PKRO is part of the POSH Kerry Renewables joint venture, a unique one-stop solutions provider for the offshore renewables sector that offers a comprehensive suite of services across the entire life cycle of offshore wind projects. The acquisition will add another two vessels to the group’s fleet, reinforcing its capacity to service the offshore wind farm market.
Marco Polo Marine announced that its joint venture company (JVCo) Oceanic Crown Offshore Marine Services has entered into a share purchase agreement with Kerry TJ Logistics and Posh Investment Holdings (Taiwan) to acquire the entire share capital of PKR Offshore (PKRO).
The JVCo, incorporated by the group’s indirect, wholly-owned subsidiary, Marco Polo Offshore and Taiwanese company Shengfan, aims to expand the group’s offshore and marine business in Taiwan by supporting the country’s offshore wind farm projects. The JVCo is 51% owned by Shengfan and 49% owned by Marco Polo Offshore.
