Mv Island Condor

Norwegian based offshore shipowner Island Offshore has secured long-term charter employment for its 2014-built platform supply vessel (PSV) “Island Condor” with an undisclosed Norwegian contractor.

The” Island Condor” has worked as a walk-to-work vessel in the British sector for many years, apart from Norwegian projects in the past year, but now the vessel will be converted for this new long-term contract.

The vessel will be converted at Myklebust Yard in Norway and then be delivered to the customer in September 2024 where it will work as a construction vessel equipped with two ROVs (remotely operated underwater vehicles), an offshore crane, a helideck, and a larger battery pack.

The ship’s midsection, including interior fittings, will be extended, and an ROV hangar will be built. Thus, the vessel is configured to perform inspection work, crane operations, and similar tasks for the oil and gas and renewable sectors.

Island Condor has an SPS class with a cabin capacity of 83 persons, providing ample space for client personnel.

Tommy Walaunet, managing director of Island Offshore Management AS, said: “Our expectations for the coming years are thus continued and strengthened. We have good experience in adapting ships to new and attractive segments. The conversion of one of our supply vessels for other activities results from initiative, innovative thinking, and highly skilled employees in the organization.”

“This is a major and demanding conversion for the Island Condor, and it is particularly pleasant using local forces and suppliers. We have a long and good cooperation with Myklebust Yard and other suppliers in the region, and it is easier for us to monitor progress when the ship is located so close to the office.”

Island Offshore currently has 21 operational vessels of which most are well secured with work into 2024.

The company is expecting to achieve a turnover of 2.3 billion Norwegian kroner in 2023, and the total fleet utilization is around 93% so far this year.