PKR Offshore Inks CSOV Frame Agreement With Siemens Gamesa

PKR Offshore (PKRO), the offshore wind support arm of Singapore-listed Marco Polo Marine, has signed a framework agreement with Siemens Gamesa Renewable Energy covering the deployment and charter of two commissioning service operation vessels (CSOVs).

The arrangement will see PKRO supply two of its forthcoming CSOVs to Siemens Gamesa on a non-exclusive basis, initially servicing multiple offshore wind developments in Taiwan. In addition, the two companies intend to collaborate on placing PKRO's wider CSOV fleet with Siemens Gamesa projects in South Korea and Japan, broadening the partnership across North Asia's growing offshore wind markets.

The vessels earmarked for the agreement will feature hybrid propulsion systems supplied by Siemens Energy, reflecting the sector's continued shift towards lower-emission maritime support assets.

PKRO currently owns and operates one CSOV, the MP Wind Archer. Its second vessel is being built at Marco Polo Marine's shipyard in Batam, Indonesia, with delivery expected in the second quarter of 2028. A third CSOV remains at the planning stage. Both the Batam newbuild and the planned third unit are intended for deployment on Siemens Gamesa's operations across the Far East.

The tie-up comes amid a busy period for Marco Polo Marine, which recently reported an 87 per cent jump in gross profit for the first half of its 2026 financial year and announced plans to spin off its shipyard business under a deal valued at around US$109 million.

For Malaysian and wider Southeast Asian maritime and oil and gas readers, the agreement underscores how regional shipowners are positioning themselves to capture demand from Asia's expanding offshore wind pipeline. The reliance on Batam-based shipbuilding highlights the role Southeast Asian yards continue to play in supplying specialised offshore support tonnage, offering potential opportunities for fabrication, crewing and supply-chain participation across the region.

The move also signals the growing convergence between traditional offshore oil and gas service expertise and renewables support work. Vessel operators with roots in the hydrocarbons sector, such as Marco Polo Marine, are increasingly diversifying into offshore wind, a trend likely to shape fleet investment decisions, workforce skills requirements and yard order books throughout the region in the years ahead.