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April 17, 2020

MOL Group signs contracts to construct service operation vessel

Japanese shipping company Mitsui OSK Lines (MOL) has signed contracts to construct and charter service operation vessel for Taiwan’s Greater Changhua Wind Farms.

Japanese shipping firm Mitsui OSK Lines (MOL) has signed contracts to construct and charter service operation vessel for Taiwan’s Greater Changhua Wind Farms.

The SOV will provide maintenance support for the wind farm.

MOL and Ta Tong Marine (TTM) signed the SOV contract with Ørsted Taiwan, a subsidiary of Denmark’s Ørsted, on 1 April via Ta San Shang Marine, a joint company of TTM and MOL.

Additionally, Ta San Shang Marine also signed a contract with VARD Singapore for the construction of the new vessel.

VARD Design in Norway will design the SOV, which is expected to be delivered at Vard Vung Tau in Vietnam in the first half of 2022.

Additionally, it will offer maintenance support services for Greater Changhua Wind farms for a period of 15 years, which can be later extended to 20 years.

It is the first SOV project in Asia.

SOVs are designed to support offshore wind farm maintenance in Europe.

In a statement, MOL said: “Through its tie-up with Ta Tong Marine, its longtime business partner in Taiwan, MOL is moving ahead to further develop and expand a new business domain in the emission-free field by building a new relationship with Ørsted, the world’s largest operator of offshore wind farms, backed by business experience in Taiwan and know-how accumulated in the offshore business such as offshore operation using dynamic positioning system (DPS) and offshore accommodation.”

In December last year, Japanese shipbuilder Kawasaki Heavy Industries (KHI) delivered a new liquefied natural gas (LNG) carrier to MOL.

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