Monday, October 26, 2020

Expanding Offshore Wind Energy Market Spawns New Contracts for Maritime Logistics Group

Multi-Million Dollar Deal Sees Three Specialist Vessels Deployed
Shipping News Feature

TAIWAN – P & O Maritime Logistics, with headquarters situated alongside parent company DP World in Dubai, has recently secured a series of contracts with leading marine contractors to deploy three vessels to operate in Taiwan's emerging wind energy market.

Globally offshore energy is undergoing a significant diversion from carbon based exploration and recovery, to renewable wind and tide driven economics, and P&O says these latest contracts represent the latest commitment made by its Maritime Logistics division to support the group’s overall and wide-ranging renewable energy strategy.

As part of a continuing shift towards green energy, Taiwan has invested in wind technology that aims to deliver 5.7 GigaWatt in output by 2025. P&O Maritime Logistics will assist Taiwan’s wind development by providing the three OSVs operating across different projects.

The Topaz Installer, a cable-lay vessel, will be utilised in shore-to-sea and inter-field cable arrays for clients Subsea 7 and Van Oord until 2024. The end client is Ørsted Taiwan Limited, an offshore energy provider based in Denmark.

The Topaz Tangaroa, delivered in 2019, is a state-of-the-art light subsea construction vessel currently equipped with a Q1600, 1200kW trencher, one of the world's most powerful trenchers. The vessel will work on the Greater Changua Offshore Field supporting the cable-lay vessel Nexus on cable trenching for Dutch marine contractor Van Oord. The end client is again Ørsted Taiwan Limited.

The Topaz Tiamat, sister vessel to the Tangaroa, is contracted for three and a half years from January 2021. Tiamat will work in the Changfang and Xidao windfarms where she will support the installation of foundations and monopiles for client Boskalis, the global dredging contractor and marine services provider. Commenting on the contracts, Robert Desai, Chief Commercial Officer, P&O Maritime Logistics said:

"These three contracts represent significant wins for some of our most advanced and modern vessels and add a healthy $30 million to our already industry-leading contract backlog. I’m delighted to be able to capture value in what are very challenging times for the offshore industry. We are particularly pleased to be able to play a part in the exciting offshore wind market in Taiwan and to be working for such prestigious clients in this important and growing segment.

”The awards reinforce our reputation as a trusted offshore logistics partner to major marine contractors based on a consistent global track-record of reliable and safe operations. I would like to thank our clients for the trust in our marine capabilities and look forward to working closely with the client teams locally to ensure a successful operation throughout.”