Foundation Installation Vessels News

Norwegian-based shipbuilding and design group Ulstein has unveiled the design for a new foundation installation vessel enabling operators and contractors to efficiently transport and install monopiles or jacket foundations up to 5,000 tons.The new ULSTEIN HX122 vessel features an ULSTEIN X-BOW and an ultra-high-capacity 8,000 mt crane, engineered for the next generation of foundations in the offshore wind industry.Market analysts and brokers have flagged a projected shortage of foundation installation vessels as existing tonnage and newbuild orders are expected to lag behind projected demand.