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VESSEL CHARTERING INDUSTRY DEDICATED SHIPBROKER


GRS Global Renewables Shipbrokers GmbH is the largest shipbroker worldwide that is purely dedicated to the offshore renewable energy market concerning wind, wave and tidal energy. Founded in 2011 and based in Hamburg, the company consists of more than a dozen brokers, each specialised in a certain type of vessel needed in the offshore renewables industry.


ESSENTIAL TASK Chartering vessels is one of the most essential tasks in organising the logistical chain of an offshore windfarm project. Selecting a vessel with the wrong capacities and capabilities can lead to enormous delay and cost exposure. Choosing the most suitable vessels for each and every task wisely is therefore of the utmost importance when building and operating an offshore windfarm.


PRICE VS. PERFORMANCE In most cases, of course, the vessel offering the lowest charter rate will not offer the best performance. Instead, charterers should rather look for the best/performance ratio as a decision making criterion. Two major factors have an important influence on the price/performance ratio of nearly all


TIMING


In addition to the above mentioned factors that apply to all types of vessels, the timing for chartering each of these vessels types varies greatly. In the case of installation and accommodation vessels, for example, it may be advisable to book the vessels 12 months before they are needed in the project.


vessel types used in the offshore energy industry – weather capability and fuel consumption. Vessels with higher ‘weather limits’, i.e. vessels capable of operating in harsher weather conditions, can finish the job faster, which leads to savings in charter costs, whereas a vessel’s fuel efficiency can have a substantial impact on its daily operating costs.


In comparison, smaller supply vessel for crew transfer or cargo runs to substations can be arranged at very short notice, simply because vessels of this type are more readily available on the market. Clients who closely monitor the market for specific vessel types may even be able to adapt their timing to current trends (supply and demand/seasonal fluctuations) and thus secure the best rates.


WHAT A BROKER CAN DO


GRS provides all the necessary knowledge along with a large network in the offshore renewables sector to save its clients’ money and time. Their complete independence from owners and charterers guarantees that the company is free to focus solely on their customers’ requirements and act in their interest.


Clients also benefit from the experiences gained in chartering vessels for all kinds of tasks in the offshore


industry. In addition to their in-depth market knowledge, the GRS experts are aware of the common pitfalls and risks involved with charter contracts and are able to help their clients avoid them.


Global Renewables Shipbrokers


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www.windenergynetwork.co.uk


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