Seatrium Secures Landmark Contract with Japan’s Penta-Ocean to Revolutionize Offshore Wind Energy
Singapore, January 27, 2025 – In a strategic move set to make waves in the renewable energy market, Singapore-based Seatrium Limited has been awarded a significant contract by Japan’s Penta-Ocean Construction (POC) to engineer and construct a state-of-the-art heavy lift vessel. This cutting-edge vessel, boasting a 5,000-ton fully-revolving crane, is tailored to meet the growing demands of offshore wind energy projects, particularly the installation of larger and heavier wind turbine monopile foundations.
The deal represents a monumental step for Seatrium as it marks the company’s inaugural venture into Japan’s offshore wind market. For Penta-Ocean, Japan’s leading marine contractor, the vessel will be the fifth and largest addition to its fleet, further strengthening its foothold in the offshore renewable energy sector.
Why This Contract Matters
The 5,000-ton heavy lift vessel is not just another addition to POC’s fleet—it is a game-changer. As wind turbines grow larger and require more robust foundations, this vessel will provide the lifting capacity essential for next-generation renewable energy projects. According to Mr. Tetsunori Ohshimo, Senior Managing Executive Officer and Head of Offshore Wind Construction Business at POC, the new vessel will significantly enhance Japan’s ability to develop offshore wind projects, contributing to a sustainable energy future.
Seatrium’s Executive Vice President of Seatrium Energy (International), Mr. William Gu, emphasized the importance of this project: “This collaboration with Penta-Ocean is a milestone for us, as it not only reflects our entry into Japan’s offshore wind market but also demonstrates our technical expertise in delivering one of the world’s most advanced heavy lift vessels. This aligns with our commitment to providing innovative, cost-effective solutions to accelerate the global energy transition.”
Implications for Shareholders
For Seatrium shareholders, this contract is a potentially price-sensitive development. The partnership with POC underscores Seatrium’s ability to penetrate new markets and showcases its expertise in high-value, renewable energy solutions. Additionally, the project could pave the way for future contracts in Japan’s burgeoning offshore wind sector, a market with immense growth potential.
Furthermore, the heavy lift vessel is one of the largest of its kind globally, a testament to Seatrium’s cutting-edge engineering capabilities. This project not only enhances the company’s reputation but also positions it as a key player in the energy transition and decarbonization efforts. Positive market sentiment could bolster Seatrium’s share price as investors recognize the long-term value of entering the renewable energy sector.
About Seatrium and Penta-Ocean Construction
Seatrium Limited, headquartered in Singapore, has over 60 years of expertise in providing engineering solutions for the offshore, marine, and energy industries. The company is focused on delivering sustainable and innovative solutions that advance global energy transition and maritime decarbonization. Operating in multiple countries, including Japan, Brazil, and the United States, Seatrium is a global leader in newbuilds, conversions, and repairs of specialized vessels.
Penta-Ocean Construction, a leading marine contractor in Japan, has been actively expanding its offshore wind energy portfolio. The company’s fleet includes advanced dredgers and turbine installation vessels, making it a key player in Japan’s renewable energy push. This partnership with Seatrium represents a significant step in its mission to support sustainable energy solutions.
