Company News & Updates

Seaway 7 is pleased to announce that it has signed a Letter of Award with Moray Offshore Windfarm (West) Limited, to commence early works on the Engineering, Procurement, Installation and Commissioning (EPIC) of inter-array grid cables for the Moray West offshore wind farm.    The Moray West offshore wind farm development is located on the East coast of Scotland in the Moray firth, approximately 22.5 km from the Caithness coastline.  The development will be comprised of 60 wind turbine generators with an installed capacity of 882MW.  Seaway 7’s scope is under final negotiation and may

Seaway 7 is pleased to announce that it has been awarded a sizeable(1) contract for the transport and installation of inner-array grid cables on an offshore wind farm project in the US. The scope includes the transport and installation of around 160 km of 66 kV subsea power cables and respective cable protection systems. Seaway 7 will utilise vessels from its state-of-the-art cable lay fleet. The contract award is subject to client reaching Financial Close by end of 2022. This is the second US project awarded to Seaway 7, after the Coastal Virginia demonstrator project which was completed in 2

Seaway 7 is pleased to announce that it has taken delivery of a new semisubmersible heavy transport vessel.  The company entered into a bareboat contract with United Faith for its new build vessel MV Xin Qun 3, renamed Seaway Swan. Seaway Swan is a 50,000 Te DWT Heavy Transport Vessel (HTV) with an open stern and large deck free from obstructions. This addition to Seaway 7’s world-class HTV fleet will further extend the company’s capacity to load larger and longer cargoes such as XXL monopiles, and modules that would typically need to be skidded on and off the vessel over the stern. The S

Seaway 7 ASA has today announced that it has signed a Letter of Exclusivity towards finalisation of a Preferred Bidder Supply Chain Agreement, with ScottishPower Renewables for the East Anglia THREE offshore wind project. East Anglia THREE is located around 70 km offshore the UK in the southern North Sea and forms one of three consented offshore wind farm developments, termed the East Anglia Hub, planned by ScottishPower Renewables. East Anglia THREE will contribute approximately 1,400 MW of a potential 3,000 MW of renewable energy generation capacity at East Anglia Hub. Seaway 7’s scope of

Oslo – 13 June 2022 at 08:00 CET – Seaway 7 ASA (the “Company”) (Euronext Growth: SEAW7) announced today updates on its projects and updated Adjusted EBITDA guidance for full year 2022. As a result, the Company has updated its guidance for full year 2022. Revenue is expected to be in line with previous guidance towards $1 billion with an Adjusted EBITDA margin now expected to be approximately 6%. The Company has encountered reduced progress on the Hollandse Kust Zuid project relating primarily to adverse weather conditions and mechanical breakdowns. The cost increases associated with t

Seaway 7’s new wind turbine installation vessel Seaway Ventus has reached its second significant build milestone with the laying of the keel. The occasion was marked this week with a keel laying ceremony which took place on Monday 6th June, at the China Merchants Heavy Industry (CMHI) Haimen facility, Nantong, with the full Seaway 7 Site team present. ​​​​​​​’This is a very important and satisfying milestone for the Seaway Ventus construction project, marking the period where all the fabricated steel blocks are brought together like Lego, for assembly in the dry d

Seaway 7 has today announced that it has been selected by Seagreen 1A Limited as a preferred supplier for the Seagreen 1A offshore wind project, offshore Scotland.  Seagreen 1A is adjacent to the existing Seagreen project that Seaway 7 is currently progressing and represents approximately 500MW of additional renewable energy generation capacity. Seaway 7’s scope of work is under final negotiation and may include the full engineering, fabrication, transport and installation of 36 foundations, transportation and installation of the offshore substation and the procurement and installation of i

Seaway 7 ASA is pleased to announce that it has been awarded a sizeable contract by Energie Baden-Württemberg AG (EnBW) for the Engineering, Procurement, Installation and Commissioning (EPIC) Works of inner-array grid cables on its He Dreiht Offshore Wind Farm project. The scope includes the supply and installation of around 100 km of 66 kV subsea power cables and respective cable protection systems. The company will utilise vessels from its state-of-the-art cable lay fleet which will commence work on the project in 2025.  The contract award is subject to He Dreiht reaching Financial Close b

Seaway 7 today announced the publication of its Annual Report for the year ended 31 December 2021.  The Annual Report is accompanied by the Group’s Sustainability Report for 2021, which was also published today. These are the Company’s first reports since the combination between OHT and Subsea 7’s renewables business unit in October 2021 which formed the new Seaway 7. Read the reports here.

Seaway 7 ASA will publish its fourth quarter results for the period ended 31 December 2021 on 3 March 2022 at 08:00 CET. A conference call and simultaneous webcast for the investment community will be held on 3 March 2022 at 14:30 CET. From 08:00 CET on 3 March 2022 the results announcement and the presentation to be reviewed on the conference call and webcast will be available on the Seaway 7 website: https://www.seaway7.com/investors/results-reports-publications. Webcast and conference call information: Date: 3 March 2022 Time: 14:30 CET Join the webcast Conference call details Participants

Sumitomo Electric Industries Ltd. (Sumitomo Electric) and Seaway 7 ASA (Seaway 7) are pleased to announce that they have signed a Memorandum of Understanding outlining their intention to collaborate on offshore wind projects in Japan and the wider Asia-Pacific region. The collaboration will focus on providing robust, competitive, and localised turnkey engineering, procurement, installation and commissioning (EPIC) solutions for submarine cable projects. Sumitomo Electric will contribute its in-depth knowledge of the regional market and accumulated experience in the design and manufacturing of

Seaway 7 ASA has today confirmed the award of a sizeable(1) contract by China Steel Power Corporation Ltd for the transport and installation of the submarine cable system of the Zhong Neng Offshore Wind Farm in Taiwan. The award, first announced on 16th July 2020, is now confirmed with the project developers reaching final investment decision today and will now be included in the Seaway 7 backlog. China Steel Power Corporation Ltd is a joint venture company between China Steel Corporation and Copenhagen Infrastructure Partners. The Seaway 7 project scope includes 29 inner array grid cable