Singapore-based shipbuilding player PaxOcean has landed a contract with Japan’s Penta-Ocean Construction to construct a 14,000 deadweight tonnage (DWT) cable laying vessel (CLV), seen as a “key project” in Japan’s offshore wind industry.
According to PaxOcean, the vessel is expected to be delivered in February 2028.
The deal was formalised on 3 December 2024, with the signing ceremony attended by PaxOcean’s Managing Director and CEO, Tan Thai Yong, and Penta-Ocean Construction’s President, CEO, and Representative Director, Takuzo Shimizu.
Commenting on the agreement, Tan Thai Yong said: “We are proud of our continued partnership with Penta-Ocean Construction. Today’s signing is a strong testament to the collaboration and enduring relationship we have built over the years. We deeply value the trust Penta-Ocean has placed in us, and we are excited to support the expansion of their fleet while contributing to Japan’s renewable energy goals.”
The CLV, designed by a European partner and classed by Nippon Kaiji Kyokai (NK), will be constructed at PaxOcean‘s Batam yard. This project follows the delivery of the wind turbine installation vessel (WTIV) CP-16001 in 2023, also built by PaxOcean for Penta-Ocean.
“It’s my great pleasure to initiate the construction of the world’s largest and most advanced cable-laying vessel, in collaboration with PaxOcean. This CLV, building on the success of the CP-16001 wind turbine installation vessel, will equip us to venture into the power cable laying field, making a significant contribution to the expansion of offshore wind in Japan,” said Takuzo Shimizu .
Just recently, PaxOcean unveiled an order from an unnamed European shipowner for up to four methanol-ready offshore construction vessels (OCVs).
In October, the Singapore-based player completed the repurposing of a tanker into a floating production, storage, and offloading (FPSO) vessel, which is expected to assist in increasing oil and gas production off the coast of Indonesia.