Taiwan's offshore wind market a breath of fresh air for O&M sector

Singapore

ROBERT Kuok-backed PACC Offshore Services Holdings (POSH) has joined a line of Singapore-based offshore and marine (O&M) players seeking to get in on billions of dollars in contracts from Taiwan's promising offshore wind market.

Observers have cautioned, however, against O&M players getting their hopes up over filling the order book gap from slower oilfield services demand. Getting into the market would mean treading a fine line between meeting bottomline objectives and matching Taiwan's local content aspirations.

For starters, of…