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MOL SIGNS TAIWANESE OFFSHORE WIND SOV CONTRACT

Friday, April 17, 2020 

Mitsui OSK Lines (MOL) has signed contracts to build and charter a service operation vessel (SOV) that will provide maintenance support for the Greater Changhua Wind Farms in Taiwan.

MOL and Ta Tong Marine (TTM) signed a charter contract for the SOV with Ørsted Taiwan, a wholly owned subsidiary of Danish company Ørsted, through Ta San Shang Marine Co, a joint venture between MOL and TTM. At the same time, Ta San Shang Marine signed a contract with Vard Singapore, a wholly owned subsidiary of Vard Group of Norway, to build the new vessel.

The 84m SOV is designed by Vard Design in Norway and is scheduled to be delivered by Vard Vung Tau (a Vard subsidiary shipyard in Vietnam) during the first half of 2022. Then, it will provide maintenance support operations for the Greater Changhua Wind farms under development by Ørsted, for a term of 15 years, with an extension option to 20 years. This marks the first SOV project in Taiwan, and all of Asia.

MOL expects the market for SOVs to expand in Asia, as more offshore windfarms are built, following their success in Europe. Through its tie-up with TTM, its longtime business partner in Taiwan, MOL is moving ahead to further develop and expand a new business domain in the emission-free field by building a new relationship with Ørsted, the world's largest operator of offshore wind farms, backed by business experience in Taiwan and know-how accumulated in the offshore business, such as offshore operation using dynamic positioning system (DPS) and offshore accommodation.

The MOL Group anticipates customer needs and the demands of the times to continually drive and grow the 'environmental and emission free business', striving to reduce its environmental impact.

 

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