Singapore, 20 November 2024 – Strategic Marine Pte Ltd (“Strategic”), Mirai Ships Inc. (“Mirai”), and Ragnar Energy Solutions Pte Ltd (“RES”) are pleased to announce the signing of a Memorandum of Understanding (MOU) to establish a framework for exclusive newbuild collaborations, marking a significant milestone in global shipbuilding partnerships.

This strategic partnership combines the strengths of three industry leaders:

• Mirai Ships Inc., an established shipbuilding yard in Japan;
• Strategic Marine, a globally renowned builder of high-performance aluminum vessels for the offshore energy sector; and
• Ragnar Energy Solutions, a trusted provider of engineering, project management and marketing support for Mirai’s projects outside Japan.

The MOU sets out the terms for exclusive collaboration on the design and construction of Crew Transfer Vessels (CTVs), a predominant asset utilized during the operational and maintenance phase of offshore wind farm operations, together with supporting role during the construction phases of the offshore wind farm. These vessels are intended to serve Japan’s growing offshore energy market, leveraging local construction expertise and cutting-edge engineering solutions.

The collaboration aims to deliver vessels tailored to Japanese offshore market demands while maintaining the highest standards of quality, efficiency, and environmental sustainability.

The signing also signifies a unified approach towards NetZero goals established globally and support Japan in their track towards reducing greenhouse gas emissions by 46% by 2030.