Beluga Shipping has announced plans to make further investments in the super heavy lift market.
For more than 12 months Beluga has been engaged in the development and construction of the P-3 ship series. These special multi-purpose heavy lift project carriers will be fitted with cranes capable of lifting weights of up to 2,000 tonnes in tandem using their on board 1,000-tonne cranes.
Beluga is also engaged in the construction and development of erector ships for its Joint Venture with Hochtief Construction. These erector ships, a type of jack-up vessel, will be able to load, transport and install offshore wind energy farms. In addition to these erector ships, Beluga is also planning two cable-laying ships and two supply vessels for the offshore wind farm sector.
In order to carry out these strategic investments and continue on its long-term growth path, Beluga Shipping has taken on board a strong partner, the American investment company Oaktree Capital Management. Oaktree has agreed to invest in the company and provide the financing for its strategic growth.
The partnership between Oaktree Capital Management and Beluga Shipping will officially be sealed later on this month. Beluga is expected to order its first new special vessels shortly after.
