Category: Updates

Mr Kelvin Teo, Managing Director, POSH Kerry Renewables, delivering his keynote at the 7th Asia Offshore Wind Day in Taipei, Taiwan on 15 October 2019.

POSH Kerry Renewables (“POSH Kerry”), the joint venture between PACC Offshore Services Holdings and Kerry TJ Logistics, recently participated in the 7th Asia Offshore Wind Day in Taipei, Taiwan, on 15 October 2019, which brought together industry leaders from across the offshore renewables sector in Asia.

Mr Kelvin Teo, Managing Director, POSH Kerry, presented and spoke on a panel at the “Supply Chain and Localisation” session, touching on the rapidly growing offshore wind sector in Taiwan and beyond, and how POSH Kerry is uniquely positioned to capture the many opportunities on tap.

In what will be a highly vessel-intensive industry, Mr Teo explained POSH Kerry’s unique proposition in Taiwan. Leveraging on the respective offshore marine and logistics expertise of its partners, with access to a fleet that can serve the entire value chain as well as its Kuok Group parentage, the Company is well-placed as a partner of choice for customers.

POSH Kerry has the further advantage of best-in-class partnerships including with Seagreen Enterprise, Rolls Royce (recently bought over by Kongsberg) and World Marine Offshore, and is deeply committed to localisation, with a strong Taiwanese core and participation in various local wind and maritime organisations.

With a series of contract wins already under its belt, POSH Kerry will continue to provide customers with a comprehensive suite of supply chain and offshore marine solutions suited to their specific needs in the offshore wind space. Taiwan will also serve as its potential launchpad into neighbouring markets, as POSH Kerry continues to grow and hone its expertise in the field.

As we ramped up our operations in Taiwan for our renewables sector this year, we also recognise the hard work and dedication which our Taiwanese crew has put in for us to have been able to have done so.

Our local team at Taichung took some time off to celebrate their achievement in 2019, especially the successful participation in Formosa 1 Phase 2, the very 1st commercial offshore wind farm in Taiwan.

Life at sea can be exciting and challenging at the same time, and many of our crew spend an extended period away from their family and loved ones.

The hard work they put in never goes unnoticed, and we look forward to another year of growth and achievements together.

In May this year, Fang Chang, our Taiwanese Marketing Executive colleague from POSH Kerry Renewables, underwent a one-week attachment at POSH’s Singapore office. In order to help her better understand the intricacies of the Group’s different business functions and the behind the scenes work that make a successful offshore marine operator, she was attached to our Offshore Supply Vessels (“OSV”) division.

She shares her reflections on her stint with us.

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My attachment programme lasted from 13 May to 17 May 2019, during which I worked alongside several business units. It was absolutely eye opening to see how our Singapore headquarters ran their office. I was also grateful to have had the chance to meet colleagues from all the four business units, namely, Offshore Supply Vessels ("OSV"), Offshore Accommodation ("OA"), Transportation & Installation ("T&I"), and Harbour Services & Emergency Response ("HSER").

Even though my time here was brief, I learnt many valuable lessons, which are very applicable to my career at POSH Kerry Renewables.

Collaboration across Business Functions

One key lesson I learnt was that a company needs to work closely together across functions. During my attachment with the OSV division, I had the opportunity to witness how a Charter Party was drafted and understand the commercial implications and terms. Other contract intricacies I learnt include insurance, risk, and how different payment terms all play a part in the way a contract is negotiated. All these required  different business functions to work hand in hand at every step, and I am grateful for the guidance I’ve had along the way. At the end of my attachment, I was able to confidently arrive at a costing for a mobilisation and demobilisation charter, as well as draft a Charter Party agreement.

Passion and Ownership

The second key takeaway during my stint is the importance of passion. Through my conversations with various people, I realised that passion is the most prevalent theme driving this group of individuals forward. The offshore industry is niche and not easy to navigate as the safety of our crew is at the center of our business – this requires deep commitment to the job from various functions. I am truly thankful to have had the opportunity to work with such an experienced, passionate and dynamic team and witness first-hand their sense of ownership and responsibility.

Getting Closer to our Customers

Lastly, I learnt that working in a commercial environment not only requires having a good grasp of market sentiment or “head knowledge”, but also requires building and maintaining strong relationships with our clients, which includes constantly pre-empting what they need and offering them suitable solutions. It is important to be able to constantly engage and innovate for our clients in order to remain competitive in this industry.

Following my stint in Singapore, I am excited to hit the ground running now that I am back in Taiwan. The demand for renewables has been growing faster than expected, and it is reassuring to see that our team at POSH is committed to delivering quality solutions to our clients, and I am privileged to be a part of this.  

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About PACC Offshore Services Holdings (“POSH”)

Headquartered in Singapore and listed on the Singapore Exchange, POSH is a leading offshore marine services provider with more than 60 years of operating experience in offshore and marine oilfield services. With a young and diverse fleet of over 100 offshore vessels, POSH is known as a best-in-class service provider serving multiple segments of the offshore energy value chain and readily transferable expertise for the offshore wind sector.

POSH Kerry is a joint venture between leading offshore marine operator PACC Offshore Services Holdings Ltd (“POSH”) and Asia’s premier logistics service provider Kerry TJ Logistics (”Kerry TJ”).

TAIWAN, 11 APRIL 2019 - POSH Kerry Renewables, Senior Manager Mr. Harry Wu and MIRDC, President Dr.Chiu-Feng Lin signed a memorandum of understanding ("MoU”).

TAIWAN, 11 APRIL 2019 – POSH Kerry Renewables (“POSH Kerry”) has been invited to partner the Metal Industries Research & Development Centre (“MIRDC”) to train local maritime talents in areas covering Dynamic Positioning (“DP”) training, at Taiwan’s first specialised Maritime Training Centre.

The company today signed a memorandum of understanding (“MoU”) with MIRDC – an agency under the umbrella of Taiwan’s Ministry of Economic Affairs – to join leading maritime companies Maersk Training and DNV GL to develop professional courses across various specialties. These courses will uplift Taiwan’s maritime capabilities by developing local expertise for both onshore and offshore talent.

The maritime training centre is scheduled for completion in 2020 and will be located within the vicinity of Shin Da Harbour in Kaohsiung.

Mr Kelvin Teo, Managing Director, POSH Kerry, said, “We are excited to contribute towards the establishment of Taiwan’s first specialised Maritime Training Centre, especially in the area of DP training. In sharing our expertise and providing on-the-job training on board our large fleet of DP offshore vessels, POSH Kerry will do its part in cultivating a pipeline of local talent who can anchor the government’s plans to advance its offshore renewable energy and marine industries.”

As a Taiwan-based integrated solutions provider, POSH Kerry is able to lend its expertise to develop DP training curriculum that are accredited by The Nautical Institute. The company will provide trainers for these courses, as well as offer attachment opportunities for trainees to serve as DP Operators on DP vessels. The partnership with MIRDC reaffirms POSH Kerry’s commitment to support the offshore renewable energy and maritime development goals for Taiwan.