What PKR Offshore Co., Ltd does

PKR Offshore Co., Ltd (PKRO), established in 2018 in Taipei and formerly known as POSH Kerry Renewables, is a specialized offshore wind support vessel operator headquartered in Taiwan. The company owns and operates a fleet of 7 ROC (Taiwanese)-flagged vessels comprising 5 Crew Transfer Vessels (CTVs), 1 Commissioning Service Operations Vessel (CSOV), and 1 Anchor Handling Tug (AHT). Its flagship CSOV MP Wind Archer, delivered in March 2025 and valued at approximately US$60 million, is Taiwan's first purpose-built ROC-flagged CSOV. The vessels feature advanced technical specifications including SMST 3D motion-compensated walk-to-work gangways, 3D motion-compensated knuckle boom cranes, DP2 dynamic positioning, and Cat 3512E diesel-electric hybrid battery propulsion systems designed to be methanol-ready.

PKRO generates revenue primarily through multi-year vessel chartering framework agreements with major international and local offshore wind developers, including Orsted, Vestas, Siemens Gamesa, Skyborn Renewables, Copenhagen Infrastructure Partners, Hai Long, and Formosa 1/2. Pricing is negotiated on a per-contract basis and not publicly disclosed; the company also offers fleet management services covering operations, HSEQA, technical, purchasing, and crewing functions. The go-to-market is enterprise field sales targeting wind developers and EPC contractors, with no retail or self-service channels. PKRO is 51%-owned by Taiwanese company Shengfan Co. Ltd and 49%-owned by Marco Polo Offshore Sdn Bhd, a subsidiary of Singapore-listed Marco Polo Marine Ltd (SGX:5LY), which provides shipyard integration capabilities. The company has expanded geographically from Taiwan into South Korea (via NSEL partnership, CTV MP Corus deployed to Jeongnam 1 OWF in 2024) and Japan (via KWS/K Line partnership), and plans a Taiwan Stock Exchange listing by 3Q 2026 to fund further fleet expansion.

Name

PKR Offshore Co., Ltd

Legal name

PKR Offshore Co., Ltd

Website

https://pkroffshore.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

PKR Offshore is a Taiwan-based offshore wind support vessel operator running a fleet of 7 ROC-flagged CTVs, CSOVs, and AHTs chartered to major developers including Orsted, Vestas, and Siemens Gamesa across Asia-Pacific, with expansion into Korea and Japan.

Ownership category

akta.pro rank

Product category

Offshore Wind Support Vessel Chartering

NAICS

Support Activities for Water Transportation (4883)

SIC

Water Transportation (4400)

akta.pro primary industry

Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO)

akta.pro secondary industries

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• Offshore wind vessels
• Crew transfer vessels
• Commissioning service operations
• Anchor handling tugs
• Offshore wind support

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Vessel Chartering: Chartering of specialized offshore wind support vessels including CTVs, CSOVs, AHTs, and AHTS vessels to wind developers. Contracts include framework agreements with minimum utilization commitments (e.g., 3-year Vestas framework, APAC Siemens Gamesa CTV framework). Revenue is usage/duration based with multi-year terms.
2. Fleet Management Services: Comprehensive fleet management including operations, HSEQA, technical, purchasing, and crewing services for owned and potentially third-party vessels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

PKR Offshore Co., Ltd owns and operates a fleet of specialized offshore wind support vessels — including Crew Transfer Vessels (CTVs), a Commissioning Service Operations Vessel (CSOV), and Anchor Handling Tugs (AHTs/AHTS) — chartered to offshore wind developers, OEMs, and EPC contractors across the Asia-Pacific region. The company provides vessel support across the entire offshore wind project lifecycle, covering development surveys, construction, commissioning, and operations & maintenance (O&M), with hybrid diesel-electric propulsion, motion-compensated gangway and crane systems, and DP2 station-keeping.

Differentiator

Problem solved

Functional benefit

Products and services

• MP Wind Archer CSOV (Commissioning Service Operations Vessel) 83m purpose-built ROC-flagged Commissioning Service Operations Vessel with 110-person accommodation, SMST 3D motion-compensated walk-to-work gangway, 5T SWL x 26m 3D motion-compensated knuckle boom crane, diesel-electric hybrid battery system, methanol-ready, and DP2 dynamic positioning. Chartered to offshore wind developers for turbine commissioning and O&M crew transfers in APAC.
• MP Eurus CTV (Crew Transfer Vessel) Newbuild ROC-flagged Crew Transfer Vessel delivered in 2025 for transport of technicians and personnel to offshore wind turbines; part of PKRO's fleet expansion plan to support APAC offshore wind projects.
• MP Corus CTV (Crew Transfer Vessel) Crew Transfer Vessel deployed to South Korea to support the JeongNam 1 offshore wind farm commissioning; marked PKR Offshore's maiden charter in the Korean market under partnership with NSEL.
• MP Pahlawan AHT (Anchor Handling Tug) Anchor Handling Tug with 65 MT bollard pull and 5000 BHP, ROC-flagged, used for guard vessel, anchor handling and towing support at offshore wind farms including Greater Changhua.
• Fleet Management Services Comprehensive fleet management services covering operations, HSEQA, technical, purchasing, and crewing for PKRO's owned ROC-flagged vessels, delivered through the Taichung Fleet Management Team office.
• Offshore Wind Vessel Chartering (CTV, CSOV, AHT/AHTS Charter Services)

Quantifiable outcome

• 1,800+ successful personnel transfers via gangway; 2,000+ successful CTV transfers; 300+ cargo lifts; Zero incidents
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered supporting, core and strategic.

• SEMI TaiwansupportingStrategic or Co-development Partner · 1 April 2025Collaboration on sustainability initiatives aligned with UN SDGs, working together to drive change and reduce carbon footprint in semiconductor and renewable energy sectors.
• Association of Singapore Marine & Offshore Energy Industries (ASMI)supportingGTM or Marketing Partner · 1 February 2025Participation under Singapore Pavilion at Wind Expo Tokyo organized by ASMI, facilitating connections with Japanese wind clients and business associates.
• Enterprise SingaporesupportingGTM or Marketing Partner · 1 February 2025Mission Trip led by Enterprise Singapore facilitated PKRO participation at Wind Expo Tokyo for expansion into Japanese offshore wind market.
• SALT Ship DesigncoreStrategic or Co-development Partner · 1 January 2025Partnership for development of second vessel 'CSOV Plus' - first purpose-built CSOV designed from keel up for dual-sector operations in offshore wind and oil and gas sectors.
• Global Wind Energy Council (GWEC)supportingGTM or Marketing Partner · 1 December 2024Sponsor of networking coffee sessions at GWEC APAC Wind Energy Summit in Incheon, South Korea. Shared experience on driving synergies in APAC supply chain during Technical Session.
• Boskalis / 伯威海事supportingStrategic or Co-development Partner · 1 May 2024Collaboration on guest lecture at NKUST to attract young talents to offshore wind industry. PKRO participated alongside Boskalis in industry engagement with maritime universities.
• Taiwan Environmental Information Association (TEIA)supportingOthers · 1 May 2024CSR tree-planting collaboration at Budai with PKRO team participating in environmental conservation activity planting 40 trees for migratory bird habitat.
• National Taiwan Ocean University (NTOU) and National Kaohsiung University of Science and Technology (NKUST)supportingOthers · 1 March 2024Campus job fairs at maritime universities to recruit young talents to offshore wind industry. Sharing company expertise and fleet information with students.
• Siemens Gamesa Renewable EnergycoreStrategic or Co-development Partner · 1 January 2024Asia-Pacific CTV Framework Agreement spanning Taiwan and Korea for offshore wind projects (2024-2026, option to extend to 2030). Grants access to PKRO's expanding CTV fleet for installation and servicing of offshore wind turbines.
• NSEL (Korea)coreStrategic or Co-development Partner · 1 January 2024Strategic partnership for South Korea offshore wind market entry. NSEL local partner facilitated deployment of CTV MP Corus for Jeongnam 1 offshore wind farm commissioning, marking PKRO's maiden charter in Korean market.
• British Chamber of Commerce in Taipei (BCCT) UKRCsupportingOthers · 1 January 2024Participation in UKRC Internship Programme to attract young university students or recent graduates passionate about renewables. BCCT mentorship program for professional development.
• Vestas Taiwan Co., LtdcoreStrategic or Co-development Partner · 1 November 20233-Year Framework Agreement signed for CSOV deployment across various offshore wind farms in Asia Pacific region, based on minimum utilisation commitment per annum. MP Wind Archer deployed to support Vestas operations including Zhong Neng and Chang Fang Xi Dao offshore wind farms.
• Kawasaki Kisen Kaisha (K Line) Wind Service, Ltd (KWS)coreStrategic or Co-development Partner · 1 December 2022MOU signed to explore suitable vessel opportunities in Japanese offshore wind market. Joint entity to own and operate offshore support vessels targeting customers in Japan's offshore wind sector (target: 10 GW by 2030, 30-45 GW by 2040).
• Cat Marine SolutionssupportingTechnology or IntegrationPartnership for CSOV MP Wind Archer hybrid power systems. Cat 3512E engine provides auxiliary power as part of hybrid system for greater fuel efficiency and methanol-ready positioning.
• National Academy of Marine Research (NAMR)strategicStrategic or Co-development PartnerVisit to MP Wind Archer vessel; NAMR awarded Marco Polo Marine Shipyard contract for 4,000-ton oceanographic research vessel (NT$4.678 billion), highlighting shipyard capabilities in specialized vessel construction.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Edda Wind: Norwegian pure-play CSOV/SOV owner-operator purpose-built for offshore wind. Directly comparable to PKR on vessel class (CSOV), wind-OEM customer mix (Siemens Gamesa, Vestas), and hybrid/methanol-ready newbuild design philosophy.
• North Star Renewables: UK-based operator of CTVs and SOVs supporting European offshore wind farms. Directly comparable vessel mix (CTVs and SOVs), similar enterprise charter model to wind developers, and same OEM customer profile as PKR Offshore.
• ESVAGT: Danish offshore wind service vessel specialist operating SOVs/CSOVs and emergency response vessels across Europe and increasingly APAC. Closest direct peer to PKR Offshore in vessel type, customer base (wind OEMs/developers) and motion-compensated walk-to-work offering.

Broad incumbents

• Tidewater: US-listed global OSV operator with the largest crew boat / offshore support vessel fleet. While predominantly O&G-exposed, Tidewater's scale, customer access, and growing renewables presence make it a relevant broad incumbent peer.
• DOF Group: Norwegian global OSV and subsea operator with AHTS/PSV fleet relevant to PKR's AHT operations and offshore wind construction support. Larger, broader incumbent with overlapping capabilities on AHT-class vessels.
• Vroon Offshore: Netherlands-headquartered offshore vessel operator with a large, diversified OSV fleet including wind-support and conventional oil & gas vessels. Comparable in AHT/PSV operations and offshore-wind push, but with a much broader fleet and global footprint than PKR.
• Solstad Offshore: Norwegian global OSV operator with a renewed strategic focus on offshore wind service vessels. Comparable shift from traditional O&G to wind support, and similar CSOV/SOV-class newbuild investments as PKR.
• Siem Offshore: Norwegian offshore support vessel owner with growing renewables exposure (SOVs) alongside traditional OSV activities. Comparable vessel mix and customer overlap with offshore wind developers, though with broader O&G heritage than PKR.

Others

• Strategic Marine: Singapore-based shipbuilder of CTVs and other offshore vessels — supplier of several PKR Offshore CTVs (MP Eurus, MP Dagoda, MP Corus). Adjacent rather than directly competitive, but a key ecosystem participant in PKR's fleet build-out.

Regional players

• Windward Offshore: Taiwan-based offshore wind support vessel operator also targeting CTV and SOV charters in the Taiwan/APAC market. Direct regional competitor to PKR in the same Taiwanese wind-farm tendering environment.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/pkr-offshore-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PKR Offshore Co., Ltd