Scribd
Upload
65 views2 pages

Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility As It Prepares To Expand Into Mooring Systems For Floating Wind Farms

Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility as it Prepares to Expand into Mooring Systems for Floating Wind Farms

Uploaded by

WeR1 Consultants Pte Ltd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
65 views2 pages

Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility As It Prepares To Expand Into Mooring Systems For Floating Wind Farms

Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility as it Prepares to Expand into Mooring Systems for Floating Wind Farms

Uploaded by

WeR1 Consultants Pte Ltd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Mooring Solutions Specialist Mooreast Asia Acquires Significantly

Larger New Singapore Facility as it Prepares to Expand into Mooring


Systems for Floating Wind Farms

Mooreast’s upgraded water-front facility at 51 Shipyard Road

Singapore, 9 September 2021 – Mooring solutions specialist Mooreast Asia Pte. Ltd.
(“Mooreast”) said today that it has completed the acquisition of an upgraded water-front
facility in Singapore that will more than double its capacity as it embarks on its strategic shift
towards offshore renewable energy, particularly floating wind farms.
The new facility at 51 Shipyard Road has a usable floor space of 323,000 sqft (30,000 sqm),
compared to 129,000 sqft (12,000 sqm) at its previous facility at 14 Benoi Sector. It includes
three main buildings which were erected by the previous owner before it went into
receivership. With minimal outlay, Mooreast is now able to use the facility for components
fabrication, warehousing and office functions.
Mooreast recently acquired the yard in southwest Singapore for S$18.5 million and expects
to increase utilisation from 2,000 to 5,000 metric tons of steel throughput per year by 2023.
The acquisition is a major part of Mooreast’s strategy to leverage on its track record and
capabilities in the offshore oil and gas and marine sectors and transition to mooring and
rigging products and solutions for the offshore renewable energy sector.
Offshore floating platforms to capture wind, tidal or solar energy require mooring and rigging
systems to anchor safely to the seabed. Such floating platforms are increasingly preferred to
fixed-bottom structures that are confined to very shallow waters and may potentially harm
marine life.
Mooreast designs and fabricates mooring products such as specialised anchors and chain
stoppers. It also offers related engineering, installation and commissioning services.
Amid concerns of climate change, floating wind farms are reaching a tipping point towards
commercialisation worldwide. The total global floating wind market is estimated at around
US$100 billion for the next 10-15 years. Mooreast sees the addressable market for mooring
solutions of about US$15 billion (15% of total) as a major opportunity.
Mr Sim Koon Lam, founder and Managing Director of Mooreast, said “The new facility at 51
Shipyard Road will allow us to expand our capacity significantly and is critical for our forward
strategy to position ourselves as a global leader in designing and producing total mooring
solutions for the offshore renewable energy sector.”

##END##

About Mooreast Asia Pte. Ltd.

Formed in 2010, Mooreast Asia Pte. Ltd. is founded by its current Managing Director and sole
shareholder, Mr Sim Koon Lam. It has over 30 years of experience in the offshore oil & gas and marine
sectors. In recent years, it has been transforming itself to focus on the provision of total mooring
solutions for the floating renewable energy sector.

Its solutions include design, engineering, fabrication, supply, installation and commissioning of
mooring systems for floating offshore wind farms or floating solar farms. Having successfully
participated in developmental and prototype projects for six floating offshore wind turbines in Japan
and one in Europe, Mooreast is recognised as a global leader of such specialised solutions for the
renewable energy sector.

Floating offshore wind farms usually comprise turbines and large rotating blades mounted on floating
platforms which are secured by a range of Mooreast products such as subsea foundations, chain
stoppers, anchor chains, specialized steel and synthetic ropes. Included in the total mooring solution
offered by Mooreast are technical and engineering capabilities such as geophysical, bathymetric and
metocean analyses.

Media & Investor Contact Information


WeR1 Consultants Pte Ltd
1 Raffles Place
02-01, One Raffles Place Mall
Suite 332 Singapore 048616
Tel: (65) 6721 7161
Isaac Tang, [email protected]

You might also like