PaxOcean bags up to four OCV newbuilds

In a significant development for the maritime industry, Kuok Maritime Group’s PaxOcean has announced an order for up to four offshore construction vessels (OCVs). This order comes from a well-known European shipowner, although their identity remains undisclosed. The deal marks a notable step forward in the shipbuilding sector, particularly in the context of the growing demand for vessels that can operate in both conventional and renewable energy markets. With an emphasis on sustainability, these new vessels are designed to play a crucial role in the ongoing energy transition.

Details of the New Vessel Order

PaxOcean, headquartered in Singapore, has secured a contract that includes two firm newbuilds scheduled for delivery in 2027. Additionally, the agreement provides an option for two more vessels, which could further enhance the shipowner’s fleet. Each vessel will measure 123 meters in length and is designed by Norway’s Salt Ship Design. This design choice reflects a commitment to modern engineering and efficiency, ensuring that the vessels meet the evolving needs of the offshore energy sector.

MOL Becomes First Japanese Operator to Commercially Install Onboard CO2 Capture System

The vessels are specifically engineered to operate in both conventional and renewable offshore energy markets. This dual capability is particularly important as the world shifts towards more sustainable energy sources. PaxOcean has expressed confidence that these vessels will be instrumental in the energy transition, especially within the rapidly expanding offshore wind sector. The company believes that the new OCVs will not only support renewable energy initiatives but also provide essential services to conventional energy operations.

Innovative Features for Sustainable Operations

The new offshore construction vessels will be equipped with several innovative features aimed at enhancing their operational capabilities. Notably, they will be methanol-ready, which positions them well for future fuel transitions as the industry moves towards greener alternatives. Methanol is increasingly recognized as a viable option for reducing carbon emissions in maritime operations.

In addition to being methanol-ready, the vessels will include a full-beam hangar designed to accommodate two work-class remotely operated vehicles (ROVs). This feature will enable the vessels to perform complex underwater tasks, which are essential for both construction and maintenance operations in offshore environments. Furthermore, the vessels will be outfitted with a 1000KWh battery energy storage system. This system will allow for efficient energy management and support various operations without relying solely on traditional fuel sources.

The design also includes provisions for future carousel installation and moonpool operations, which will enhance the vessels’ versatility. These features underscore PaxOcean’s commitment to sustainability and innovation in the maritime industry. As the demand for offshore construction vessels continues to grow, these new OCVs are poised to make a significant impact on the energy landscape.