Giant Japanese shipowner Mitsui OSK Lines (MOL) has formed a new joint venture to move further into offshore wind vessel operations.
It has set up a new company on a 50/50 basis with domestic group Toyo Construction Co following a collaboration agreement in February focusing on developing a wind farm ship.
The two sides then “reached the decision to form a JV after study and discussion of opportunities for collaboration in the offshore wind power generation business”.
