• Press Release

NYK Begins to Bareboat Charter Crew Transfer Vessel in Offshore Wind Industry

Accelerating Initiatives for Offshore Wind Power Generation-Related Businesses

NYK has begun to bareboat charter a crew transfer vessel (CTV)* to service offshore wind farms with Northern Offshore Services AS (NOS), a subsidiary of the Sweden-based Northern Offshore Group AB (NOG). The CTV, which is named Energizer, is owned by NYK and is being chartered to NOS through a long-term bareboat charter contract* to transfer crews to offshore wind power stations, mainly in Europe, under the operation of NOS.

NOG operates about 60 CTVs in the offshore wind power market in Europe, and NYK and NOG signed an MoU in December 2019 to explore a CTV business related to offshore wind power generation. This bareboat charter contract is a partial development of that MoU and will be the first CTV owned by NYK.

As an owner of a CTV and participant in this business, NYK will dispatch its marine engineers to NOS to engage in operation and ship management in order to gain the leading European knowledge in offshore wind power generation.

In addition, NYK is preparing to expand its domestic CTV business by strengthening cooperation with partners in each region, such as collaboration with Akita Eisen KK, which is the only towing company in Japan’s Akita prefecture, and a cooperation agreement with Akita Prefecture.

We will continue to aim to contribute to the spread of offshore wind power generation through the CTV business in cooperation with NOG.

The NYK Group’s Service Scope for Offshore Wind Power

On February 3, 2021, NYK released the NYK Group ESG Story, which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs (Sustainable Development Goals) through business activities, including the offshore wind business. To strongly promote ESG management, the NYK Group will encourage new value creation as a sustainable solution provider through a business strategy that includes efforts to contribute to the renewable energy business in Japan and overseas.

<The NYK Group ESG Story>
A guideline detailing concrete efforts to integrate ESG into management strategies of the NYK Group.
Details: https://www.nyk.com/english/news/2021/esg-story_01.html

* Crew Transfer Vessel (CTV)
An aluminum catamaran of about 20 to 40 meters in length that is built for high-speed operation and comes equipped with stability equipment to transport technicians and crews safely and comfortably to and from sites during offshore wind power construction, maintenance, and operation of offshore wind farms.

** Bareboat charter contract
A contract in which the owner of a vessel leases the vessel, together with the equipment and furnishings on board. The name comes from the fact that the ship is rented out "bare" with no crew on board.

Overview of NOG

Headquarters: Gothenburg, Sweden
Group Chief Executive Officer: David Kristensson
Website: https://n-o-g.eu/


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