Seatrium Limited, through its subsidiary, has entered into a Letter of Intent (LOI) with Japan’s Penta-Ocean Construction (POC) for the early-stage engineering of a 5,000-ton fully-revolving Heavy Lift Vessel (HLV). This vessel is tailored for Japan’s offshore wind market, particularly for installing heavy monopile foundations needed for larger wind turbines. The full Engineering, Procurement, and Construction (EPC) contract is anticipated by Q1 2025, contingent on POC’s final investment decision.
Key Project Highlights
- POC’s Role in Offshore Wind: As Japan’s leading marine contractor, POC aims to expand its offshore wind operations, leveraging its experience with heavy lifting equipment and turbine installation vessels.
- Seatrium’s First Venture into Japanese Offshore Wind: The project marks Seatrium’s entry into Japan’s wind energy sector, aligning with its strategy to support the energy transition through innovative, cost-effective engineering solutions.
- Unique Capabilities of the Vessel: Once completed, the vessel will be one of the world’s largest, equipped with a 5,000-ton fully revolving crane, which will allow it to install heavy monopile foundations required for advanced wind turbines.
Statements from Project Leaders
- William Gu, Executive Vice President of Seatrium Energy, highlighted the collaboration as a significant opportunity for Seatrium to bring cutting-edge, high-capacity lifting solutions to Japan’s wind market.
- Tetsunori Ohshimo, Senior Managing Executive Officer at POC, expressed confidence that the HLV will be crucial in advancing Japan’s offshore wind infrastructure, meeting the growing demand for larger, more capable vessels as turbine sizes increase.
This collaboration represents a key milestone for both companies in contributing to Japan’s clean energy growth and furthering the development of global offshore wind capabilities.
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Source: Seatrium
