Pelagic Partners joins forces with Borealis Maritime in PSV duo investment
Pelagic Partners has successfully completed an investment in two state-of-the-art platform supply vessels (PSV) that will see it partner with private investment and asset management firm, Borealis Maritime.
Built in 2021, the 89-metre Aurora Coey (formerly Viking Coey) and Aurora Cooper (ex-Viking Cooper) are dual-fuel and capable of operating on lower carbon LNG, as well as being ammonia-ready.
The sister vessels are fitted with hybrid battery power, and Low Loss Concept (LLC) solutions that further reduce emissions, and their onshore power capability means that they can use grid energy while in port.
Both vessels are currently under charter with reputable international counterparties.
Atef Abou Merhi, Managing Director, Pelagic Partners, said:
"We are very pleased to be partnering with Borealis Maritime as we expand our offshore energy market exposure. The development of our portfolio in this segment is driven by an acknowledgement that offshore energy investment looks likely to remain steady over the next 5-6 years, coupled with an extremely low order book, which will likely lead to an increase in demand for PSVs. We have the advantage of being both a shipowner and a shipping fund, which is why it is important for us to focus our investments on acquiring the most modern vessels; equipped to evolve with the offshore marine industry, as it transitions to more sustainable practices. We'd also like to thank Fearnley Securities for the arrangement on the Aurora Coey."
