MOL enters European offshore wind CSOV market with Schoeller Holdings joint ownership

MOL's first entry into the European offshore wind support vessel market: "marking the Japanese company’s first entry into the European offshore wind support vessel market." MOL's investment supports its broader strategy to diversify its business portfolio and expand into sectors less exposed to shipping market volatility: "MOL said the investment supports its broader strategy to diversify its business portfolio and expand into sectors less exposed to shipping market volatility." The vessels will measure about 96.25 meters in length and 20 meters in beam, with capacity for up to 120 personnel onboard: "The vessels will measure about 96.25 meters in length and 20 meters in beam, with capacity for up to 120 personnel onboard." The vessels will be equipped with a crane and large working deck capable of supporting light construction and decommissioning work in offshore wind and oil and gas projects: "They will also be equipped with a crane and large working deck capable of supporting light construction and decommissioning work in offshore wind and oil and gas projects." CSOVs are designed to accommodate offshore wind technicians and remain offshore for extended periods: "CSOVs are designed to accommodate offshore wind technicians and remain offshore for extended periods." CSOVs support project phases from construction through commissioning until just before commercial operations begin: "The vessels support project phases from construction through commissioning until just before commercial operations begin." CSOVs are typically equipped with dynamic positioning systems and motion-compensated walk-to-work gangways: "They are typically equipped with dynamic positioning systems to maintain safe distances from wind turbine structures and motion-compensated walk-to-work gangways allowing technicians to access turbines safely."