Japan has long been synonymous with engineering excellence, boasting a reputation for precision, innovation, and efficiency that has established its companies as global leaders. With the nation’s economic growth projected to accelerate in 2025—driven by rising wages, robust corporate profits, and increased household spending—its industrial giants are poised to play a central role in shaping the global energy landscape. The offshore engineering sector, in particular, exemplifies Japan's ability to lead complex, high-stakes industries, setting standards for quality and innovation.

At the forefront of this sector is MODEC, a company that epitomizes Japanese excellence and international reach. Founded as Mitsui Ocean Development Engineering & Company, MODEC remains a part of the Mitsui Group, combining its deep Japanese roots with a global mindset. For over five decades, MODEC has specialized in ocean-related solutions, particularly in floating production, storage, and offloading (FPSO) units, essential to the oil and gas industry. It has established itself as a global leader in offshore production solutions, leveraging a wave of growth in the energy sector to deliver cutting-edge innovations and operational excellence.

“We are a truly unique Japanese company,” says MODEC President and CEO Hirohiko Miyata. “From the very beginning, our focus has been global. Nearly all our clients are based outside Japan, and our workforce of over 6,000 reflects this diversity, with only 5% of employees being Japanese. Our ambition is to operate as a fully global business, delivering world-class solutions to clients around the world.”