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Singapore firm forms offshore wind JV with Taiwanese logistics specialist

Thu 12 Jul 2018 by David Foxwell

Singapore firm forms offshore wind JV with Taiwanese logistics specialist
Now entering the offshore wind market, POSH is a well-known provider of marine services in the offshore oil and gas industry

POSH Holdings and Taiwan-based logistics firm Kerry TJ Logistics are to incorporate a joint venture company to provide solutions for offshore windfarm developers, EPCI contractors and wind turbine manufacturers.

Leveraging the capabilities and assets of both companies, POSH Kerry Renewables aims to provide a comprehensive portfolio including the end-to-end transportation of wind turbines and components and diversified marine solutions during the installation, operations and maintenance of offshore windfarms in Taiwan.

With an established track record for executing offshore energy projects, POSH brings specialised offshore marine expertise and a modern fleet of vessels. Listed on the Taiwan Stock Exchange, Kerry TJ is Taiwan’s largest logistics provider.

POSH deputy chief executive Lee Keng Lin said, “We are excited to enter the offshore renewables sector with Taiwan’s largest logistics provider. Our unique platform will provide clients in the Taiwan offshore renewables sector a comprehensive suite of supply chain and offshore marine solutions that can be configured to meet their specific requirements.”

Kerry TJ Logistics chairman Richard Shen said the company was glad to be partnering with POSH as it establishes a presence in Taiwan.  

POSH Kerry will be joined by other strategic partners who are keen to customise solutions for Taiwan’s offshore renewables market. A memorandum of understanding (MOU) has already been signed with Rolls-Royce to explore suitable designs for walk-to-work and service operation vessels specific to offshore wind operations.

The partnership has also gained traction with clients, including a MOU signed with Macquarie Capital and Swancor to jointly explore collaboration opportunities in the Taiwanese offshore wind market; as well as support from Enterprise Singapore, an agency championing enterprise development.

 

Mr Lee Keng Lin will be discussing the opportunites in Asia's offshore wind sector on September 27th at our Asian Offshore Support Journal Conference

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