Sean Lee (Marco Polo Marine): “We believe the Japanese market can become a key revenue-driver for Marco Polo Marine” (source: Marco Polo Marine)
Marco Polo Marine has signed an agreement with K Line Wind Service (KWS) to explore vessel opportunities in the Japanese offshore wind market
Through the creation of a new entity, the parties are seeking to own and operate offshore vessels supporting Japanese offshore windfarms.
The agreement is Marco Polo Marine’s entry into the Japanese market. It already operates in the offshore wind market in Taiwan.
Marco Polo Marine recently acquired PKR Offshore, an established Taiwan-based wind vessel operator. The company also commissioned the development of a commissioning service operation vessel at its Batam shipyard.
Leveraging its offshore wind track record in Taiwan, Marco Polo Marine said it has been identifying suitable partners in new markets to expand its reach, while drawing on the expertise of well-established regional players.
KWS was set up in June 2021 as a joint venture between Kawasaki Kisen Kaisha Ltd (K Line) and Kawasaki Kinkai Kisen Kaisha Ltd.
Marco Polo Marine chief executive Sean Lee said, “As Japan unlocks the potential of offshore wind as a reliable source of energy, we believe the market can become a key revenue driver for Marco Polo Marine.
“With KWS as our strategic partner, we intend to pool our expertise in vessel management and leverage their understanding of the Japanese market.”
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