Canada’s Horizon sets up Norwegian branch as ex-Bourbon vessel gets new paint job

Canada’s marine services provider Horizon Maritime has finalized the intake of the former Bourbon Arctic vessel, which is now sailing under the name Horizon Arctic. Horizon has also established a Norwegian branch. 

As previously reported, Horizon bought the anchor handling tug supply (AHTS) vessel Bourbon Arctic – now Horizon Arctic – from Bourbon in March 2019. While the two companies kept the price tag of the vessel confidential, VesselsValue estimated that the sale price was $41.5 million.

Following the completion of the deal which was announced on Tuesday, Sean Leet, CEO of the Horizon Maritime companies, said: “The Horizon Arctic takes its place alongside Horizon Maritime’s growing fleet of harsh environment vessels, and we are delighted that this state of the art ship is available to help our customers face the challenge of operating in the North Sea, the Barents Sea and beyond.”

The Horizon Arctic was built at the Vard Brattvaag shipyard in 2016 and it features up to 307 tonnes of bollard pull and class-leading winch capabilities, environmentally-friendly Clean Design class notation, low resistance hull shape, and fuel efficient diesel electric/hybrid propulsion system.

The vessel also features high ice class hull for arctic conditions, 24 meter beam designed for stability and flexible deck use, Special Purpose Ship (SPS) notation, and accommodations for 60 persons.

Horizon’s Norwegian branch

The acquisition of the Horizon Arctic also marks the launch of the newly incorporated Norwegian branch, Horizon Maritime Offshore, headquartered in Aalesund, Norway.

The new venture is led by General Manager, Borge Nakken, an industry veteran and former Chief Operating Officer of Farstad Shipping.

Nakken stated, “The Horizon Arctic has a demonstrated track-record of providing incomparable value. The vessel has been on term contract since delivery and maintains an outstanding performance record; most notably an exemplary safety and environmental result.”

Nakken is supported by Senior Technical Advisor, Kaare Jostein Larsen, a maritime technical expert who has worked with Horizon Maritime since 2016.

The Horizon Arctic was recently dry docked at the Westcon shipyard in Floro, Norway where it was painted in Horizon Maritime colors and officially renamed. According to its new owner, the vessel immediately returned to work and has a full schedule for the foreseeable future.

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