Norside buys PSV for offshore wind conversion

Norway’s Norside Wind has purchased a platform supply vessel to convert it for walk-to-work operations in the offshore wind sector.

The PSV Farland, built by Ulstein in 2016 as Blue King, was owned by the Norwegian shipyard until June 2019, when Sverre Farstad acquired the ship for a reported price of $19m, but subsequently registered to Ulstein’s investment arm Blue Ship Invest. No price has been revealed for the Norwegian-flagged PSV, which online pricing platform VesselsValue estimates is worth around $14.4m.

The ship will be managed by OSM Offshore Bergen/Vestland Offshore and renamed Norside Cetus.

According to Norside CEO Hans Martin Gravdal, the PSV, which currently has accommodation for 22 people, will, after the conversion, be fit to accommodate 60 people and sport a battery package as well as a gangway and cranes.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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