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PaxOcean and Penta-Ocean ink Japanese newbuild contract

By: Tom Russell 03/03/2020 PaxOcean Group

General Vessels

PaxOcean Group has signed a newbuilding contract with Penta-Ocean Construction Co., Ltd., to construct a self-elevating platform (SEP) for the Japanese offshore wind sector.

Scheduled for completion in Q3 2022, the SEP is of a GustoMSC design, equipped with four tubular legs and four azimuth thrusters. It is fitted with a 1,600-tonne leg encircling crane, a large clear deck area of approximately 3,800 sqm, with accommodation designed for 80 persons.

Chief Executive Officer of PaxOcean Holdings, Mr. Tan Thai Yong, commented: “This SEP will be built at our yard in Batam, leveraging on our strong track record of having delivered 12 high-quality Jack-ups and SEPs to several satisfied international customers in the past. With Penta-Ocean’s strong operational capabilities marrying PaxOcean’s expertise in the construction of Jack-ups and SEPs, I am confident that with our combined strengths, we will complete this project successfully.”

President, Chief Executive Officer & Representative Director of Penta-Ocean Construction, Mr. Takuzo Shimizu said: “We believe this new SEP will make a significant contribution to Japan’s offshore wind power generation expansion with the highly efficient and cost-effective construction. I look forward to a successful completion of this SEP vessel and I believe this first contract will lead to continued collaboration with PaxOcean in the future.”

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PaxOcean and Penta-Ocean ink Japanese newbuild contract

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