Competition Steep for Japan's Offshore Installation Vessel

KOFU, JAPAN--October 4, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Japan is becoming a highly competitive market for self-elevating platform (SEP) vessels, which are known as offshore installation vessels in Europe and wind turbine installation vessels (WTIV) in the U.S. The activity is driven by Japan's 66 offshore windfarm projects, which have a total investment value of more than $175 billion, according to Industrial Info's Global Market Intelligence (GMI) Power Project Database.