J.P. Morgan and Havfram Announce New Series WTIVs

In cooperation with Norway’s Havfram AS, institutional investors advised by J.P. Morgan Global Alternatives have signed a letter of intent with Chinese shipbuilder CIMC-Raffles for a series of next generation, state-of-the-art wind turbine installation vessels (WTIVs).

The first vessels will be built at CIMC-Raffle’s Yantai yard in China for delivery in 2024. The plan is to operate several vessels in the global offshore wind market with both traditional jack-ups for turbine installation as well as what’s described as “a cost-effective feeder-solution for the U.S. market in particular.”

View entirety: Marine Log