Singapore, 10 December 2024 – PaxOcean is pleased to announce the signing of a significant contract for the construction of a Cable Laying Vessel (CLV), a key project in Japan’s rapidly growing offshore wind industry. This partnership marks the second collaboration between PaxOcean and Penta-Ocean Construction, further solidifying their long-standing relationship and shared commitment towards supporting the renewable energy sector.

The contract was signed by Mr. Takuzo Shimizu, President, Chief Executive Officer, and Representative Director of Penta-Ocean Construction Co., Ltd., and Mr. Tan Thai Yong, Managing Director and Chief Executive Officer of PaxOcean Group, at a ceremony held on 3 December 2024.

The CLV, designed by a renowned European partner, will be built at PaxOcean’s Batam yard. With a deadweight capacity of 14,000 tonnes and classed by Nippon Kaiji Kyokai (NK), the vessel is expected to be completed in February 2028. This collaboration combines PaxOcean’s extensive shipbuilding capabilities with advanced design and technology, ensuring the vessel meets the highest industry standards.

This project builds on the successful delivery of the Wind Turbine Installation Vessel (WTIV) by PaxOcean and Penta-Ocean Construction in September 2023, a landmark achievement in advancing the offshore wind sector. The new vessel is set to play a critical role in supporting Japan’s offshore wind infrastructure.

“We are proud of our continued partnership with Penta-Ocean Construction. Today’s signing is a strong testament to the collaboration and enduring relationship we have built over the years. We deeply value the trust Penta-Ocean has placed in us, and we are excited to support the expansion of their fleet while contributing to Japan’s renewable energy goals.” said Mr. Tan Thai Yong, Managing Director and Chief Executive Officer of PaxOcean Group.

Mr. Takuzo Shimizu, President of Penta-Ocean Construction, said: “It’s my great pleasure to initiate the construction of a world's largest and most advanced cable laying vessel, in collaboration with PaxOcean. This CLV, building on the success of the CP-16001 wind turbine installation vessel, will equip us to venture into the power cable laying field, making a significant contribution to the expansion of offshore wind in Japan.”

Japan has made significant strides in developing offshore wind energy, and this new vessel will play a crucial role in meeting the country’s growing demand for offshore wind infrastructure. By partnering with Penta-Ocean, PaxOcean is committed to delivering a state-of-the-art cable-laying vessel that adheres to the highest industry standards for safety and quality.

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About PaxOcean Group

PaxOcean Group (PaxOcean) is a member of the Kuok Maritime Group (KMG) which is part of Kuok Group Singapore (KGSg). PaxOcean owns and operates five shipyards located in Singapore, China and Indonesia. First established in 2007 in Singapore, PaxOcean offers a wide range of services covering integrated solutions, newbuilding, module engineering and fabrication, green recycling, repairs and conversion of conventional and renewable energy assets. ­­­Visit PaxOcean at www.paxocean.com

About Kuok Maritime Group

Kuok Maritime Group (KMG) includes the PaxOcean Group (PaxOcean), Pacific Carriers Limited (PCL), PACC Offshore Services Holdings (POSH), Pacific Workboats Pte Ltd (PWPL), McPec Marine and Offshore Engineering Pte Ltd (McPEC) and KSL Maritime Ventures (KMV).  KMG offers an integrated suite of maritime solutions to businesses globally.  It serves the maritime value chain from provision of offshore maritime and subsea support services, shipping and transportation, newbuilding as well as harbour and terminal towage services to supporting start-ups offering technological and innovative solutions to the industry. Visit KMG at https://kuokgroup.com.sg/businesses/#maritime

About Penta-Ocean Construction Co., Ltd.

Headquartered in Japan, Penta-Ocean Construction Co. Ltd. is one of Japan’s leading general contractors, having 60-year experience in Singapore since 1964.

For more information, visit at http://www.penta-ocean.co.jp/english/

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