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Eneti inks WTIV contract and extensions

Photo: Unsplash wind turbines at sea
NYSE-listed Eneti has inked contracts and extensions wind turbine installation vessel charters (WTIVs) in Europe.

Eneti subsidiary Seajacks UK has signed two new contracts in Northwest Europe for between 75 and 102 days of employment for one of its NG2500-class vessels. The contract will earn between $5.7m and $7.1m in revenues.

The company has also negotiated extensions for another NG2500-class vessel which will generate an additional EUR2.9m in revenues.

It has also extended a contract for its NG14000X-class vessel worth EUR2.6m in revenue.

Emanuele Lauro, Chairman and CEO, said: “The higher rates achieved for our NG2500-class vessels reflect the rising demand for these assets, and the evolution from seasonal employment to year-round opportunities.”