Eddy Freya
Gigantic offshore construction vessels

“Edda Freya” on assignment for Statoil

The “Edda Freya” is one of the world’s largest and most modern offshore construction vessels.

The “Edda Freya” is one of the world’s largest and most modern offshore construction vessels.

The ship, which was delivered to Østensjø Rederi by Kleven Verft on 25 May, has been chartered to DeepOcean in Haugesund. Its first assignment is to serve the Kristin and Heidrun platforms in the North Sea under a contract with Statoil. In the autumn, it will begin work for Repsol Norway in the Varg field.

Gigantic ship

The “Edda Freya” – a Salt 304 OCV design – is among the world’s largest offshore construction vessels. Its length of 150 metres and beam of 27 metres give it a deck capacity of some 2,300 m2, while its dead weight is 10,000 tonnes. It can accommodate up to 140 passengers and crew.

The “Edda Freya” is one of the world’s largest and most advanced construction vessels.

The “Edda Freya” is one of the world’s largest and most advanced construction vessels.

Research project

Numerous Norwegian sub-contractors have been involved in the fitting out of the ship, providing everything from thrusters, propellers and cranes to navigation and communications equipment. The “Edda Freya” is also involved in a research project to identify new and safer offshore construction methods, including for heavy subsea module installation. The participants in the project, which is partly funded by the Research Council of Norway, include Marintek, Sintef IKT and Uni Research Polytec in addition to DeepOcean and Østensjø Rederi.

The “Edda Freya” was designed by Salt Ship Design for Østensjø Rederi, and is chartered to DeepOcean.

The “Edda Freya” was designed by Salt Ship Design for Østensjø Rederi, and is chartered to DeepOcean.

Productive cooperation

Export Credit Norway has issued a loan of USD 81.9 million to finance the “Edda Freya”. The loan, which is guaranteed by GIEK, has a maturity of 12 years. DNB and the Dutch NIBC Bank have provided a separate loan tranche totalling USD 35.1 million.

Cooperation with Export Credit Norway has been highly satisfactory

Håvard Framnes, Østensjø Rederi

The borrower is West Supply VII Eier AS, Østensjø Rederi’s ship-owning subsidiary.

“Cooperation with Export Credit Norway has been highly satisfactory. The company has been accommodating, understands the industry and has taken a constructive approach to collaboration,” says Østensjø Rederi CEO Håvard Framnes.

For more information about the “Edda Freya”, see Østensjø Rederi’s website.

Photo: Østensjø Rederi

Kontakt oss:
Stig Gjethammer
Stig Gjethammer Ocean Industries +47 975 43 444 +47 975 43 444