
Farra Marine
Operating crew transfer vessels to support the offshore wind energy sector.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
* | N/A | €15.0m | Early VC |
Total Funding | 000k |
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Farra Marine specializes in providing class-approved crew transfer vessels (CTVs) to support the offshore renewable energy sector. Operating primarily in the UK and European markets, the company focuses on delivering high-quality vessels that meet stringent international standards for build quality and environmental sustainability. Farra Marine's business model revolves around owning and operating a fleet of best-in-class vessels, ensuring operational efficiency and flexibility for its clients, which include offshore wind developers. The company generates revenue by leasing these vessels to clients for their renewable energy projects, aligning with ESG sustainability objectives. With a management team experienced in the offshore wind sector since 2011, Farra Marine is expanding its fleet, aiming to have 10 vessels in operation by the end of 2023. The company is committed to supporting safe and sustainable growth in the offshore renewable energy industry.
Keywords: crew transfer vessels, offshore renewable energy, sustainability, operational efficiency, UK market, European market, fleet expansion, ESG objectives, vessel leasing, build quality.