Marco Polo Marine Eyes Offshore Wind Work in Japan

Tuesday, December 6, 2022

Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard.

Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the Japanese offshore wind sector.

The agreement marks Marco Polo Marine’s entry into another offshore wind market in Asia, in addition to Taiwan, which it entered by acquiring PKR Offshore, an established Taiwan-based wind vessel operator, in May this year. 

Marco Polo Marine also commissioned the development of a new Commissioning Service Operation Vessel (CSOV) at its Batam shipyard in early September to expand its service offerings to support the offshore wind farm sector.



"K" Line Wind Service was set up in June 2021 as a joint venture between Kawasaki Kisen Kaisha, Ltd. (“K” Line) and Kawasaki Kinkai Kisen Kaisha, Ltd. for the purpose of providing marine related services for offshore wind power business. 

“As Japan unlocks the potential of its offshore wind as a reliable source of energy, we believe the market can become a key revenue-driver for Marco Polo Marine. With KWS as our strategic partner, we intend to pool together our expertise in vessel management and leverage on their deep knowledge of the Japanese market to support the pipeline of offshore wind projects in the region,” said Sean Lee, CEO of Marco Polo Marine. 

Marco Polo Marine has cited the Global Wind Energy Council (GWEC), according to which Japan has around 128 GW of fixed-bottom offshore wind potential and 424 GW of floating offshore wind potential.

The Japanese government has set a target to achieve 10 GW of offshore wind by 2030 and 30-45 GW by 2040.

Categories: Offshore Energy Vessels Offshore Wind Activity Asia Construction Vessel

Related Stories

Seatrium Secures ABS Backing for Deepwater FPSO Design

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

China Starts Production at Major Oil Field in Bohai Sea

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com