Buyers lining up for rare Noosa waterfront acreage

first_imgSpacious kitchen allowing multiple people to be in the room without cramping anyone’s culinary style.With almost 17,000 sqm of land, the five bedroom, four bathroom, five car space house was great for privacy, he said.“It’s one of its most profound features. You can’t actually find a home of this scale in a normal residential position. You’d generally have to push beyond residential.”“This is an interesting mix with more than enough room for friends and just across from popular (Noosa sites).” More than enough room for a seriously good time.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoInterest has come out of Queensland, Melbourne and internationally, he said.“It’s set on the bank of the Noosa River, near the rivermouth so it’s protected in the river but literally only just across the water from Noosa central and Hastings Street and all that Noosa has to offer there. It has the privacy and scale that feels like a resort yet the convenience of being close to all the things people love about Noosa.” Bespoke living.Among the home’s features were five metre high ceilings with electronic louvred windows, ducted airconditioning that runs off a 7kw solar system, over 1,000 sqm under roof with enough space to comfortably accommodate 14 people, a kids retreat, separate media room, internal courtyard, fully tiled pool, outdoor gazebo and an external shed that can accommodate two boats. The current owners drive their boat from the beach to their backdoor. The owners drive their boat from the beach to their door. Noosa houses lead Brisbane, Goldie Love it or list it? Massive city mansion hits market “It’s new to market and we’ve certainly got inspections lined up already. We’ve got people flying in to inspect the property so it’s really exciting. We’ve seen some strong interest. This sort of marquee position doesn’t come up often.” The home has been immaculately kept.The house is for sale by tender — applications for which close at 5pm on October 19.“This never to be repeated opportunity is arguably one of Noosa’s most iconic properties,” was how Mr Reed listed the home. Noosa’s North Shore has seen its median house price almost double in five years, according to CoreLogic. FOLLOW SOPHIE FOSTER ON FACEBOOK This home at 2 Frying Pan Track, Noosa North Shore, is more like a resort than a house.A RARE Noosa waterfront acreage home that’s more luxury resort than house already has buyers booked to fly in for inspections just days after listing.Called Eden, the 1.61 hectare property is in North Shore, about 700m by boat across the Noosa River from the Spit and the popular Hastings Street area.Agent Adrian Reed, who’s marketing the property with Reed and Co colleague Darren Neal, told The Courier-Mail that the property at 2 Frying Pan Track was not just a premium size but in a premier position. A master suite that dreams are made of.last_img read more

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Population boom: QLD the nation’s new interstate migration capital

first_imgA recovery in Queensland’s mining sector is helping to boost economic growth.SQM Research managing director Louis Christopher agrees.“There are more southerners moving from Sydney and Melbourne to southeast Queensland to take advantage of the standard of living and better housing affordability — both on the buyer front and the rental front,” Mr Christopher said.“Why this is happening now, as opposed to five years ago, is because job creation has increased in the Brisbane and the southeast Queensland economy.” Queensland’s relatively affordable housing market is attracting interstate migrants. Image: AAP/Glenn Hunt.Realestate.com.au chief economist Nerida Conisbee said many homeowners in Melbourne and Sydney were recognising the value in the Brisbane property market and seeing it as a good time to buy.“Brisbane has been fairly flat over the last few years and we know the economy is doing better and there has been a return in mining and engineering roles, so it’s quite different to what we’re seeing in Sydney and Melbourne, where it makes sense for people to hold out until things calm down,” Ms Conisbee said. Experts say Queensland’s housing market and lifestyle is attracting people to the state. Picture: AAP/David Clark.Experts say Queensland’s improving economy, standard of living and relatively affordable housing market are driving the surge in interstate migration. More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“I think what’s happened is that with house prices in NSW becoming unaffordable for many at a time where southeast Queensland markets haven’t moved much, people are starting to think there’s better value in Queensland,” AMP Capital chief economist Shane Oliver said. Queensland’s population increased 1.7 per cent in the year to March 2018.Victoria was the next most popular among interstate movers, with a net gain of 15,100.ABS demography director Anthony Grubb said it was the first time in four years that Queensland had overtaken Victoria in terms of net interstate movement.“Before that, Queensland was the biggest gainer for 20 years, excepting a brief period in 2011 when Western Australia overtook it,” Mr Grubb said.“The most common move between states was from New South Wales to Queensland with 52,000 people making the move north.“The next most common move was in the opposite direction with 36,900 people moving from Queensland to New South Wales.” Queensland has overtaken Victoria to become the nation’s interstate migration capital. Image: AAP/Darren England.QUEENSLAND has overtaken Victoria to become the nation’s interstate migration capital, with new-found economic optimism and a resilient housing market luring an influx of southerners north.The latest population figures released by the Australian Bureau of Statistics reveal the sunshine state was the most popular destination for people moving from other states in the 12 months to the end of March.Queensland recorded a net interstate migration gain of 24,000 people during the period, with the population increasing overall by 1.7 per cent or 83,300 to 4.9 million. New ABS population figures show more people are moving to Queensland.“Brisbane is now looking more positive than last year, so if you are looking to get into the market, I think now is a good time.” Australia’s population grew by 380,700 in the 12 month period to 24.9 million, with 62 per cent of the growth attributed to net overseas migration. Houses in the Brisbane suburb of Paddington. Image: AAP/Darren England.“People in Sydney are saying it’s too crowded, too expensive and they’re looking elsewhere — and Queensland has benefited from that.”Mr Oliver said employment in the state had increased by 1.9 per cent in the past 12 months, which meant there were more jobs available.“The Queensland economy had been held back by the end of mining investment boom but that drag is starting to fade,” he said.last_img read more

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New beachside suburb in the running to become the Gold Coast’s most expensive

first_img jessica.brown@news.com.au MORE NEWS: New home hot spots revealed REIQ Gold Coast zone chairman Andrew Henderson.He said the suburb’s proximity to the Gold Coast Airport and popular surf breaks made it particularly appealing.The median house prices are based on 66 sales in Mermaid Beach over the past year and 16 in Bilinga, which suggested a few million-dollar sales were skewing the figures.Mr Henderson believed that once the data to the start of April was revealed, it would paint a different picture as there had been a number of million-dollar sales at Mermaid Beach during that period.Ray White Mermaid Beach agent Troy Dowker, who has sold several multimillion-dollar properties at Bilinga over the past year, backed Mr Henderson’s comments.He said when Bilinga’s prestige market dried up, the median would drop back.DJ Stringer Property Services principal David Stringer said houses in the area were already highly sought-after while five to seven-storey height limits meant new boutique beachfront developments were also on offer. Bilinga’s median house price is catching up to Mermaid Beach’s following several multimillion-dollar sales in the past year.Mermaid Beach’s median soared to $1.5 million last year, which marked a record for the Gold Coast, but it has since gradually declined to $1.385 million while Bilinga’s has rocketed to $1.3 million.REIQ Gold Coast zone chairman Andrew Henderson (pictured) believed Mermaid Beach would always reign supreme but said there was merit in Bilinga’s increased popularity.“It’s obviously heating up the competition between the two but whether it will pass (Mermaid Beach), I can’t see that happening,” he said.“But as new houses get built and more people appeal to the area … I think that (Bilinga) could be held in high esteem.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Bilinga for a long time was probably under valued.” MORE NEWS: Imagine owning a castlecenter_img Another Gold Coast suburb is in the running to take Mermaid Beach’s title as the city’s most expensive.MERMAID Beach has long held the title as the Gold Coast’s most expensive suburb, but a new contender is hot on its heels.Bilinga joined the Coast’s million-dollar club in November and has been close to surpassing Mermaid Beach’s median house price for months.CoreLogic data to December showed there was only a $50,000 difference between the two, which stretched to $85,000 in January. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59last_img read more

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H4Living sees demand for high-performing passive homes

first_imgFrom the outside this Georgian-inspired home at Bridgeman Downs blends seamlessly in with its elegant neighbours, but on the inside it’s one of Australia’s few high-performing passive homes.From the outside this Georgian-inspired home at Bridgeman Downs blends seamlessly with its elegant neighbours, but on the inside it’s one of Australia’s few high-performing passive homes.And that’s exactly the point, according to Jorge Guerreiro of the design and building company, H4Living.“Beautiful homes can have passive design principles,” Mr Guerreiro said.“It comes down to the finer details of the construction and the products used, and together these offer a wholistic approach focusing on ‘build better to live better’.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:05Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:05 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenInside Kyle Sandilands $3 million country retreat01:05 H4Living has completed a number of high-performance homes in Australia. Inside the Georgian-inspired home at Bridgeman Downs.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoMr Guerreiro noted 80,000 high-performing passive homes have been constructed worldwide.“A home built to the Passivhaus standard is a highly energy efficient home which achieves high thermal comfort and exceptional indoor air quality with minimal energy consumption,” Mr Guerreiro said.Some of the materials used include windows that are double glazed, continuous wall and ceiling insulation and air sealing barriers that envelop the home.When fitted with features like solar panels, passive homes can also easily achieve nett zero energy consumption.Mr Guerreiro conceded state-of-the-art homes cost more, adding around 7 to 10 per cent to the price of a build, but said the reduced energy consumption and lifestyle benefits mitigated the initial outlay.H4Living has completed a number of high-performance homes in Australia, with further homes currently in the design process.“Demand for high-performing passive homes is increasing as knowledge spreads,” Mr Guerreiro said.center_img Completed late last year, the property is airtight, includes super insulation to eliminate heat loss or gain, and has an energy recovery ventilation system.These features allow the home to remain at a stable and constant temperature, with no temperature variation between floors, and up to 90 per cent less energy required for heating and cooling.The home was designed to meet high-performance Passivhaus design principles, now starting to be recognised globally. The Georgian-inspired home at Bridgeman Downs.last_img read more

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Brisbane home prices: Find out what your suburb is now worth

first_img1. Carindale 13.4%2. Indooroopilly 13.3%3. Chapel Hill 12.7%4. Hendra 10.8%5. Brighton 10.6%6. Coorparoo 10.6%7. Mount Gravatt East 8%8. Calamvale 8%9. Morningside 7.8%10. Wavell Heights 7.4% Renee Jackson at the apartment she is selling in New Farm, which saw the highest unit price growth in Brisbane in the September quarter. Image: AAP/John Gass.IT IS one of the fastest growing regions in the country and now house prices in Moreton Bay are catching up, with homeowners in some suburbs pocketing double digit gains in just a few months.Housing affordability and high levels of infrastructure spending pushed up house prices in the suburbs of Woody Point and Scarborough by a whopping 29 per cent in the September quarter. Scarborough Beach pictured from The Esplanade, Scarborough. The median house price in the suburb jumped 29 per cent in the September quarter, according to the REIQ.The latest Real Estate Institute of Queensland quarterly market monitor, released exclusively to The Courier-Mail today, reveals Greater Brisbane’s housing market improved slightly over the year, while the unit market underperformed.The annual median house price for Brisbane LGA fell 0.4 per cent for the year to the end of September to $675,000. This four-bedroom house at 9 Kalimna Street, Loganholme, is for sale for offers over $499,000.But many suburbs posted strong price gains, including Loganholme, where the median house price jumped 16.8 per cent, and Carindale and Indooroopilly, which saw house price gains of 13 per cent.New Farm recorded the strongest growth in apartment prices, with the median unit price jumping more than 23 per cent in the quarter. This four-bedroom apartment at 3/81 Moray St, New Farm, is for sale.Unit prices in neighbouring Teneriffe also outperformed by 14.3 per cent.“REIQ data shows that Queensland’s market remains less volatile that southern markets, providing relative stability for homeowners and investors,” REIQ CEO Antonia Mercorella said.“Interest rates remain low and banks continue to loosen mortgage restrictions to enable more buyers to access home loans.” REIQ CEO Antonia Mercorella. Photo: Claudia Baxter.Brisbane couple Renee and Jonathan Jackson are selling their three-bedroom, two-bathroom apartment in New Farm with a price guide of $1 million.Mrs Jackson said it was a difficult decision to put the property at 10/108 Sydney Street on the market because it was “the size of a small house and opposite New Farm Park”. Unit prices in New Farm increased 23 per cent in the September quarter, according to the REIQ.She said she was surprised unit prices had increased so sharply in the suburb.The couple are hoping to buy a house with a backyard to start a family.“It would be lovely to be able to afford a house in New Farm, but it will depend on prices,” Ms Jackson.“If we found a cottage we could renovate, that would be great.” This unit at 10/108 Sydney St, New Farm, is for sale.Marketing agent Aaron Woolard of Place – New Farm said he was surprised by the 23 per cent jump in the median unit price in the suburb, but had noticed a definite increase in how much buyers were prepared to pay.“Every (unit) sale we’ve been doing recently has been a little bit above the last one in the building,” Mr Woolard said.He said apartments were in strong demand in New Farm because there was a shortage of stock.“There just isn’t a lot to choose from,” he said.“Two-bedroom, two-bathroom (units) are always consistently popular, but one and two bedders are also bringing appeal.” This four-bedroom house at 45 Kate St, Woody Point, is on the market.Terry Ryder’s Hotspotting report named the Moreton Bay region as one of the top 10 for investors to buy right now, with its proximity to the Brisbane CBD and Sunshine Coast, plus its many lifestyle attractions, proving attractive.“This is attracting interstate migrants, first-home buyers and investors to the area, driving strong demand for housing,” it said. House prices have jumped in the Moreton Bay suburb of Scarborough.“With ample land suitable for development, combined with recent changes to rezoning laws, the number of applications for residential ­estates has increased in the last 12 months.“These are accompanied by construction of the $2 billion North East Business Park and a new university campus, which are creating new employment in the area.” Woody Point house prices grew 29 per cent in the September quarter, according to the REIQ. Image: AAP/Richard Walker.But Ms Mercorella said she was concerned about the state government’s proposed rental reforms, which she said had the potential to deter future investors from entering the rental market and threatened to push current investors out.“The proposed new laws are a slap in the face to every day ‘mum and dad’ property owners who provide the majority of housing to Queensland’s renters,” Ms Mercorella said.“If these laws come to pass, they have the potential to derail the stability of the rental market, and we are already seeing signs of this, with agents reporting an increase in inquiries from investors looking to sell their properties.” Suburb Quarterly change in median sale price TOP 10 GREATER BRISBANE SUBURBS FOR HOUSE PRICE GROWTH SEPT QTR Suburb Quarterly change in median sale price 1. Woody Point 29.3%2. Scarborough 28.3%3. Loganholme 16.8%4. Crestmead 11.5%5. Alexandra Hills 10%6. Hillcrest 9.7%7. Marsden 7.5%8. Goodna 6.8%9. Petrie 6.8%10. Wellington Point 6.8% TOP 10 BRISBANE LGA SUBURBS FOR HOUSE PRICE GROWTH IN SEPT QTR 1. New Farm 23.1%2. Teneriffe 14.3%3. Calamvale 4.5%4. Indooroopilly 2.6%More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago5. Clayfield 2.5%6. West End 2.2%7. Carina 1.7%8. Carina Heights 0%9. Newstead -0.2%10. Nundah -1.9% TOP 10 GREATER BRISBANE SUBURBS FOR UNIT PRICE GROWTH SEPT QTR 1. Cleveland 10.7%2. Redcliffe -12.9%3. Caboolture -31% 4. N/A5. N/A6. N/A7. N/A8. N/A9. N/A10. N/A(SOURCE: REIQ, data obtained from CoreLogic RPData (www.corelogic.com.au). Suburbs listed are those with more than 19 sales for the quarter. Those suburbs with 19 sales or less are not included. Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ. Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2019. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.) TOP 10 BRISBANE LGA SUBURBS FOR UNIT PRICE GROWTH IN SEPT QTR Suburb Quarterly change in median sale price Suburb Quarterly change in median sale pricelast_img read more

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Haxall Canal Dredging Kicks Off

first_imgThe Virginia’s City of Richmond Department of Public Utilities (DPU) has started a new round of dredging works on the Haxall Canal, as part of their maintenance dredging program.The Haxall Canal, which starts from the head gates near the west end of Brown’s Island and extends to the 12th Street level control structure, has accumulated large quantities of sediment from the James River and has reached levels that undermine the functionality of the level control structure and head gates, in addition to the aesthetic features the canal provides to the city.This project will remove these large quantities of sediment that have deposited in the canal, and comes after a survey and assessment completed this summer.The dredging operations will require the canal to be drained for approximately four months, with work ending May 1, 2019.The Haxall Canal was previously drained and dredged of sediment in 2008. The city is expected to perform this required maintenance every 10-15 years.In addition to routine dredging maintenance, the canal is periodically drawn down to lower levels for routine maintenance most often associated with cleaning trash and debris that undermine the functionality of the head gates and level control structure.last_img read more

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OPT Gets $15.7M from Public Offering

first_imgOcean Power Technologies (OPT) has closed its public offering of common stock, pre-funded warrants and common warrants, raising approximately $15.7 million in net proceeds.The New Jersey-based wave energy conversion specialist issued 900,000 shares of common stock, pre-funded warrants exercisable for close to 3.39 million shares of common stock, along with common warrants exercisable for about 4.29 million shares of common stock.In addition, OPT issued 642,000 shares of additional common stock and common warrants exercisable for 642,000 additional shares of common stock as the underwriter of the offering exercised in full its over-allotment option.A.G.P./Alliance Global Partners acted as the sole book-running manager for the offering.last_img

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Klaipeda LNG terminal fully booked until October 2020

first_imgImage courtesy of Klaipedos NaftaCapacities at Lithuania’s first and only import terminal in the port of Klaipeda have been fully booked until the end of the gas year 2020.Klaipedos Nafta said on Monday that the terminal was fully booked for the rest of the gas year which is calculated from October 1 until September 30 of the following year.In April, about 1.48 TWh of gas were regasified at the LNG terminal (28.3 percent more than in April last year), and in May, a total of 1.75 TWh of gas were regasified (21 percent more than in May 2018).June was even more efficient for the terminal. It accepted two big gas carriers with 278,000 cbm of LNG and three small gas carriers with 28.500 cbm of LNG. Since the beginning of this year, Klaipėda LNG terminal accepted 23 gas carriers.Arūnas Molis, head of Klaipėda LNG Service of KN, said: “The demand of Klaipėda LNG terminal is determined by the favorable situation in the international markets. June was the most intensive month in terms of the use of the terminal, what considerably determined the growth of the regasification indicators.”In June, the LNG terminal reached its record scope of activities – about 2.4 TWh of natural gas were regasified and submitted to the natural gas transmission system, which is approximately the same as the total amount of gas during the first summer month consumed in all the three Baltic States.In June this year, the regasification amount was almost 200 percent higher than in June last year when a total of 0.8 TWh of gas were regasified.In July, the terminal is planning to accept two big and two small gas carriers. Repair works of the gas transmission point from Belarus to Lithuania is scheduled this month. Therefore, the gas to Lithuanian consumers will be submitted only from Klaipėda LNG terminal during a three-week period.Also during July, the world’s largest LNG feeder and bunker vessel Kairos will arrive at Klaipėda. As of September 30, ten percent of the shares of the vessel will be held by German company Nauticor under the agreement concluded in April.The vessel Kairos, which will arrive in July to Klaipėda for the fifth time, will perform a reload operation from the FSRU based in the Klaipėda LNG terminal to the onshore LNG reloading station located at the gateway of the Port of Klaipėda.last_img read more

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Niewohner Construction Wins USACE Contract

first_imgThe U.S. Army Corps of Engineers, Omaha District, awarded an $183,000 construction contract to repair the damages to the Pierce – North Branch Elkhorn River Right Bank levee system Wednesday.The Pierce levee system, damaged by the 2019 spring flooding, is approximately 2.5 miles long, running along the northern and western boundary of the City of Pierce, Nebraska.According to USACE, this system provides an increased level of flood risk management for over 550 structures and approximately 1,100 people.“This is the first of full rehabilitation projects to begin addressing damages to the smaller tributary systems throughout the Omaha District Area of Responsibility that were damaged during the 2019 spring flooding,” said Jeff Bohlken, Program Manager for the Omaha District Systems Restoration Team. “However, we are anticipating that we will have 5-10 more of the tributary projects ready for award within the next two months to continue these repair efforts.”The contract was awarded to Niewohner Construction of Onawa, Iowa, and the period of performance for the contact is 60 calendar days.The repairs will restore the levee system to its pre-flood condition.last_img read more

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IOVTEC and VOMS Sign Offshore Wind Deal in Taiwan

first_imgInternational Ocean Vessel Technical Consultant (IOVTEC) and Valour Offshore Marine Services (VOMS) have formed a strategic alliance to provide services for the offshore wind market in Taiwan.The two parties signed a Memorandum of Understanding (MoU) under which they will bring the DP vessel Avatar Courage, owned by Singapore’s VOMS, into Taiwan to support the market.IOVTEC and VOMS will utilize the recently re-flagged Avatar Courage to provide geotechnical surveys, bubble certain solutions, heavy spare part transportation and crew accommodation services.The multi-purpose DP1 Anchor Handling Tug Supply Vessel (AHTS) recently completed work on its first offshore wind project in Taiwan, IOVTEC said.“We are excited to devote new assets to support this blooming market and proud to have the chance working with our partner VOMS. As a local company, IOVTEC is devoted to providing optimal local solutions,” said Vincent Tsai, Chief Executive Officer of IOVTEC.last_img read more

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