ST Engineering, Nauti-Craft join forces on offshore wind CTVs

ST Engineering Marine and Nauti-Craft have signed a Letter of Intent (LOI) to jointly develop and supply new crew transfer vessels.

Primarily, the two companies aim to explore the opportunity to incorporate Nauti-Craft’s marine suspension technology into vessels built by ST Engineering. As a further step, they intend to develop, build and supply Nauti-Craft-equipped crew transfer vessels (CTVs) to the offshore wind industry in Europe, Asia and the U.S., under license to Nauti-Craft.

ST Engineering has completed a preliminary design of a 20-metre CTV incorporating Nauti-Craft technology. This will be the initial focus of the business opportunity the companies will explore.

“Should further detailed study of the business opportunity indicate that it will be mutually beneficial, Nauti-Craft and ST Engineering will move to conclude a formal commercial agreement under which rights to use Nauti-Craft’s patented technology will be secured by ST Engineering”, the two companies state in a press release.

In April, Nauti-Craft entered into a development and license agreement with OFFCON to introduce a new range of multi-purpose daughter craft for the offshore wind industry.

The German company secured exclusive rights to manufacture the vessels incorporating Nauti-Craft technology with the right to sell them worldwide. To build the new range of vessels, OFFCON established a company called Wallaby Boats GmbH.