POSH

POSH, First Marine Solutions Form European Floating Wind Partnership

Business & Finance

Singapore-based offshore marine services provider PACC Offshore Service Holdings (POSH) has partnered with Aberdeen-headquartered mooring and marine service specialist First Marine Solutions (FMS) to explore growth opportunities for floating offshore wind in Europe.

POSH

The companies signed a Memorandum of Understanding (MoU) to work together on identifying, developing, and delivering on relevant joint tender opportunities.

POSH, with assistance from FMS, will be responsible for the installation of offshore floating wind mooring systems, and FMS will be responsible for designing and subsequently supplying the offshore floating wind mooring systems as the technical authority.

“POSH continues our transformation to become a future-ready, sustainable solutions provider for the global energy sector. We are pleased to be working with First Marine Solutions to identify opportunities in this fast-growing sector,” said Ulva Chai, Chief Operating Officer of POSH.

As specialists in offshore marine solutions, POSH will leverage on our relevant expertise and track record to offer integrated solutions for floating wind turbine projects. These services include planning & engineering, project logistics & management, pre-lay mooring, mobilisation base management, towage and hook up, cable installation, operations & maintenance, and decommissioning.”

The deal follows POSH’s earlier move to shift its renewables focus away from operational support in the fixed wind market into the development of the fast-growing floating wind sector, with the sale of the Taiwanese offshore wind unit PKR Offshore.

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