Marco Polo Enters South Korean Offshore Wind Market

Singapore-based Marco Polo Marine has formed partnerships with Namsung Shipping and HA Energy to jointly pursue offshore wind vessel projects in South Korea.

Marco Polo/Illustration

The parties will work together to own and operate suitable support vessels like CTVs, SOVs, and CSOVs to service the growing offshore wind market in the region.

Namsung Shipping is South Korea’s legacy private shipping line servicing over 60 main ports in Asia, as well as a strategic investor in the 1.5 GW fixed-bottom Chujin offshore wind project, which will feature around 100 wind turbines in the far south of South Korea.

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In addition, Namsung recently unveiled its own concept design for a liquefied hydrogen carrier, joining a host of South Korean shipyards and shipowners that are keen on getting into the nascent seaborne hydrogen trades.

HA-E is a multi-discipline company in Korea, offering engineering, construction, and commissioning services for various offshore platforms and marine vessels. Aside from operational support, HA-E also offers end-to-end consultation services to wind clients, covering areas from early-stage wind farm development to longer-term operational and maintenance phase.

”We have long anticipated Korea to be a key revenue-driving market for Marco Polo Marine, and therefore, we are extremely excited to join forces with some of the region’s most experienced maritime companies, Namsung and HA-E. The collaboration puts us in a great position to bring together our expertise in offshore wind vessels and tap into our local partners’ deep knowledge of the Korean market, so that we can support our wind clients’ expansion goals and propel the global push towards clean energy,” said Sean Lee, CEO of Marco Polo Marine.

Marco Polo has previously established its presence in the offshore wind markets of Taiwan and Japan.

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