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Innogy sells its offshore installation vessel

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Innogy has sold its installation vessel ‘Seabreeze II’ and related equipment to Hong Kong based SPIC Ronghe International Financial Leasing.

Divestment fits Innogy’s strategic decision to exit the offshore service vessel market.

The agreement was signed in February.

“A decade ago Innogy took the decision to eliminate an important bottleneck in the construction of offshore wind farms via the ownership and operation of its own installation vessels. However, since that time, such bottlenecks have eased through the availability of a range of state of the art installation vessels that are available worldwide in Innogy’s current and future core markets.

As ownership and operation of offshore service vessels is not considered as a core business activity of Innogy, and following on from the sale of the sister vessel ‘Seabreeze I’ (‘Victoria Mathias’) in 2015, we are convinced that selling our remaining offshore installation vessel ‘Seabreeze II’ is now the right step for Innogy. Nevertheless, the vessel meets the requirements of the currently rapidly growing Asian offshore markets and is a great asset to her new owner. The transaction can be considered as a win-win situation for all stakeholders. I would like to thank the dedicated team that has attended to the vessel over the years for its commitment and the successful realization of this transaction.”

Richard Sandford, director of offshore investment & asset management at Innogy.

Previously Seabreeze II was under a long-term charter to a Chinese joint venture.

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