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March 25, 2021

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

Offshore Wind Projects Drive Leap in DP Vessel Deliveries

“After a drop in newbuildings with dynamic positioning (DP) since 2015 due to falling demand in the offshore oil and gas sector, there has been a strong rebound in DP vessels ordered for offshore renewables.”

LOC’s Julius Partridge, Snr. electrical engineer, LOC London, is featured in an article in Riviera Maritime Media discussing current trends in dynamic positioning (DP) systems and vessels. He notes the impact of offshore wind growth on the demand for DP operations & maintenance vessels.

This follows Julius speaking at the European DP Conference on 24th March, on “DP vessels market update, trends & development”.

He also comments on the benefits of hybrid propulsion technology in DP vessels:

“Benefits are from redundancy of battery systems as a spinning reserve, reduced fuel consumption and operating expenditure and increased day rates for hybrid vessels”

Read the full article here.