Seajacks UK Limited, a wholly-owned subsidiary of Eneti Inc., and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to assist with the installation of wind turbines.

With mobilization commencing in 2024, the contract will be performed by the Company’s NG14000X-class vessel, “Seajacks Scylla”. Inclusive of mobilization and demobilization, the engagement is expected to be between 442 and 655 days and generate approximately USD 113 million to USD 167 million of gross revenue. There are no material project costs or transit costs related to the contract.

Emanuele Lauro, CEO of Eneti, says, “We are delighted to have secured this significant contract for Seajacks Scylla, which supports the strategy of deploying our vessels on contracts that reflect the improving fundamentals in our core market of offshore wind turbine installation.”