Seatrium has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully revolving heavy lift vessel project for the Japanese offshore wind market.
This will be the fifth and largest vessel to be added to POC’s fleet, enabling them to undertake larger wind turbine projects in offshore wind construction.
POC is Japan’s leading marine contractor with a keen interest to expand its business in the offshore wind sector, owning 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 800-ton and a 1,600-ton lifting capacity crane respectively.
In December 2024, POC made an announcement that it would invest with Fuyo General Lease in the construction of a heavy lift vessel and a cable laying vessel totaling more than $1 billion to meet the needs of the Japanese offshore wind industry.
According to the announcement, the two companies will invest about 120 billion yen (about $785 million) in the construction of a 5,000-ton fully revolving heavy lift vessel. A letter of intent has been signed for the project, and a shipbuilding contract is scheduled to be signed in January 2025, with completion and delivery expected in March 2028. The vessel, designed by Ulstein, will be built by Seatrium Singapore and equipped with a Huisman 5,000-ton fully revolving heavy lift vessel.
It is worth noting that the vessel cost of $785 million may set a record for the highest cost of a crane vessel.