MOL to Invest in Seajacks International

One of the world

By Aiswarya Lakshmi

Mitsui O.S.K. Lines is investing in self-elevating
platform vessel operator Seajacks International Limited
(Seajacks) to move into offshore business following FPSO, FSRU,
Shuttle Tanker, and Subsea Support Vessel.

MOL has announced a plan to acquire a 5% share in Seajacks, which
owns and operates five Self-Elevating Platform vessels, from
Marubeni Corporation.

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.

MOL continually contributes to environmental protection in areas
and ports worldwide, and takes a proactive stance in promoting
thoroughly safe operation and ocean and global environmental
protection in compliance with our corporate principles.

The Self-Elevating 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.

Feb 24, 2017

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