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Extended charter agreement for Edda Passat

Edda Wind has extended the charter agreement for Edda Passat for 7 months during 2023 at dayrates in excess of 25% over current level.

The Service Operation Vessel (SOV) Edda Passat has operated for Ørsted (previously: Dong) at Race Bank Offshore Wind Farm since it was built in 2018. The firm period is expiring in March 2023. 14 November 2022, Ørsted and Edda Wind entered into a 7-month extension of this contract – in direct continuation of the firm period. The agreed rate for the extension reflects the positive development in the SOV market and is in excess of 25% above the previous level. Ørsted has as part of the agreement agreed to waive the remaining options they had on the vessel, leaving Edda Wind free to trade Edda Passat in a very favourable market going forward.

“We are pleased that Ørsted has extended this contract beyond the 5 firm years. The offshore wind market has developed favourably, and we are satisfied that the new rate reflects this.” says Kenneth Walland, CEO of Edda Wind.