Fred. Olsen Ocean partners with Shimizu

Fred. Olsen Ocean (FOO), including its subsidiaries Fred. Olsen Windcarrier (FOWIC) and Global Wind Service (GWS), has formed partnership with Shimizu Corporation (Shimizu) to target the offshore wind industry in Japan and worldwide.

FOO’s main activities relate to a variety of operations, services and products in both onshore and offshore wind and technical marine services. FOO is the parent company of FOWIC, GWS and United Wind Logistics.

Shimizu Corporation is an architectural, civil engineering and general contracting firm. It had an annual sale of 1,456 billion Yen in FY 2020. The company is building one of the largest jack-up's with a 2500t crane for offshore wind construction and it will be delivered in late 2022.

Under this partnership and exclusivity agreement, FOWIC will be the leading partner for installation projects involving Shimizu’s vessel outside Japan, whereas Shimizu will be the leading partner for installation projects within Japan. FOWIC will support Shimizu with the planning and execution of upcoming offshore wind project installations in Japan and support with training of key personnel for safe and efficient operation. FOWIC and GWS will be the preferred suppliers for Shimizu with FOWIC supplementing Shimizu vessel capacity in Japan when needed. For markets outside Japan, FOWIC will represent and market the Shimizu vessel.

Alexandra Koefoed, Chief Executive Officer of Fred. Olsen Windcarrier, commented: “We are very pleased to be working with such a renowned organization as Shimizu, and excited to be playing such an important role in Japan’s renewable energy sector. There is great potential not only in the partnership of our two businesses, but also in what we can offer to the offshore wind industry.”

Toru Yamaji, Vice President of Shimizu, said: “We could not have chosen a better partner to further our capabilities in the Japanese offshore wind market, and abroad. Together, Fred. Olsen Ocean and Shimizu will offer a breadth of specialist knowledge, assets and services for wind farm developers worldwide.”

For more information on installation and maintenance of major offshore wind farm components, click here.