Norway’s Seaway 7 has revealed details of a $650m fundraising drive to pay for two wind turbine installation vessels (WTIVs) on order in China.
The Oslo-listed company said the financing plan will give it the $550m needed for the ships, as well as money for future capital needs.
Seaway 7 was formed last year out of the combination of the renewables division of Kristian Siem’s Subsea 7 with Arne Blystad’s heavylift shipowner OHT.
