Mooreast assessing investments to support higher-capacity offshore wind farms

Mooreast Holdings has completed upgrades to a multi-buoy mooring system off the eastern shore of the Gulf of Thailand, with estimated contract revenues of S$8.8 million (US$6.6 million).

The company is also monitoring developments in offshore wind toward larger-scale, higher power projects. Developers and their partners, the company says, are looking for fabricators capable of handling the large volumes of anchors and mooring components needed for the bigger programs.

Mooreast claims to be Asia’s sole ultra-high power anchor designer and manufacturer. Last year the company expanded its presence in the region by opening new offices in Taiwan and Malaysia. Also in mid-2024, subsidiary Mooreast Asia announced plans to acquire a 98,919-sq-m site from Seatrium to scale up fabrication for the floating offshore renewable energy sector.

Mooreast is currently assessing the capability of its facility at 51 Shipyard Road, Singapore, to handle production of anchors and components as these projects advance to the formal tender stage.

If orders for these structures increase beyond the yard’s current capacity, Mooreast would investigate gaining access to additional capacity.