFO oil recovery equipment and a slipway for the launch and recovery of rescue crafts.

The new PSV will be equipped with four dual-fuel engines using LNG as a prime energy source, which can reduce CO2 emissions by 30% as well as cutting 80% of NOx emissions and virtually all SOx emissions.

STX OSV Group recently changed its named to Vard following the sale of STX Europe’s majority stake in the company to Fincantieri Oil & Gas.


Image: The 94m-long vessel will be delivered in the first quarter of 2015. Credit: Simon Møkster Shipping.