POSH enters Taiwan offshore renewables market through jv with Kerry TJ Logistics

Amid the continuing struggle in the oil and gas sector, PACC Offshore Services Holdings (POSH) is moving into the offshore wind farm market.

The offshore marine services provider is setting up a joint venture with Taiwan-based logistics firm Kerry TJ Logistics (Kerry TJ) to enter the burgeoning offshore renewable sector. POSH Kerry Renewables (POSH Kerry) to be based in Taiwan, will provide an integrated solutions platform for offshore wind farm developers, EPCI contractors and wind turbine manufacturers.

This is the first time that two major players in their respective fields have integrated supply chain and marine solutions on a single platform capable of supporting the entire offshore renewables project life cycle. Leveraging the capabilities and assets of both companies, POSH Kerry will provide a comprehensive portfolio including the end-to-end transportation of wind turbines and components as well as diversified marine solutions during the installation, operations and maintenance of offshore wind farms in Taiwan.

With an established track record for executing complex offshore energy projects requiring stringent operational and safety standards, POSH brings specialised offshore marine expertise and a modern fleet of vessels that are readily transferable to support offshore wind operations. Listed on the Taiwan Stock Exchange, Kerry TJ is Taiwan’s largest logistics provider with an extensive local supply chain network and in-depth market knowledge that will support POSH Kerry’s clients in navigating the evolving local operating landscape.

Read More: A2SEA sees strong growth for offshore wind turbine installation in Europe, eyes Asia

POSH deputy ceo Lee Keng Lin said: “We are excited to enter the offshore renewables sector with Taiwan’s largest logistics provider Kerry TJ Logistics. 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: “We are glad to be partnering with leading offshore marine operator POSH as they establish their presence in Taiwan. I am confident that our extensive local networks and logistics expertise will support POSH Kerry’s clients in navigating Taiwan’s evolving operating landscape.”

POSH Kerry will be joined by other strategic partners who are keen to customise solutions for the Taiwan offshore renewables market. A Memorandum of Understanding (MoU) has been signed with Rolls-Royce to explore suitable designs for walk-to-work and Services Operations Vessels (SOV) 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 Taiwan offshore wind market; as well as support from Enterprise Singapore, the city-state’s enterprise development arm.

Ho Chi Bao, director for Precision Engineering, Marine & Offshore and Engineering Services, Enterprise Singapore, said: “As renewables form an increasing part of the energy mix in Asia, Singapore companies such as POSH can leverage their expertise in operating offshore vessels and project logistics to contribute to wind energy developments.”

Posted 12 July 2018

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Vincent Wee

Asia Editor, Seatrade Maritime News

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