Cadeler continues expansion in Asia-Pacific, inks vessel reservation agreement

Cadeler, a specialist in offshore wind farm construction, maintenance, and decommissioning, has signed a Vessel Reservation Agreement for a series of projects in the Asia-Pacific region. This agreement ensures that one of Cadeler’s newbuild M-Class vessels will be allocated for these projects.

The aggregate potential value to Cadeler of the development pipeline, to be negotiated during the pendency of the VRA is expected to be approximately €200 million the company said.

The new M-Class vessel, which is anticipated to be involved in these initiatives, is one of six new ships that will be added to Cadeler’s fleet in the upcoming years, alongside the Wind Peak, which Cadeler received last month. The agreement signing highlights Cadeler’s ongoing growth in the Asia-Pacific region.

“The Asia-Pacific market has significant growth potential and is of great interest to Cadeler. Expanding our presence in that market with this VRA aligns with our global business strategy,” Mikkel Gleerup, CEO of Cadeler, said. “With our first state-of-the-art newbuild received, and six additional newbuilds being delivered over the coming years, we will be able to handle the largest and most complex next-generation offshore wind installation projects, further building our backlog and ensuring that our customers and partners can look to Cadeler as offering the strongest choice of flexibility and supply-chain certainty.”