Mojo Maritime has signed a contract with German ship owner Hammonia to finance and build the ‘Hi Flo 4’, the first ship in a completely new class of offshore construction vessels.
As a result of the agreement, Mojo and Hammonia, along with other Technology Strategy Board project partners, are now working together to appoint a shipyard and secure the first charter for the ship.
The Hi Flo 4 is said to have “extraordinary operational potential” across a wide range of offshore construction roles, and is set to “revolutionise” the tidal energy sector.
As part of the agreement with Hammonia, Mojo will be providing specialist offshore engineering and operations expertise.
Richard Parkinson, MD of the Falmouth-based company, said: “We are delighted to be working with Hammonia Reederei. They share our vision for the Hi Flo 4 vessel, and the two companies have highly complementary skill sets.
“Hammonia’s commitment to Hi Flo 4 demonstrates not only their confidence in the vessel, but also in the team that has brought the ship to this advanced design stage. It is a great day for Mojo.”