Mainport Shipping Secures Funding for New Hybrid Vessel
Mainport Shipping has made significant strides in the maritime industry by securing funding from the Eurazeo Sustainable Maritime Infrastructure (ESMI) Fund. This funding is earmarked for the construction of the Geo Master, a hybrid survey and remotely operated vehicle (ROV) support vessel. The project marks a notable advancement in sustainable shipping practices, aligning with the growing demand for eco-friendly maritime solutions.
Construction and Delivery Timeline
The Geo Master is currently under construction at the Neptune Construction yard in the Netherlands. This state-of-the-art vessel is expected to be delivered in the first quarter of 2026. Once completed, it will be operational by mid-March of the same year. The construction of the Geo Master represents a significant investment in modern maritime technology. Hybrid vessels like this one are designed to reduce fuel consumption and emissions, making them an essential part of the future of shipping.
The choice of the Neptune Construction yard reflects a commitment to quality and innovation in vessel design. The yard is known for its expertise in building advanced maritime vessels that meet the demands of various sectors, including offshore wind and subsea operations. As the world shifts towards more sustainable practices, the Geo Master will play a crucial role in supporting these initiatives.
Long-Term Partnership with N-Sea
In a strategic move, Dutch subsea services specialist N-Sea has signed a long-term charter agreement with Mainport Shipping for the Geo Master. This partnership will place the vessel under the full commercial management and control of N-Sea, enhancing the company’s fleet to a total of 13 offshore support vessels (OSVs).
N-Sea’s decision to charter the Geo Master underscores the growing need for advanced vessels in the subsea services sector. The hybrid capabilities of the Geo Master will enable N-Sea to conduct surveys and ROV operations more efficiently and sustainably. This collaboration not only strengthens N-Sea’s operational capacity but also aligns with the broader industry trend towards greener maritime solutions.
The ESMI Fund’s investment in this project is significant, as it has now allocated over 70% of its first fund to initiatives that focus on fuel-efficient vessels. This includes not only bulkers and container ships but also vessels that support the offshore wind sector. The partnership between Mainport Shipping and N-Sea is a testament to the evolving landscape of maritime operations, where sustainability and efficiency are becoming paramount.
