May. 22 at 11:18 AM
$CDLR Cadeler to acquire Boqiang 3060 jack-up wind turbine installation vessel
Cadeler announced that it has agreed to acquire the Boqiang 3060 - a newly-constructed jack-up wind turbine installation vessel - from Shanghai Boqiang Heavy Industry, expanding its fleet and enhancing its capacity to meet the increasing global demand for offshore wind turbine operations & maintenance services. Completed in 2024 and fitted with advanced European equipment, including a Huisman main crane with a 2,200 t lifting capacity, Kongsberg's DP2 dynamic positioning system, MAN-supplied engines and a Siemens propulsion system, the vessel is suited for the global offshore O&M market, with 120-meter-long jack-up legs that will enable her to work on the most challenging offshore sites.
Cadeler expects to take delivery of the Wind Keeper in Q3 for a purchase price significantly below the vessel's estimated replacement cost. While the vessel comes equipped to a high standard, Cadeler will invest in certain upgrades to improve her operational capacity and align her onboard offering with that of Cadeler's existing fleet. After the contemplated upgrades, the vessel will be capable of supporting new installations in the 15 MW segment. Cadeler is continuing to assess the cost to Cadeler of such upgrades and will communicate its total investment in the vessel in due course. The acquisition is fully debt financed on attractive terms, with a facility provided by DNB Bank ASA.
