On March 24, Nippon Yusen Kabushiki Kaisha (NYK) invested in IOVTEC Co., Ltd. (IOVTEC), a Taiwanese offshore wind integrated service company, through subscription of newly issued stock shares.

IOVTEC and its subsidiary companies, collectively known as the IOG Group, provide comprehensive services for offshore wind projects in Taiwan and across Asia. These services include marine surveys, construction support, vessel chartering, management and repair, talent cultivation, and the operation and maintenance of offshore wind farms, spanning the entire wind-farm life cycle from the early stages of project development site investigation through the construction period and into long-term operation and maintenance.

Since 2014, IOVTEC has played a crucial role in Taiwan’s offshore wind industry, a leading market in Asia.
NYK participates in offshore wind power projects based on its knowledge of ocean shipping and relationships with overseas and local partners through community-based businesses such as the company’s CTV operations and its training center for offshore wind farm operators and seafarers.

Through this investment, NYK and IOVTEC will contribute to developing Japan’s offshore wind power industry based on their knowledge, know-how, track records, and networks to further strengthen their position in the Taiwan market. They also aim to further expand offshore wind power-related projects in the Asia-Pacific region, including Taiwan.

IOVTEC Co., Ltd.
Headquarters: Taipei, Taiwan
Establishment: July 2013
CEO/President: Vincent Tsai
Website: https://iog-tw.com/

Nippon Yusen Kabushiki Kaisha
Headquarters: Tokyo, Japan
Establishment: September 1885
Representative: Takaya Soga
Website: http://www.nyk.com/