Reviews & Ratings for the Yudin

Subsea 7, a leading Norwegian offshore service provider, has successfully landed two significant contracts from Jan de Nul and One Subsea. The contract with Jan de Nul involves the transportation, pre-piling, and installation of 47 jacket foundations specifically designed for wind turbines at the Formosa 2 Offshore Wind Farm in Taiwan. This ambitious project is set to be executed by Subsea 7's subsidiary, Seaway 7, over the course of 2020 and 2021. The company plans to utilize its heavy lift vessels, the Seaway Yudin and Seaway Strashnov, to carry out the operations effectively.

As of now, Seaway Heavy Lifting's (SHL) vessel Stanislav Yudin has successfully installed eight out of the planned 32 monopile foundations at the Trianel Windpark Borkum II, located approximately 40 kilometers north of Borkum Island in the German North Sea. This significant milestone was achieved in late June, marking the project's advancement in renewable energy development. The installation process will see the remaining 24 monopiles and transition pieces arrive via barges from Nordenham, with Stanislav Yudin set to complete the installation by the end of summer. These monopoles are crucial as they will support 32 cutting-edge Senvion 6.33MW wind turbines, which will be installed by Jan De Nul, and are anticipated to be operational by the end of 2019. The Trianel Windpark Borkum II project is a collaborative effort among various stakeholders, including EWE AG with a 37.5% ownership stake, ewz Offshore Borkum GmbH holding 24.51%, and 17 German municipal utilities along with Trianel GmbH, which owns 37.99%. This 200MW venture represents a significant contribution to the region’s renewable energy portfolio. Stay tuned for more updates on this evolving project as the transformation of the North Sea's energy landscape continues.

Luxembourg – March 13, 2017 - Subsea 7 S.A. (listed on Oslo Børs as SUBC and traded as ADR under SUBCY) has successfully acquired the 50% stake in Seaway Heavy Lifting Holding Limited (often referred to as Seaway Heavy Lifting) from K&S Baltic Offshore (Cyprus) Limited. The deal was signed and finalized after the close of business on March 10, 2017, resulting in Seaway Heavy Lifting and its subsidiaries becoming fully integrated into Subsea 7's operations as a wholly-owned entity. This strategic acquisition enhances Subsea 7's capabilities within the offshore construction sector.