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K Line Buys Out Offshore Wind Venture

K Line has taken full ownership of K Line Wind Service, aiming to streamline decision-making and integrate operations more closely as it expands its offshore wind support vessel business.
Photo source: K” Line Wind Service

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Kawasaki Kisen Kaisha (K Line) has acquired the remaining stake in K Line Wind Service, taking full ownership of the offshore wind venture it had operated with Kawasaki Kinkai Kisen, a subsidiary of the group.

Established in 2021, K Line Wind Service was formed to prepare for expected growth in offshore wind power generation. The company is active in offshore wind support vessel services, including the operation of work vessels and geotechnical survey vessels.

K Line said the acquisition is intended to simplify decision-making and align operations more closely across the business. By bringing K Line Wind Service fully into the group structure, the company aims to support the venture’s development and strengthen the wider corporate value of the K Line Group.

Following the transaction, Kawasaki Kinkai Kisen and its subsidiary Offshore Operation Co. will continue supporting the business within the group. Offshore Operation Co. operates offshore support vessels for marine resource development, offshore wind projects, marine surveys, offshore construction, towing and salvage work.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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