Japanese shipping company Nippon Yusen Kaisha (NYK Line) has become the majority owner of crew transfer vessel (CTV) operator, Northern Offshore Group (N-O-G).
NYK Line is investing in Northern Offshore Group AB, a company which operates over 60 CTVs in the global offshore wind industry.
NYK and N-O-G have had an operational and technical collaboration since 2019, and N-O-G became an NYK Group company when a majority of its shares were acquired by NYK.
Through this investment, N-O-G will be able to leverage NYK’s global network, whilst NYK will gain important operational experience in preparation for the anticipated future expansion of offshore wind in waters closer to Japan.
David Kristensson, Northern Offshore Group CEO, will continue to lead the company. Furthermore, Carl-Johan Hagman, NYK executive officer and NYK Group Europe region head, is now chairman of N-O-G’s board of directors.
Carl-Johan Hagman emphasized, “For several years, NYK and N-O-G have had a close partnership that has very naturally evolved into this co-ownership. N-O-G will continue to operate as an independent entity, retaining its ‘Donsö-spirit’, but will have the ability to draw on the global resources of the wider NYK Group.”
Last month, NYK Line reported that it jointly established a ship-management company together with Akita Eisen KK. Its business activities will include ship management and operation related to offshore wind power generation projects centered on CTVs.
The aim of the joint venture, Japan Offshore Support Co., Ltd. (JOS), is to provide ship maintenance and management services for offshore wind power projects, as well as training and employment for seafarers.
The shareholders of the joint venture will be Nippon Yusen Kabushiki Kaisha with 51% and Akita Eisen KK.
It is worth mentioning that the capital for Japan Offshore Support Co. was 100 million yen. The head office will be in Akita City, Akita Prefecture.
