Seatrium Limited (Seatrium, or the Group) 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 5,000t 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 1Q 2025. 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 a 800t and a 1,600t lifting capacity crane respectively.
In Singapore, POC is a main contractor in various marine & 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.
Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types. The Group’s key business segments include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies, with a growing focus on sustainable solutions to advance the global energy transition and maritime decarbonisation. Seatrium operates shipyards, engineering & technology centres and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, the United Arab Emirates, the United Kingdom and the United States.