Havyard designs offshore wind service vessel

GIEK has issued a pre-shipment guarantee to Havyard Design & Solutions for a design and equipment package for an offshore wind service vessel (Havyard 831 SOV) to be constructed for Denmark-based Esvagt at Cemre Marin Endustri in Turkey.

GIEK’s maximum guarantee liability in the transaction is NOK 43.1 million. GIEK has previously issued similar guarantees to both Esvagt and Havyard Design & Solutions.

Read more about contract guarantee here.