TOYO CORPORATION
TOYO CORPORATION News
Vard inks Deal on $200m Hybrid Cable Layer
Vard, the Norwegian subsidiary of the Fincantieri Group, signed a contract for $200m to design and build a customized hybrid cable-laying vessel for Japan's Toyo Construction.The hybrid cable vessel will have a design specifically developed for custom needs to meet the growing Japanese offshore wind farm market and will also be able to operate worldwide. It will have an optimal hull design to suit natural and construction conditions in Japan…
MOL, Toyo Eye Offshore Wind Vessel Collab
Japan-based shipping in giant Mitsui O.S.K. Lines, Ltd. (MOL) and its compatriot Toyo Construction have signed a Memorandum of Understanding (MoU) on evaluating potential collaboration in the offshore wind space.The companies aim to open up new business opportunities for work vessels that will be required for offshore wind power projects, based on the demand for vessels related to offshore wind power business in…
