MOL To Invest in Self-Elevating Platform Vessel Operator

By Curious

Moving into Offshore Business Following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel

Mitsui O.S.K. Lines, Ltd. (MOL) today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels*, from Marubeni Corporation.

MOL To Invest in Self-Elevating Platform Vessel Operator

One of the world's largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks

This is a new offshore business for MOL, following FPSO, FSRU, shuttle tanker, and subsea support vessel.

It is also the first step to move into the renewable energy business field through involvement in installation of offshore wind power generation systems, which is expanding in Europe and other areas around the world.

(*) - The platform is equipped with legs that rest on the seabed and move up and down. The vessel installs offshore wind power generation systems by moving the platform up to the sea surface with a crane. By raising and maintaining a level higher than the waves, the generators can operate even in rough seas. It can be used not only to install offshore wind power generation systems, but also to help maintain offshore oil and gas rigs.

Source: MOL