What CBED does

CBED (legal entity C-BED Holding A/S) is a Danish offshore accommodation and walk-to-work vessel operator founded in 2008 and headquartered in Fredericia, Denmark. It operates as a privately held subsidiary of the Monjasa Group, fully owned by Monjasa co-founder Anders Østergaard. CBED pioneered the offshore floating-hotel concept for the offshore wind industry and was the world's first shipowning company to offer dedicated walk-to-work services to that sector.

The company operates a fleet of three purpose-built Service Operation Vessels: Wind Innovation (rebuilt 2015–2016 from a former seismic survey vessel, accommodating up to 105 clients with DNV Comfort Class III certification), Wind Evolution, and Wind Creation (the latter two acquired from Vroon in late 2023 and entering operations from Q2 2024). All vessels are equipped with Kongsberg DP2 dynamic positioning systems, motion compensated gangways (operational heights from 11.95m to 32m), 50-tonne AHC cranes, sheltered cargo and workshop facilities, and onboard offices. CBED holds ISO 9001, 14001, 45001, 50001, and 27001 certifications.

CBED serves offshore wind developers and operators across Northern Europe (UK, Netherlands, Germany, Denmark, France) and, to a lesser extent, oil and gas operators. Named customers include Ørsted, Vattenfall, Siemens Gamesa Renewable Energy, MHI Vestas Offshore Wind, RWE Renewables, Trianel, and Hughes Subsea (OEG Renewables). Revenue is generated through long-term charter contracts typically awarded via competitive tendering, on a quote-based, multi-year subscription model. Sales are executed through direct enterprise field sales. The company employs 134 staff and operates a Dubai office presence via the parent group.

Name

CBED

Legal name

C-BED Holding A/S

Website

https://c-bed.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

CBED is a Danish offshore accommodation vessel operator that provides walk-to-work SOV and CSOV charter services to offshore wind and oil and gas operators across Northern Europe using three purpose-built DP2 vessels.

Ownership category

akta.pro rank

Product category

Offshore Vessel Charter Services

NAICS

Other Support Activities for Water Transportation (48839)

SIC

Water Transportation (4400)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Offshore/Remote Port Call & Anchorage Services (Launch Boats, Crew Boats, Supply Runs) (TLAHAJAM)

Keywords

• Offshore accommodation services
• Walk-to-work vessels
• Service operation vessels
• Offshore wind support
• CSOV charter services

Headquarters

HQ city

Fredericia

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Vessel Charter Services: CBED generates revenue through long-term charter contracts for its fleet of walk-to-work and service operation vessels. Contracts typically cover accommodation, logistics, and walk-to-work services for offshore energy projects. Revenue is based on contracted day rates or project fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

CBED operates and charters a fleet of purpose-built walk-to-work Service Operation Vessels (SOVs) and Construction Service Operation Vessels (CSOVs) to offshore wind and oil & gas operators. The vessels provide offshore accommodation, logistics, storage, office facilities, and motion-compensated gangway-based personnel transfer to offshore installations. CBED generates revenue through long-term charter contracts with major offshore energy companies across Northern Europe.

Product overview

CBED operates as a fleet-based offshore accommodation service provider, offering Construction and Service Operation Vessels (CSOV/SOV) for the offshore energy sector. The company provides a portfolio of three purpose-built walk-to-work vessels: Wind Innovation (largest, 105 berth capacity), Wind Evolution, and Wind Creation (both 60 client capacity). These vessels offer offshore accommodation, storage, office facilities, and crew transfer services for offshore wind and oil & gas projects across Northern Europe. All vessels feature DP2 dynamic positioning systems, motion compensated gangways for safe personnel transfer to offshore installations, and are equipped with cranes for cargo handling and IRM projects.

Differentiator

Problem solved

Functional benefit

Brands

• Wind Innovation: DP2 walk-to-work accommodation vessel with 80 single cabins and option of 105 clients; originally rebuilt from a seismic survey vessel in 2016.
• Wind Evolution
• Wind Creation

Products and services

• Wind Innovation DP2 walk-to-work accommodation vessel offering offshore accommodation, storage, and office facilities for offshore wind and oil & gas projects. Features motion compensated gangway, 80 single cabins with option of 105 clients, and DNV Comfort Class III certification.
• Wind Evolution Walk-to-work accommodation vessel equipped with Kongsberg DP2 system, motion compensated gangway, 50 tonnes AHC crane, and 5 tonnes 3D motion compensated crane. Accommodates 60 clients plus 27 crew with onboard offices and conference rooms.
• Wind Creation Walk-to-work accommodation vessel equipped with Kongsberg DP2 system, UPTIME 30m AMC motion compensated gangway, and 50 tonnes AHC crane. Accommodates 60 clients plus 27 crew with onboard offices, conference rooms, and leisure facilities including fitness room, cinema, and gaming facilities.
• Walk-to-Work CSOV/SOV Charter Services Construction and Service Operation Vessel charter services providing offshore hotel and project logistics solutions. Offers tailor-made offshore accommodation with extensive storage, office facilities, and walk-to-work gangway operations for offshore wind and oil & gas industries.

Quantifiable outcome

• 96% utilization rate achieved for Wind Innovation during 2022
• +3 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• Hughes Subsea (OEG Renewables)coreStrategic or Co-development Partner · 1 April 2024Hughes Subsea contracted Wind Evolution for walk-to-work services at the Dogger Bank offshore wind farm. Contract was extended one year through January 2026. This marked the first collaboration between Hughes Subsea and CBED.
• Siemens Gamesa Renewable EnergycoreStrategic or Co-development Partner · 1 April 2024Siemens Gamesa contracted Wind Creation for walk-to-work and commissioning services at an offshore wind farm in the Netherlands. Project commenced end of Q2 2024 and ran through Q1 2025.
• Vroon Holding BVcoreOthers · 1 December 2023Vroon sold two sister vessels (formerly Vos Start and Vos Stone) to CBED. The vessels were delivered end of Q1 2024 and underwent dry-docking for refurbishing, name changes, and painting according to CBED fleet design. Both Wind Evolution and Wind Creation joined the CBED fleet ready for operations starting Q2 2024.
• ØrstedcoreStrategic or Co-development Partner · 1 May 2023Ørsted contracted CBED for commissioning support at Gode Wind 3 and Borkum Riffgrund 3 offshore wind farms with Wind Innovation. Project secured full activity from Q1 to Q4 2024.
• VattenfallcoreStrategic or Co-development Partner · 1 May 2022Vattenfall contracted CBED for operations and maintenance services at DanTysk and Sandbank offshore wind farms with Wind Innovation. The project was a joint venture between Vattenfall and Stadtwerke München.
• MHI Vestas Offshore WindcoreStrategic or Co-development Partner · 1 January 2020MHI Vestas contracted CBED for a multi-wind-farm upgrade project spanning four wind farms across UK, Germany, and Belgium. Wind Innovation served as project base camp.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• DeepOcean: Dutch/Norwegian subsea and offshore service company that operates chartered vessels for IRM (inspection, repair, maintenance) work on offshore wind farms. Comparable as an offshore wind service provider though more subsea-focused than pure accommodation/SOV.

Broad incumbents

• Maersk Supply Service: Danish offshore service vessel operator within the Maersk group (sister to ESVAGT). Operates AHTS, PSV, and offshore wind service vessels globally — a broader incumbent with comparable walk-to-work technology through ESVAGT.
• Siem Offshore: Norwegian offshore vessel owner-operator with AHTS, PSV, and SOV exposure serving both oil & gas and offshore wind. Comparable in SOV segment though broader in overall fleet composition.
• DOF Group: Large Norwegian offshore service vessel operator with global AHTS, PSV, and subsea construction fleet. Overlaps with CBED at the offshore service vessel level but operates at much greater scale and broader scope.
• Solstad Offshore: Large Norwegian offshore vessel owner with a diverse fleet (AHTS, PSV, subsea) and growing offshore wind exposure. Overlaps with CBED in offshore vessel services but operates much more broadly.

Direct peers

• ESVAGT: Denmark-based and Europe's largest dedicated SOV/CSOV operator, now owned by A.P. Møller - Maersk. Operates a fleet of ~40+ SOVs serving the same offshore wind developer customers (Ørsted, Vattenfall, RWE) and competes head-to-head for major European framework agreements.
• Havfram: Norwegian offshore wind vessel operator (formerly known as Blue Shipping/Østensjø offshore wind) focused on SOV/CSOV services for European offshore wind developers. Comparable pure-play offshore wind strategy.
• Vroon Offshore: Dutch offshore vessel operator and the seller of Wind Evolution and Wind Creation to CBED. Operates PSVs, SOVs, and subsea vessels serving offshore wind and oil & gas — directly comparable fleet type and customer overlap.
• Edda Wind: Norwegian pure-play SOV/CSOV operator with a growing fleet of walk-to-work vessels commissioned specifically for European offshore wind. Comparable business model, customer base, and vessel specification (gangway, DP2, accommodation) to CBED.
• North Star: UK-based SOV operator with rapidly growing fleet serving Dogger Bank, Hornsea, and other major European offshore wind farms. Directly comparable vessel type and customer base, with similar walk-to-work service offering.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/c-bed

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CBED