Seatrium Inks letter of intent for a heavy lift vessel for Japan’s Wind Market
Seatrium Limited (Seatrium, or the Group) is pleased to announce that its subsidiary has signed a Letter of Intent (LOI) with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a 5,000t fully-revolving Heavy Lift Vessel (HLV) project for the Japan wind market. Subject to the final investment decision by POC, the full EPC contract award is expected in 1Q 2025.
POC is Japan’s leading marine contractor, with a strong interest in expanding its business in the offshore wind sector. POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers for marine construction works, as well as two turbine installation vessels equipped with a 800t and a 1,600t lifting capacity crane, respectively. In Singapore, POC is a main contractor in various marine and land civil engineering and building projects, including the development of Pasir Panjang Terminal Phase 3 and 4, the Tuas Mega Port, LTA projects, and ION Orchard.
Mr. William Gu, Executive Vice President of Seatrium Energy (International), said: “We are excited to announce the signing of an LOI with Penta-Ocean Construction that marks the start of our close collaboration with our esteemed partner and our very first project for the Japanese offshore wind market. It is a great honor to embark on this journey to jointly develop a wind foundation installation vessel with one of the heaviest lifting capacity vessels in the world. The project underscores Seatrium’s commitment to work closely with our partners to provide innovative and cost-effective solutions that help accelerate the energy transition.”
Mr. Tetsunori Ohshima, Senior Managing Executive Officer, Head of the Offshore Wind Construction Business Divisions Group, POC, said: “We are very pleased to have concluded an LOI with Seatrium regarding the construction of an HLV equipped with a 5,000t fully revolving crane. The HLV is essential for the installation of increasingly heavy monopile foundations due to larger wind turbines. We expect the HLV to make a significant contribution to the development of offshore wind in Japan.”
This article was originally published on Marine & Industrial Report newspaper Vol 46 No.6 Issue last December 31, 2024.
