“One of our unique selling points is that, unlike most of our competitors that can only design and supply drag anchors, we can design and fabricate any kind of subsea foundation that is required for a project, whether you are in the oil and gas sector or developing offshore renewable energy installations,” says Mooreast’s head of commercial Jaymes Sim.
For Mooreast, which is listed and headquartered in Singapore, the shifting seas have been a solid base for sustained growth: it is now the world’s largest drag anchor manufacturer, with over 30 years of experience in delivering mooring systems and components to various customers globally.
Drag anchors are often considered a more economical option compared to other subsea foundations, such as driven piles and suction piles. Typically embedded by simply dragging it across the sea bed, drag anchors offer lower installation costs and can be implemented in various soil conditions, making them the preferred choice amongst floating offshore renewable energy projects.
