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Authority (KoFHAH), the Marine Fisheries for farming a variety of marine species. ments, ABS and FLOWRA aim to sup-
Department (MFD), and the Balochistan To accelerate the process, the Federal port a safer future for the global float-
Chamber of Commerce and Industry. Minister directed the Korangi Fish ing wind industry”, said Rob Langford,
The estimated annual production of a Harbour Authority to submit a compre- ABS Vice President, Global Offshore
120-acre aquaculture park ranges from hensive execution report within 10 days. Renewables.
360 to 1,200 tonnes, depending on the FLOWRA is a technical research asso-
cultivated species and the farming ABS and FLOWRA to advance ciation that collaborates with overseas
system employed. Its annual revenue offshore wind technologies organisations to research and develop
potential is projected to be $720,000 ABS and the Floating Offshore Wind common basic technologies for floating
to $7.2 million, influenced by species Power Technology Research Asso- offshore wind, aiming to reduce costs
selection, market prices, and production ciation (FLOWRA) of Japan signed and risks.
intensity. a memorandum of understanding to Masakatsu Terasaki, Chairperson of
The Minister stated that the project, collaborate and explore new technol- FLOWRA BoD, said: “We are delighted
spanning 120 acres, should be devel- ogies to support the floating offshore to be collaborating with ABS, one
oped under a public-private partnership wind industry. of the world’s active classification
framework, aiming to boost the coun- “For over 160 years, ABS has been societies and a leading certification
try’s blue economy through sustainable leading the charge for safety excellence body in the floating offshore wind
aquaculture. The meeting was informed in the marine and offshore industries. segment. This partnership is of great
that the land cost for the Aquaculture Joining FLOWRA represents a great significance to FLOWRA’s efforts.
Park has been determined based on an opportunity for us to work closely By combining ABS’s exceptional
extensive farming model, providing an with industry leaders who are shaping technical expertise and risk management
affordable and efficient foundation for what safety means for floating off- capabilities with FLOWRA’s initiatives,
private investors. shore wind developments. By lever- we anticipate advancing the optimi-
Experts informed the meeting that aging ABS’s deep domain experience sation of floating offshore wind power
Pakistan’s coastal waters possess in offshore energy and leaning into systems and establishing a robust tech-
highly conducive conditions for aqua- our shared interests in the development nical foundation, while reducing devel-
culture, providing an ideal environment of practical standards and require- opment risks and costs”.
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