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Jan De Nul Acquires Ocean Yield's Multipurpose Subsea Cable And Flex-Lay Vessel Connector

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Home › Shipping News › Jan De Nul Acquires Ocean Yield’s Multipurpose Subsea Cable And Flex-Lay Vessel Connector
Jan De Nul Acquires Ocean Yield’s Multipurpose Subsea Cable And Flex-Lay Vessel Connector
December 12, 2020
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Jan De Nul Group has signed on 4 December 2020 an agreement for the purchase of the Offshore Construction and Cable-Lay Vessel Connector from Ocean Yield ASA. This marks a further investment in the offshore installation capacities of the Luxembourg based maritime contractor. The vessel will be officially transferred during the fourth quarter of 2020. ....

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Ocean Yield Sells Connector Vessel To Jan De Nul

Ocean Yield Sells Connector Vessel to Jan De Nul
Maritime Activity Reports, Inc.
Image by Christopher Petersen/via Jan De Nul
Luxembourg-based marine services company Jan De Nul Group has agreed to buy the offshore construction and cable-lay vessel Connector from Ocean Yield. The vessel will be officially transferred during the fourth quarter of 2020.
The Connector, previously known as Lewek Connector, is an advanced subsea construction & cable-lay vessel that was operating on a long-term bareboat charter until February 2017.
Ocean Yield has, expecting a market recovery, for the past years traded the vessel in the short-term market. As the market has remained challenging, Connector has contributed negatively to both net profit and cash flow, Ocean Yield said. ....

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Jan De Nul acquires Ocean Yield's Multipurpose Subsea Cable- and Flex-Lay Vessel Connector

Jan De Nul acquires Ocean Yield’s Multipurpose Subsea Cable- and Flex-Lay Vessel Connector
Jan De Nul Group has signed on 4 December 2020 an agreement for the purchase of the Offshore Construction and Cable-Lay Vessel Connector from Ocean Yield ASA. This marks a further investment in the offshore installation capacities of the Luxembourg based maritime contractor. The vessel will be officially transferred during the fourth quarter of 2020.
With a focus on delivering the next generation offshore energy projects, Jan De Nul Group invests strategically in its offshore installation fleet. With the acquisition of the cable-lay vessel Connector, Jan De Nul Group further specialises in this offshore energy market as part of a running investment programme following the order in 2019 of the new-build Offshore Jack-Up Installation Vessel Voltaire and Floating Crane Installation Vessel Les Alizés. ....

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