Marco Polo Marine’s expansion into offshore wind reflects growing opportunities in Asia’s maritime sector. As countries set renewable energy targets, the demand for specialised offshore support services continue to rise.
Capturing Asia’s offshore wind potential
Market growth
The global offshore wind market is projected to grow 22 per cent annually until 2030, and countries across Asia are setting ambitious targets: Taiwan aims to establish 5.7 gigawatts of capacity by 2025 South Korea is targeting 16 gigawatts by 2030 Japan is planning for 45 gigawatts by 2040 Rising demand is also expected from Vietnam, the Philippines and Australia.
With offshore wind projects requiring complex installation and maintenance operations, specialised vessels are in high demand. These vessels are built with walkways that stay steady in rough waters and advanced technology for safe operations at sea, while countries increasingly require local crews.
Rising need for specialised vessels
Unlike the oil and gas sector where prices can swing dramatically, offshore wind projects offer stable, long-term opportunities for maritime companies through steady maintenance and operational needs.
Market opportunities
Sources: Global Wind Energy Council and METI Ministry of Economy, Trade and Industry
