Mitsui O S K Lines (MOL) and Toyo Construction have signed a contract to establish a JV focusing on offshore wind.
Through the partnership, the companies will create stronger synergies in a wide range of areas related to the sector.
This will include survey planning, procurement of work vessels, and offshore construction, with the aim of establishing a powerful yet agile business in this field.
By combining MOL’s decades of experience in ship construction, ownership, and operation with Toyo Construction’s extensive knowledge and human resources in offshore construction, as well as its technological development capabilities in offshore wind power generation, the JV will meet the demand for work vessels in offshore wind, and make significant contributions to the value chain as an engineering and solutions company.
It will meet demands in a wide range of businesses related to offshore wind power, which is expected to become a critical element of the world’s future renewable energy supply.