MOL invests in Seajacks

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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