Seajacks Picks Up More Contracts for their NG2500X Class Vessels

Eneti Inc. has announced that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support offshore wind farm substation commissioning in the UK sector of the North Sea for a period of 90-120 days in each of 2023, 2024, and 2025.  In aggregate, over the three years, this contract is expected to generate up to $20.5 million of revenue.

Seajacks Kraken a NG2500X-class vessel

In addition, the Company also announces that Seajacks UK Limited signed a contract with a UK-based energy company for one of its NG2500X-class vessels to support offshore facility maintenance in the UK sector of the North Sea.  The contract, which has a duration of between 14 and 21 days, will generate approximately $800,000 to $1.2 million of revenue in the second quarter of 2022.

Seajacks Leviathan a NG2500X-class vessel

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Seajacks Hydra, one of Seajacks UK Limited’s three NG2500X-class vessels 

Source Eneti Inc