Roald Hartvigsen's questions to Cadeler A/S (CDLR) leadership • Q1 2025
Question
Roald Hartvigsen of Clarksons Securities inquired about the operational performance of the new generation vessels, specifically Wind Peak and Wind Maker, and whether rising yard prices could make secondhand vessel acquisitions a more viable growth option.
Answer
Executive Mikkel Gleerup reported that the new vessels are performing well and achieving envisioned installation rates. He noted that learnings from the first vessel, Wind Peak, have already led to improvements on subsequent newbuilds. Regarding the secondhand market, Gleerup acknowledged it could be an option for some but cautioned that there is very limited quality available, posing a risk of acquiring assets that could become 'deadweight' in a few years.