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Penta-Ocean Construction Co., Ltd.
LOI for Construction of Heavy Lift Vessel (HLV)
Tokyo, Japan - November 11, 2024 -
Penta-Ocean Construction Co., Ltd. (President: Takuzo Shimizu) has concluded a Letter of Intent
(LOI) with a Seatrium‘s subsidiary in Singapore, for the construction of a wind foundation
installation vessel (Heavy Lift Vessel, hereinafter HLV) equipped with a 5,000t fully-revolving crane.
The HLV is essential for the installation of increasingly heavy monopile foundations due to larger
wind turbines. The construction contract is expected for 1Q of 2025.