Supporting offshore energy with strategic financing for oil, gas, and wind support vessels

From enduring harsh weather conditions to operating in deep waters, offshore oil and gas extraction and renewable energy installations demand precise execution.

Construction Support Vessels (CSVs) play a key role in installing subsea infrastructure, maintaining platforms, and developing offshore wind farms. Equipped with advanced technology such as dynamic positioning systems and heavy-lift cranes, CSVs are designed to perform a wide range of tasks with precision and efficiency. As demand for offshore energy grows, the reliance on CSVs is expected to increase¹, making them indispensable assets in the industry.

Recognising this growing sector, Macquarie’s Shipping Finance team – part of Commodities and Global Markets – identified an opportunity to expand its support to clients. In early 2024, the team began collaborating with Macquarie’s oil and gas and offshore wind specialists to understand the offshore value chain and resilient ship types.

This collaboration, combined with the deep commodities and energy expertise of Macquarie’s energy specialists, led the team to start to offer financing for offshore vessels.

In line with this trend, a well-established American maritime focused investment company was seeking to expand into the offshore service vessels market to widen its portfolio, after having success with chemical tankers. The company sought Macquarie’s support to finance two modern multi-purpose offshore vessels in a competitive bid.