JACKSONVILLE, Florida – Crowley and Esvagt plan to create a joint venture to serve the emerging US offshore wind market.
The venture will work to design and deliver its first wind-dedicated, US-flagged service operation vessel (SOV).
Consistent with the requirements of the US Jones Act, Crowley will own and operate the vessels, while the companies will share in the economics of the venture. Esvagt will provide technical advice on the design, construction, and operation of these vessels.
Chairman and CEO Tom Crowley said: “This partnership will marry Crowley’s transferable engineering, vessel operations, project management, and logistics experience in the US offshore markets to Esvagt’s global SOV design and operations capabilities. This will enable the continued growth of sustainable, greener energy solutions by directly addressing the offshore wind service capacity challenge.”