Seatrium inks LOI for Japan's 5,000-tonne heavy lift vessel

The formal contract is expected to be finalised in the first quarter of 2025.

Seatrium Limited’s subsidiary has signed a letter of intent with Japan’s Penta-Ocean Construction (POC) for a project involving a 5,000-tonne fully-revolving heavy lift vessel aimed at Japan’s offshore wind market.

The formal contract is expected to be finalised in the first quarter of 2025, pending POC’s final decision.

POC, a Japanese marine contractor, aims to expand its offshore wind sector capabilities. The company has various marine construction assets, including self-propelling trailing suction hopper and cutter suction dredgers, as well as two turbine installation vessels with lifting capacities of 800 and 1,600 tonnes.

In Singapore, POC has been a key contractor for various projects, including Pasir Panjang Terminal Phases 3 and 4, the Tuas Mega Port, several Land Transport Authority projects, and ION Orchard.