MOL and Toyo Construction Sign MoU on Collaboration in Offshore Wind Vessels

Source: www.gulfoilandgas.com 2/21/2022, Location: Asia

TOKYO- Mitsui O.S.K. Lines, Ltd. and Toyo Construction Co., Ltd. have signed a Memorandum of Understanding (MoU) on evaluating potential collaboration in offshore wind power plant construction, with the aim of commercializing vessels for offshore construction related to offshore wind power projects in Japan and overseas.

The companies aim to open up new business opportunities for work vessels which will be required for offshore wind power projects, based on the demand for vessels related to offshore wind power business in Japan and overseas.

The companies will meet demand for various types of work vessels in offshore wind power projects in Japan and overseas by combining MOL's abundant track record in construction, ownership, and operation of vessels with Toyo Construction's abundant knowledge of marine engineering and technological development in offshore wind power, and broadly contribute to value chains in the offshore wind power business, which is positioned as a key renewable energy source in the future.

Establishment of Toyo Construction (Hanshin Harbor Construction Co., Ltd. at the time) was due largely to the idea of Kamesaburo Yamashita, President of Yamashita Kisen K.K., one of MOL's corporate predecessors. Yamashita Kisen became the largest shareholder, and President Yamashita oversaw the first generation of the president of Toyo Construction. Utilizing this relationship, established through the long histories of both companies, MOL and Toyo Construction will build a firmer partnership through offshore wind power business.


Croatia (Hrvatska) >>  8/16/2022 - The European Bank for Reconstruction and Development (EBRD) is helping to speed up Croatia’s transition to clean energy by helping to finance the cons...
Spain >>  8/16/2022 - In the north-east of Spain, in Soria, RWE is constructing its 40.8-megawatt Rea Unificado wind farm. The company is erecting nine turbines with a rate...

France >>  8/12/2022 - DEME Offshore has successfully installed the offshore substation of the Fécamp offshore wind farm, deploying ‘Orion’, the newest member of the DEME fl...
Germany >>  8/12/2022 - Keppel Corporation Limited (Keppel Corporation or together with its subsidiary, the Group) and Keppel Infrastructure Fund Management Pte Ltd (KIFM), t...

Germany >>  8/12/2022 - - The manufacture of these parts will require 800 jobs and the participation of some 30 local suppliers.
- With a capacity of 476 MW, Baltic Eag...

India >>  8/12/2022 - Siemens Gamesa has secured its first order in India with Azure Power India Private Limited (Azure Power) to supply 96 SG 3.6-145 wind turbines for a 3...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.