Newport Shipping outlines CTV construction plans

NAV Engineering and Technology will design and build two different sizes of battery-hybrid CTV, one 26m in length, the second 33m. The designs will be designed for future operation on alternative fuels. Each will have personnel capacity of 24, and performance and data tracking will be a feature on each.

Four of each will be built at the Cicek shipyard in Tuzla, Turkey, with delivery completed by September 2025. The first newbuild is expected to be delivered in July 2024 with subsequent delivery every two months.

Ingmar Loges, Founding Partner, NAV commented: “This is a logical next step for Newport Shipping. We cater for the ship repair and retrofit market, but at the heart of what we do is good engineering. For us it was a natural move to develop in this area and to evolve the developing expertise that we have in the future.”

“The Offshore Wind market with its positive dynamics is the world fastest growing Energy Source. In a first step we concentrate on CTV Designs due to the fact that these vessels will always be the backbone of the offshore wind logistics infrastructure. Our vessel designs offer maximum flexibility whilst meeting future demands of environmental regulations. This is where we can help the market to take the next step to more environmentally friendly and efficient vessels. The bonus is that we can also offer this for a competitive price.”

CTV operator plans

The offshore wind focused subsidiary is also planning to collaborate with an equity partner to establish a CTV operation arm, focused on the North and Baltic Seas, although the commercial and technical management is expected to be carried out by the equity partner. NAV sees its involvement as pure equity partner after the delivery of the vessels.