A2SEA says there’s no need for more turbine installation vessels

A2SEA says there’s no need for more turbine installation vessels

There’s no need for newbuilds in the wind installation sector, according to the chief operating officer of the world leader in this field.

Speaking on the sidelines of Danish Maritime Days, Hans Schneider from A2SEA said there had been surplus capacity over the last couple of years in the sector, which had seen vessel prices fall, but the markets should find a supply/demand equilibrium by 2017.

“We think there is sufficient capacity including among our competitors,” Schneider said.

A2SEA commands a 44% market share of the turbine installation business via its five jack-up vessels.

The Danish company, which is owned by Dong Energy and Siemens, has made its first foray into Asia in the past month, sealing a contract with Chinese partner ZPMC to install two wind turbines in Taiwanese waters.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts