United Kingdom

United Kingdom

Vessel collaboration could save millions - Crown Estate

UK: Greater collaboration between vessel firms and offshore wind developers could increase revenues by £110 million a year, according to a report by the Crown Estate.

The Crown Estate recommends more collaboration between project developers and jack-up vessels
The Crown Estate recommends more collaboration between project developers and jack-up vessels

The Jack-up Vessel Optimisation report highlights ways in which vessel operators and projects could work increasingly together to lower levelised cost of energy (lcoe).

It said production downtime at offshore sites while repairs take place have caused "several million pounds" in losses.

But it believes a collaborative approach could increase revenues by £52 million to £110 million a year across offshore wind projects currently operating in UK waters.

The Crown Estate, responsible for the seabeds around the UK, recommends the use of a flexible charter club for vessels.

The club would remove the need to make an upfront commitment to a regular charter and would see its members arrange a charter together to work on clusters of projects.

"This approach avoids owners being required to commit significant budget to charter a vessel that they may not fully require and also enables rapid deployment," the report said.

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