Taiwan
PKR Offshore, a subsidiary of Marco Polo Marine (MPM), has signed a framework agreement to lease out two commissioning service operation vessels (CSOVs) to offshore wind turbine manufacturer Siemens Gamesa Renewable Energy.
The two vessels will be deployed to support Siemens Gamesa on multiple offshore wind projects in Taiwan on a non-exclusive basis, presumably giving PKR the flexibility to deploy the CSOVs to other offshore customers and generate more revenue when Siemens Gamesa does not need the vessels.
The framework agreement period is set to run from 2029 for an initial two-year period, with an option to commence from 2028 and including options for multiyear extensions of one to three years, potentially offering revenue visibility. Both parties will also work together to deploy PKRO’s CSOV fleet for Siemens Gamesa’s projects in South Korea and Japan.
