Eidesvik Offshore

Eidesvik Offshore ASA is a Norwegian shipowner that presents itself as a partner in shipping, running a fleet of offshore vessels for the energy industry from Vestvikvegen 1 in Bomlo, Norway. The company points to a strong track record in the deep, describing how its subsea capabilities have grown from simple inspection, maintenance and repair duties, abbreviated IMR, to delivering all types of advanced subsea services, including complex operations in subsea, umbilical, riser and flow lines, known as SURF. That progression, from routine intervention work to full construction scopes, is how Eidesvik frames its subsea business. A second strand is platform supply. The company cites 40 years of PSV experience and credits innovative and open-minded collaborations with charterers and suppliers for the steady evolution of its fleet and organisation, arriving at what it calls a position as a powerhouse for future oriented shipping and operational solutions. It also refers to more than 50 years of pioneering experience overall. A third strand is offshore wind. Eidesvik says it serves both the commissioning and the maintenance phases of offshore wind farms, and treats that work as a way to build experience and strengthen its presence in a growing and future oriented market, tying the fleet directly to the energy transition. Running through all of this is a stated commitment to low and zero-emission operation. The company's vision is that it should position itself at the front end of the development of zero-emission shipping solutions, and it says that for two full decades it has been a pioneer in using new and cleaner technologies to reduce the impact of its fleet on the environment and climate, with a long-standing aim of using as little fossil fuel as possible. Sustainability is described as a strategic imperative for generating long-term value, with environmental, social and corporate governance issues and risks assessed for all parts of the business and its operations. HSEQ and innovation are given their own place in how the company describes itself, as is recruitment, where the pitch to prospective employees is a team with a tradition for innovation. Eidesvik is a listed company. It publishes stock exchange notices and share information via Oslo Bors and maintains an investor relations function alongside news, career and contact pages. Recent notices cover entry into a memorandum of agreement for the sale of the IMR vessel Viking Reach, changes to the board of directors, and a new frame agreement with Aker BP together with a contract award for Viking Prince, which together give a sense of a fleet being actively traded and rechartered rather than held static.