Dutch heavy lift joint venture BigRoll is going to be unwound from 1 January, only four-and-a-half years after its formation.
Spliethoff group company BigLift, a 50% partner in BigRoll, issued a statement on Monday saying that it “has decided to end its co-operation with Rolldock Shipping in the joint venture … as per 1 January 2018”.
Two of the module deck cargo ships contracted for the joint venture company – the 20,157 dwt BigRoll Barentsz (renamed BigLift Barentsz) and 20,081 dwt BigRoll Baffin (renamed BigLift Baffin), both delivered in 2016 – are going to be transferred to BigLift for future operations while the other two (20,157 dwt BigRoll Beaufort and BigRoll Bering) have already been placed with Rolldock Shipping.
A representative of BigLift, which operates 14 heavy-lift ships in total including the two module carriers, cited “different opinions about the commercial strategy of the company” as reason for the split. Ongoing contracts and tenders of BigRoll Shipping, though, would still be executed in co-operation with Rolldock, BigLift said.
BigRoll was launched back in 2013 for the transportation of ultra large and heavy modular cargoes, with contract gains including a multiyear contract of affreightment with Yamgaz, the consortium of Technip, JGC Corporation, and Chiyoda for the Yamal LNG project in the Russian Arctic.
At the time, the partners said they were jointly looking to provide “first-class solutions” to project shippers across the offshore and onshore oil and gas sectors, renewable energies, power generation, container cranes, and shipyard industries.