Oslo: BOA IMR, a new BOA Offshore subsidiary, has contracted NorYards Fosen for a light construction/IMR vessel with delivery scheduled for spring 2017. The 108 m long vessel is a joint design between NorYards and BOA Offshore, which the latter claims will be one of the most energy efficient in its segment. The vessel will be equipped with a 150 ton crane and a smaller working crane, accommodation for 125 passengers, a 1,500 sq m deck with moon pool and two working ROVs.
BOA IMR will be majority owned by BOA Offshore, while Luxemburg-based yard owner Calexco will take an ownership of approximately 35% of the shares. Calexco bought out NorYards last year.
BOA has already paid in substantial parts of the equity in the project and limited equity from BOA is required until delivery in 2017.
Long term financing comes from an unspecified Norwegian shipping bank, while the shipyard is providing construction financing.
The vessel will be under BOA Offshore management and will be chartered to BOA Marine Services.
