10 May 2017

Clarksons Platou consolidates renewables experts into global division to meet growing market needs

Clarksons Platou has consolidated its renewables experts into a dedicated global division to provide ship broking, market intelligence and commercial services specifically to the rapidly growing offshore renewables market.

The division, with specialists in London, Aberdeen, Oslo, Houston, Singapore, Shanghai and soon Hamburg, is the outcome of a strategic review underway since the merger of Clarksons PLC and RS Platou ASA in 2015.

The review identified a gap in the offshore renewables market for global broking services that could match developers and their suppliers with the right mix of vessels to reduce risk and increase value throughout a wind farm's lifecycle.

The gap has emerged as the global offshore wind market has grown, with a solid stream of projects expanding in size and scale, complexity and geographic spread.

Almost 12 gigawatts (GW) of offshore projects are scheduled for construction in Europe between now and 2020, and the development pipeline currently totals 24.2 GW. While more than 90 percent of the world's installed offshore wind capacity is in Europe, governments globally have set ambitious targets for offshore wind with markets starting to take off in China, Japan, South Korea, Taiwan and the US, where Clarksons Platou is already well placed.

This forecast for growth means demand for installation, accommodation and support vessels, jack-ups, barges and all associated vessels is set for a steady upswing.