Page 45 - Danish Offshore Industry 2016

jects is fading a bit. A couple of years ago we made the decision to stake on wind power, and even if that meant investing in heavier vessels than the rest of our feet it has grown into an interesting segment of our business,” explains Ib Hansen seeing that more and more competi- tors have turned their focus towards the same market. Competition in the wind power sector is defnitely “Competition in the wind power sector is defnitely not decreasing. We are fully aware that it is likely to be not decreasing. We are fully much tougher in the years to come. Obviously, we are infuenced by the market, but we shall get through the aware that it is likely to be rough weather in a relatively good position compared to much tougher in the years to many others. It is just a question of keeping the propel- lers rotating for a certain period. It may be necessary for come us to accept lower rates, and, naturally, it is infuencing our level of activity to have to slow down a bit. Of the oil rigs we have served in the North Sea 15 have been laid up, tainting the market with a negative trend, so this is not the right time to launch a construction of seven new vessels.” NO TIME FOR SPECULATION In spite of the situation ESVAGT is pleased to see that the vessels at present engaged in serving the offshore wind- to deploy a vessel like the two vessels we have working farms all are contracted for the next 18 months, and the for Siemens Wind Power, and when we tender for new company is ready if new contracts should be awarded. jobs we are pleased to have those two vessels available – “We have the vessels needed for the present market, and just like we have a new job on hand for MVI Vestas. it is not the time for speculation. We know, however, that new projects will pop up. This September we shall We are pleased that we have secured a contract for MVI start on a contract for Norwegian Statoil. We are going Vestas on a full year basis so we can continue our ▲ Ib Hansen, Head of Commercial, is continuing working in the direction that ESVAGT had selected before the sale. 43 / WIND INCREASING ITS IMPORTANCE IN ESVAGT