CONTENT PREVIEW
Sea Platforms

Norway set to write off salvaged frigate

20 May 2019
Follow

Norway is set to write-off the damaged Fridtjof Nansen-class frigate KNM Helge Ingstad after a report found that repairing the salvaged ship would cost more than buying a new-build replacement.

Released on 15 May, the analysis prepared by the Norwegian Defence Materiel Agency (Forsvarsmateriell) estimated that repairs would cost NOK12-14 billion (USD1.4-1.6 billion) and take more than five years. The cost of purchasing a new similar vessel is estimated at NOK11-13 billion, with a similar time to completion.

Commissioned into the Royal Norwegian Navy in September 2009, Helge Ingstad was severely damaged on 8 November 2018 after colliding with the tanker Sola TS in waters just outside Ågåtnes oil terminal in Hjeltefjorden.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(136 of 747 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT