Operis provided a formal model audit for North Star Shipping, the UK market leading provider of marine offshore infrastructure support services, auditing the model built for the purpose of pricing and structuring the raising of £96m of debt from Allianz Global Investors to finance three Service Operations Vessels.
The vessels will be provided to the Dogger Bank offshore windfarm, with delivery of the final vessel being in summer 2024.
This work continues Operis’ involvement in the Dogger Bank project, which will be the largest offshore wind farm in the world upon completion, having provided the formal model audit for Dogger Bank A and B.