Singapore Shipbuilder PaxOcean Secures Contract for Cable Laying Vessel in Japan
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 formalized on December 3, 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.