On June 18, LS Materials and LS Marine Solution have officially begun a major port infrastructure project aimed at strengthening their response to the global offshore wind power market. The move follows the signing of a memorandum of understanding (MOU) with Blue Water Shipping (BWS), a leading international port operations company specializing in the offshore wind sector.
The partnership marks a strategic step toward establishing specialized port facilities in Korea capable of supporting assembly, shipment, and maintenance of offshore wind equipment. This initiative aligns with the government’s goal to deploy 14GW of offshore wind power by 2030 and aims to enhance the competitiveness of local supply chains.
LS Group’s affiliates are not merely focusing on equipment supply; they are adopting a comprehensive "Total Value Chain" approach that encompasses design, procurement, construction (EPC), as well as storage, transportation, installation, and maintenance. In the first phase, a domestic port will be designated as a pilot site within this year, with capacity to handle approximately 1GW of wind turbines annually. Subsequent phases aim to expand the operations to other major ports and standardize operational procedures based on accumulated expertise.
Blue Water Shipping, which manages over ten offshore wind ports across Europe, is entering into official cooperation with a Korean company for the first time, marking a significant milestone in Korea’s offshore wind industry.
Hong Young-ho, CEO of LS Materials, stated, “This collaboration is a pivotal milestone in integrating the entire offshore wind supply chain. It will solidify Korea’s position in the Northeast Asian offshore wind market and contribute to establishing a robust global supply network.”
This initiative is expected to alleviate port bottlenecks, generate economic benefits worth hundreds of billions of won, create numerous jobs, and ultimately enhance Korea’s energy competitiveness through increased industry self-reliance in offshore wind power.
