Fred. Olsen Ocean and Shimizu Enter Offshore Wind Partnership

Fred. Olsen Ocean, including its subsidiaries Fred. Olsen Windcarrier and Global Wind Service, has entered into a partnership with Shimizu Corporation.

The companies are joining forces to offer offshore wind installation and other services both in Japan and worldwide which involves the deployment of their vessels on offshore wind projects, including Shimizu’s new jack-up installation vessel that is set to be delivered next year.

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The companies have signed an exclusivity agreement, under which Fred. Olsen Windcarrier will be the leading partner for installation projects involving Shimizu’s vessel outside Japan, whereas Shimizu will be the leading partner for installation projects within Japan.

Fred. Olsen Windcarrier will support Shimizu with the planning and execution of upcoming offshore wind project installations in Japan and support with training of key personnel for safe and efficient operation.

Fred. Olsen Windcarrier and Global Wind Service will be the preferred suppliers for Shimizu with Fred. Olsen Windcarrier supplementing Shimizu’s vessel capacity in Japan when needed.

For markets outside Japan, Fred. Olsen Windcarrier will represent and market Shimizu’s vessel.