Eidesvik Offshore ASA

Contract extension for Viking Princess 👏🤩 We are please to announce that the current charterer has declared remaining options to extend the contract for the supply vessel Viking Princess. The contract extension runs from January 2025 in direct continuation of the current contract, extending the firm period to January 2026.

🚢 Exciting Milestone for Eidesvik! 🔧 This week the steel cutting ceremony for our new Construction Support Vessel (CSV) has taken place at Sefine Shipyard - Turkiye. This marks the first major step in bringing our next-generation vessel to life. 🎉 This state-of-the-art CSV will be equipped to perform inspection, maintenance and repair work for the #subsea and #offshorewind industries. Equipped with dual fuel methanol engines and a battery hybrid system, she will be the world’s most eco-friendly vessel within her operating segments. Together with our partner Agalas, we look forward to seeing this groundbreaking project unfold!

We recently announced the news that our platform supply vessel “Viking Energy” will be equipped with an #ammonia dual fuel engine – as the first of its kind in the world ⭐️. In 2026, the vessel will operate on ammonia for Equinor, reducing GHG emissions by 70 percent or more.  Meet some of our partners in the movie below 👇: #HorizonEU

Today we have released our results for Q2 2024, in which stable performance and operational delivery have been the defining characteristics. Highlights include: 🔹 Freight revenue was NOK 186 million, in line with the same period last year. Adjusted EBITDA was NOK 70.7 million 🔹 Fleet utilization in the period was 95% for all segments combined   🔹 We announced the realisation of our Apollo ammonia project, confirming our position as a pioneer within the demonstration of new technology to reduce emissions   🔹 We have a strong balance sheet and a very solid backlog 🔹 The market outlook in all our operating segments remains positive.

Breaking news 🎉🎉! Today we announce the realisation of our “Apollo” project. In collaboration with key partners Equinor and Wärtsilä we will convert our supply vessel Viking Energy to operate with an #ammonia combustion engine, as the first in the world! In 2026, the vessel will operate on ammonia for Equinor, reducing GHG emissions by 70 percent or more. Before summer the project placed an order for the ammonia engine and fuel gas supply system. This was a big milestone for Eidesvik – we believe the excitement shown by our Project Manager Marie Engelsen Launes and COO Arve Nilsen says it all! "This conversion is made possible by the support and investment from Equinor. We are very pleased to partner up with a client that share our ambitious climate targets, on a project that can help kick-start a wider adoption of ammonia across the shipping industry”, says Gitte Gard Talmo, CEO and President of Eidesvik Offshore. Bringing the Apollo project from the drawing board to reality has required significant effort from many colleagues across the Eidesvik organization. Together, we are proud to reaffirm our role as a pioneer in demonstrating new technologies to reduce emission! In addition to the ammonia dual fuel engine, Viking Energy is also a demonstrator vessel in the EU-funded ShipFC project where the aim is to pilot ammonia-powered fuel cells. Read more here: https://shorturl.at/vmzJz #HorizonEurope

🎉 Congratulations to our team on board the Viking Queen! 🎉 In August they celebrated an impressive milestone — 5️⃣ years without a single Lost Time Injury (LTI). Thank you for your hard work and for making safety a top priority! Our crew has also done a tremendous job refreshing the paint on the vessel, and we think she looks great!

A stunning view spotted in Sandnessjøen! Three of our vessels, Viking Princess, Viking Lady, and Viking Queen, lined up perfectly for loading and offloading before heading back out to sea. Our ladies are enjoying great weather in Northern Norway these days - fingers crossed the beautiful weather continues into the autumn 🌞🚢! 📸 by Helgeland Havn IKS

We are pleased to announce that Equinor Energy AS has declared options to extend the contract for the supply vessel Viking Energy. The contract extension runs from April 2025, extending the firm period to April 2030. The contract also includes options for further extensions. Viking Energy has been in continuous operation for Equinor since its launch in 2003. This contract extension highlights the operational excellence consistently delivered by our crew 👏👏. We are proud to have maintained such a long-standing collaboration and look forward to its continued success! 📸 by Pål Svarte

🎉🌊 Congratulations to the exceptional crews onboard the Subsea Viking! 🌊🎉 We are thrilled to celebrate a significant milestone for the vessel: 2️⃣5️⃣ (!) years with no Lost Time Injuries (LTIs). This is a record in our company's history and a testament to the dedication, skill, and unwavering commitment to safety demonstrated by our team. The vessel is currently on contract with Van Oord, supporting various #offshorewind wind projects. We would like to thank all onboard for your outstanding contributions and for making safety a top priority!

Proud to share this beautiful snapshot of our vessel Viking Wind Power in action at the Veja Mate #offshorewind farm! 🚢💨 Eidesvik has substantially increased our footprint in the #renewable energy market during the last years, and Veja Mate in the German North Sea is one of the offshore wind farms we are currently serving. Viking Wind Power has now entered the high season for servicing wind turbines. Big thanks to our crew for consistently upholding the high Eidesvik standard on the vessel!