- JV aims to develop industry-first solutions platform
integrating supply chain and marine solutions for the entire
offshore renewables project life cycle
- Partnership leverages core competencies of both industry
leaders - POSH's specialised expertise in offshore marine
operations and Kerry TJ's local network and logistics
know-how
- JV will deliver customised solutions through innovation; MOU
signed with Rolls-Royce to jointly develop vessel designs specific
to offshore wind farm requirements
- Traction with clients including MOU signed with Macquarie
Capital and Swancor
TAIPEI,
Taiwan, July 12, 2018
/PRNewswire/ -- Offshore marine services provider PACC Offshore
Services Holdings Ltd. ("POSH") and Taiwan-based logistics firm Kerry TJ Logistics
("Kerry TJ") today announced they will be incorporating a
joint venture company POSH Kerry Renewables ("POSH Kerry")
in Taiwan, which aims to provide
an integrated solutions platform for offshore wind farm developers,
EPCI contractors and wind turbine manufacturers.
This is the first time that two major players in their
respective fields have integrated supply chain and marine solutions
on a single platform capable of supporting the entire offshore
renewables project life cycle. Leveraging the capabilities and
assets of both companies, POSH Kerry will provide a comprehensive
portfolio including the end-to-end transportation of wind turbines
and components as well as diversified marine solutions during the
installation, operations and maintenance of offshore wind farms in
Taiwan.
With an established track record for executing complex offshore
energy projects requiring stringent operational and safety
standards, POSH brings specialised offshore marine expertise and a
modern fleet of vessels that are readily transferable to support
offshore wind operations. Listed on the Taiwan Stock Exchange,
Kerry TJ is Taiwan's largest
logistics provider with an extensive local supply chain network and
in-depth market knowledge that will support POSH Kerry's clients in
navigating the evolving local operating landscape.
Mr Lee Keng Lin, Deputy
Chief Executive Officer of POSH, said, "We are excited to
enter the offshore renewables sector with Taiwan's largest logistics provider Kerry TJ
Logistics. Our unique platform will provide clients in the
Taiwan offshore renewables sector
a comprehensive suite of supply chain and offshore marine solutions
that can be configured to meet their specific requirements."
Mr Richard Shen, Chairman,
Kerry TJ Logistics, said, "We are glad to be partnering
with leading offshore marine operator POSH as they establish their
presence in Taiwan. I am confident
that our extensive local networks and logistics expertise will
support POSH Kerry's clients in navigating Taiwan's evolving operating landscape."
POSH Kerry will be joined by other strategic partners who are
keen to customise solutions for the Taiwan offshore renewables market. A
Memorandum of Understanding ("MOU") has been signed with
Rolls-Royce to explore suitable designs for walk-to-work and
Services Operations Vessels ("SOV") specific to offshore
wind operations.
The partnership has also gained traction with clients, including
a MOU signed with Macquarie Capital and Swancor to jointly explore
collaboration opportunities in the Taiwan offshore wind market; as well as
support from Enterprise Singapore, the agency championing
enterprise development.
Mr Ho Chi Bao, Director for
Precision Engineering, Marine & Offshore and Engineering
Services, Enterprise Singapore, said, "As renewables form
an increasing part of the energy mix in Asia, Singapore companies such as POSH can leverage
their expertise in operating offshore vessels and project logistics
to contribute to wind energy developments.
"Enterprise Singapore has been working closely with POSH on its
entry into Taiwan through sharing
insight into the market landscape and facilitating connections to
key business partners. We will continue to facilitate such
partnerships to enable Singapore
players to offer their solutions and expand into the renewables
space."
****
For further information or to speak to a spokesperson, please
contact:
For PACC Offshore Services Holdings Ltd.:
Ms Kelly Shia, POSH, Corporate Affairs and Business
Development, +65 6839 7860, kelly.shia@paccoffshore.com.sg
Mr Ong Chor Hao, WATATAWA
Consulting, Manager, +65 9627 2674, chorhaoo@we-watatawa.com
For Kerry TJ Logistics:
Ms Vanessa Lin, Executive
Secretary Chairman's Office, +886 2 3322 6888 (#6113),
van.lin@kerrytj.com
About PACC Offshore Services Holdings ("POSH")
Headquartered in Singapore and
listed on the Singapore Exchange, POSH is a leading offshore marine
services provider with more than 60 years of operating experience
in offshore and marine oilfield services. With a young and diverse
fleet of over 100 offshore vessels, POSH is known as a
best-in-class service provider serving multiple segments of the
offshore energy value chain and readily transferable expertise for
the offshore wind sector.
About Kerry TJ Logistics ("Kerry TJ")
Headquartered in Taiwan with
over 60 years of operating experience, Kerry TJ is a leading
logistics operator offering a wide range of services including less
than truck load, integrated logistics, line haul, international
freight forwarding and supply chain solutions for both merchandise
and non-merchandise delivery. Kerry TJ's operational footprint
spans across more than 50 countries worldwide, providing
integrated, reliable and cost-effective logistics solutions for
many of the world's famous brands. Kerry TJ is listed on the Taiwan
Stock Exchange and has more than 5000 employees in Taiwan.