Daewoo Shipbuilding & Marine Engineering Secures Order for Large Offshore Wind Turbine Installation Vessel

Securing Orders for Large Offshore Wind Turbine Installation Vessels to Capture Market Share

[Asia Economy Reporter Hwang Yoon-joo] Daewoo Shipbuilding & Marine Engineering (DSME) has succeeded in securing an additional order for a large offshore wind turbine installation vessel. Following the order of six LNG carriers on the 1st, DSME has secured ships worth approximately 2 trillion KRW this week alone, signaling a positive outlook for stable workload acquisition.

On the 3rd, DSME announced that it had received an order from Monaco-based Eneti Inc. for one large offshore wind turbine installation vessel (WTIV) worth 382.9 billion KRW. This vessel will be built at DSME's Okpo Shipyard and is scheduled for delivery by the first half of 2025.

The vessel ordered this time is an option from the ship ordered in May. It measures 148 meters in length and 56 meters in width, capable of carrying and operating five large offshore wind turbines of 14~15MW capacity at once, and can install wind turbines in waters up to 65 meters deep.

The vessel will be constructed based on the 'NG-16000X' design recently developed by Dutch engineering firm GustoMSC B.V. for large wind turbine installation vessels.

Globally, environmental issues such as global warming and fine dust have become major concerns, leading to increased interest and investment in renewable energy. Among these, offshore wind power is the fastest-growing sector. Moreover, the capacity of offshore wind turbines has recently been increasing from below 10MW to above 10MW. In line with this growing market and the increasing demand for larger turbines, the demand for large offshore wind turbine installation vessels is also expected to continue rising.

Meanwhile, DSME has secured orders worth approximately 10.77 billion USD for ships, offshore plants, and submarines this year, achieving about 140% of its annual target of 7.7 billion USD.

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