Mitsui OSK Lines (MOL) has entered into an agreement to acquire shares – valued at just under US$73 million - in AKOFS Offshore.
According to a statement from the Japanese shipping line, this acquisition will mean that MOL will fully move into, and become more involved in, the operation and ship management of subsea support vessels.
“MOL anticipates stable demand and earnings in the subsea field, and plans to get involved in every phase of operations as it strives to expand the business - from research of sea bed petroleum and gas fields to construction, maintenance, repair work and removal in which these vessels play essential roles.”
AKOFS currently operates three subsea support vessels.
