Marco Polo Marine unveils plans for new CSOV construction

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Singapore-based Marco Polo Marine has announced that it will build, own and operate a Commissioning Service Operations Vessel (CSOV) to meet the growing demand for support vessels needed to service the fleet industry. offshore wind farms in Asia.

When completed by the end of the first quarter of 2024, the vessel will be the first CSOV to be designed in Asia.

The construction of the vessel, currently valued at $60 million, will be financed from the group’s existing resources and loans, Marco Polo Marine said.

The 83-meter-long CSOV, co-developed by Marco Polo Marine and Seatech Solutions International, will be used in commissioning works during the construction of offshore wind farms, as well as their maintenance operations.

The newly built vessel will be equipped with a work access gangway and a 3D motion compensated crane. It will also feature hybrid energy storage systems that are expected to reduce carbon emissions by up to 15-20%.

Source: Marco Polo Navy

The company’s CSOV will also be designed as a future-ready fuel for methanol.

Marco Polo unveiled new designs for offshore wind utility vessels in March and said it has since attracted strong interest from offshore wind turbine manufacturers and offshore wind farm developers.

We have observed that the industry continues to face a shortage of CSOVs globally and charter rates continue to rise, along with the need to address climate change. This is a giant leap for the offshore marine industry and we are optimistic about the ability to meet the growing demand for this type of vessel with the tentative deployment of its own CSOV in 1Q2024,” said Sean LeeCEO of Marco Polo Marine.

Lee also added that further announcements will follow once the company secures charter contracts for the vessel.

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