Friday, September 22, 2023

Newport Shipping Introduces NAV For Next Gen Vessel Design

As part of its strategy to enable shipowners to access greener technology and solutions, Newport Shipping is proud to launch NAV its latest Naval Architect design house for environmentally friendly vessels.

Accessing the 60 years’ experience of Newport Shipping, NAV will bring together the technical expertise of its design team to further strengthen its offering to the market, whilst also venturing into the newbuild and offshore market.

At NAV Engineering & Technology, we are revolutionizing the shipping industry with our cutting-edge hybrid-powered CTV designs. As a pioneering engineering and technology company, we are committed to driving sustainable solutions that deliver unmatched performance, efficiency, and environmental benefits.

Ingmar Loges, Founding Partner, NAV comments: “This is a logical next step in our business approach. We cater for the ship repair and retrofit market, but at the heart of what we do is good engineering. For us it was a natural move to develop in this area and to evolve the developing expertise that we have in the future.

“The Offshore Wind market with its positive dynamics is the world fastest growing Energy Source. In a first step we concentrate on CTV Designs due to the fact that these vessels will always be the backbone of the offshore wind logistics infrastructure. Our vessel designs offer maximum flexibility whilst meeting future demands of environmental regulations. This is where we can help the market to take the next step to more environmentally friendly and efficient vessels. The bonus is that we can also offer this for a competitive price.”

As part of its latest developments NAV have started on the developments of a Crew Transfer Vessels (CTV’s) which will designed and operated by NAV. A brand-new concept in vessel design and construction. The concept is designed for high efficiency utility and adaptability.

NAV will construct with its in-house design eight, IMO Tier-III compliant, Hybrid CTV newbuilding’s. These will be four vessels with 26 metre length and four vessels with 33 metre length. Each of them with 24 Ind. Personnel. The vessels will be constructed at Cicek Shipyard in Tuzla Bay, Turkey. Delivery of the 1st newbuilding is expected July 2024 with subsequent delivery every 2 months. The last delivery is expected in September 2025. By the third Quarter 2025 NAV aims to establish a mid-size CTV tonnage supplier for the Wind Offshore Industry. It is envisaged that the vessels will be chartered out.

The company is in the process to establish an innovative and service driven offshore crew transfer vessel (CTV) operator in the wind offshore market. Trading area North & Baltic Sea. For this venture we are looking for a strategic equity partner in order to become a medium size tonnage supplier for the industry.

NAV sees its involvement as pure equity partner after the delivery of the vessels. NAV is currently in the process of teaming up with a strategic equity partner which can carry out the commercial and technical management. Through its adaptable design the vessel will meet the needs of different requirements for crew transfer vessels. The concept is the first step of the pioneering developments at NAV to help the industry to develop greener and more sustainable vessels for the future.

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