In line with its recently announced intentions to aggressively expand in offshore, Japanese shipping giant Mitsui OSK Lines (MOL) is buying from Marubeni Corporation a 5% share in Seajacks International, a firm that owns and operates five self-elevating platforms.
This is a new offshore business for MOL, following investments in FPSOs, FSRUs, shuttle tankers, and subsea support vessels. It is also MOL’s first step to move into the renewable energy business field through involvement in installation of offshore wind power generation systems.
Seajacks was founded in 2006 in Great Yarmouth on the east coast of the UK.
