Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and…
“As Japan unlocks the potential of its offshore wind as a reliable source of energy, we believe the market can become a key revenue-driver for Marco Polo Marine. (“K” Line) and Kawasaki Kinkai Kisen Kaisha, Ltd. "K" Line Wind Service was set up in June 2021 as a joint venture between Kawasaki Kisen Kaisha, Ltd.
The Singapore-listed offshore vessel charterer and shipbuilding company's main market is Taiwan.
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Marco Polo Marine has signed an agreement with K Line Wind Service (KWS) to explore vessel opportunities in the Japanese offshore wind market.
The agreement is Marco Polo Marine’s entry into the Japanese market. [recently acquired PKR Offshore](https://www.rivieramm.com/news-content-hub/marco-polo-marine-completes-acquisition-of-pkro-71083), an established Taiwan-based wind vessel operator. Marco Polo Marine has signed an agreement with K Line Wind Service (KWS) to explore vessel opportunities in the Japanese offshore wind market
Singapore-based Marco Polo Marine has signed a Memorandum of Understanding (MoU) with K Line Wind Service (KWS) to explore suitable vessel opportunities in ...
To encourage development in the sector, the Japanese government has set a target of 10 GW of offshore wind by 2030 and 30-45 GW by 2040. According to the Global Wind Energy Council (GWEC), Japan has about 128 GW of bottom-fixed offshore wind potential and 424 GW of floating offshore wind potential. Singapore-based Marco Polo Marine has signed a Memorandum of Understanding (MoU) with K Line Wind Service (KWS) to explore suitable vessel opportunities in the Japanese offshore wind market.
Marco Polo Marine Ltd. and "K” Line Wind Service, Ltd have signed a Memorandum of Understanding that outlines their intent to explore suitable vessel ...
Singapore offshore vessel player and shipyard Marco Polo Marine is joining forces with Japanese shipping major Kawasaki Kisen Kaisha (K Line) to explore ...
“As Japan unlocks the potential of its 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 together our expertise in vessel management and leverage on their deep knowledge of the Japanese market to support the pipeline of offshore wind projects in the region.” said Sean Lee, CEO of Marco Polo Marine. [Asia](https://splash247.com/category/region/asia/) [Offshore](https://splash247.com/category/sector/offshore/) [Renewables](https://splash247.com/category/sector/renewables/)
Analysts at UOB Kay Hian have downgraded Marco Polo Marine to “hold” with a higher target price of 4.8 cents from 3.8 cents previously on improving charter ...
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