Eidesvik and Agalas shake hands for low-emission Türkiye-built vessel

Eidesvik Offshore and Agalas have entered into an agreement to build a new, low-emission construction support vessel (CSV) that will be equipped to perform inspection, maintenance and repair (IMR) work.

The vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the majority owner with 50.1% and will have full management, while the remaining shares will be owned by Northern Norway shipowners Agalas.

Agalas, together with designer NSK Ship Design, has developed the highly flexible vessel that will be built at the Sefine Shipyard in Türkiye.

It will measure 99.9 meters in overall length with a breadth of 21 meters, will be able to accommodate 100 people, and will be equipped with a 150-metric tonne heave-compensated crane and a deck area of approximately 900 square meters.

Planned delivery is in early 2026, with an estimated build cost of €81.5 million. In addition, Eidesvik Agalas AS has been granted options for four additional vessels.

“By renewing our fleet with a low emission, favourably priced and versatile vessel we confirm our ability to deliver on our strategy. This vessel, along with the options for 4 additional vessels, will increase our capacity and competitive edge in the future energy mix,” said Gitte Gard Talmo, CEO and President of Eidesvik Offshore.

Financing is a combination of equity from both shareholders and around 70% debt financing from Sparebank 1 Nord-Norge and Eksfin. Eidesvik’s share of equity will come from cash on hand.

Upon completion, the vessel is scheduled to commence a three to five-year time charter with Reach Subsea.