Seatrium Inks LOl for Heavy Lift Vessel for Japan’s Wind Market

Wedoany.com Report-Nov 14, Seatrium Ltd has announced 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 5000 t fully-revolving heavy lift vessel project for the Japan wind market. Subject to the final investment decision by POC, the full EPC contract award is expected in 1Q25.

POC is Japan’s leading marine contractor with a keen interest to expand its business in the offshore wind sector. POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers, etc. for marine construction works as well as two turbine installation vessels equipped with an 800 t and a 1600 t 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.

William Gu, Executive Vice President of Seatrium Energy (International), said: “We are excited to announce the signing of a 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 honour to embark on this journey to jointly develop a wind foundation installation vessel with one of the heaviest lifting capacity vessel 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.”

Tetsunori Ohshimo, Senior Managing Executive Officer, Head of the Offshore Wind Construction Business Divisions Group, POC, added: “We are very pleased to have concluded an LOI with Seatrium, regarding the construction of an HLV equipped with a 5000 t 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.”