Mitsui OSK Lines Ltd & Toyo Construction Co Ltd announced that the companies signed a Memorandum of Understanding on evaluating potential collaboration in offshore wind power plant construction, with the aim of commercializing vessels for offshore construction related to offshore wind power projects in Japan and overseas. The companies aim to open up new business opportunities for work vessels which will be required for offshore wind power projects, based on the demand for vessels related to offshore wind power business in Japan and overseas.The companies will meet demand for various types of work vessels in offshore wind power projects in Japan and overseas by combining MOL's abundant track record in construction, ownership, and operation of vessels with Toyo Construction's abundant knowledge of marine engineering and technological development in offshore wind power, and broadly contribute to value chains in the offshore wind power business, which is positioned as a key renewable energy source in the future.
Mitsui OSK Lines Ltd & Toyo Construction Co Ltd announced that the companies signed a Memorandum of Understanding on evaluating potential collaboration in offshore wind power plant construction, with the aim of commercializing vessels for offshore construction related to offshore wind power projects in Japan and overseas. The companies aim to open up new business opportunities for work vessels which will be required for offshore wind power projects, based on the demand for vessels related to offshore wind power business in Japan and overseas.The companies will meet demand for various types of work vessels in offshore wind power projects in Japan and overseas by combining MOL's abundant track record in construction, ownership, and operation of vessels with Toyo Construction's abundant knowledge of marine engineering and technological development in offshore wind power, and broadly contribute to value chains in the offshore wind power business, which is positioned as a key renewable energy source in the future.