• Home
  • News
  • Seajacks shareholders conclude share exchange deal with Eneti Inc.
  • 2021 August 8 10:54

    Seajacks shareholders conclude share exchange deal with Eneti Inc.

    Tokyo, Japan headquartered Mitsui O.S.K. Lines, Ltd. (MOL) announced that on August 5 2021, shareholders in Norfolk, U.K. based Seajacks International Limited (Seajacks) reached an agreement with Eneti Inc. (Eneti, incorporated in the Marshall Islands) to exchange their Seajacks shares with newly issued shares from Eneti and concluded contracts regarding the share exchange. Investors in Seajacks, which owns and operates self-elevating platform (SEP) vessels, include MOL, Marubeni Corporation, and INCJ, Ltd. The official share exchange is slated to take place soon after certain conditions stipulated in the agreement are satisfied. Once the same share exchange has been executed, Seajacks shareholders will become Eneti shareholders.

    Eneti has been proceeding with the sale and redelivery of its owned and chartered dry bulk fleet since last August, when it announced plans to shift its core business from dry bulk carriers to renewable energy. In May 2021, Eneti signed a SEP vessel building contract with Daewoo Shipbuilding & Marine Engineering Co., Ltd., and is in advanced discussion with shipyards in the U.S. to build the vessel in conformity with U.S. cabotage law, the Jones Act, with an eye toward developing its business in the U.S. market. After the shares are exchanged, the shareholders anticipate positive synergistic effects by combining Eneti's newbuilding SEP vessel with Seajacks' accumulated know-how in SEP vessel ownership and operation and its track record of success in markets around the globe, including Europe, Taiwan, and Japan. Working closely with Eneti, MOL will take a higher profile in the SEP vessel business than ever, a field expected to show significant growth in the future.

    The MOL Group addresses challenges in line with the MOL Group Environmental Vision 2.1, and takes an ongoing, proactive approach to promoting and developing environment-related and emission-free business activities including the offshore wind farm business, striving to reduce the environmental impact of its operations.

    About SEP
    Self-Elevating Platform is equipped with legs that rest on the seabed and move up and down. The vessel installs offshore wind turbines with a crane by moving the platform above the sea surface. By raising and maintaining the platform higher than the waves, the SEP vessel can operate even in rough seas. It can be used not only to install offshore wind turbine, but also to support maintenance work on offshore oil and gas rigs.




2021 December 6

14:35 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14.2% in 2021
14:03 Jan De Nul recieves the transport & installation for Vesterhav Nord & Syd wind farm in Denmark
13:48 Onezhsky Shipyard lays down sixth crab catching ship for Russian Crab Group
13:16 DOTr, PPA unveil P316 million Zamboanga port expansion
12:42 Cargo transportation by Volga-Don Canal decreased by 10.6% in navigation season 2021
12:14 New technology risks must be tackled despite decade of progress in ship safety, warns DNV
11:57 Сruise ship Peotr Veliky made first technological voyage
11:38 Mohammed bin Rashid and Mohamed bin Zayed launch UAE Rail Program
11:14 IAA PortNews’ summary of previous week news
10:51 MABUX: No firm trend on Global bunker market on Dec 06
10:20 New shipyard for large-capacity facilities should be built in Russia – opinion
09:29 Crude oil market sees recovery of prices
09:12 Baltic Dry Index as of December 3

2021 December 5

15:03 GasLog Ltd. places order at DSME for four 174000m3 gas carriers
13:27 USCG holds annual SaR exercise off Maui
12:33 Port of Felixstowe tops 100 million TEU
11:51 Vuosaari fairway deepening project completed on schedule, safely and under budget
10:47 New regional technology clusters in WA and Qld driving growth in Australia’s hydrogen sector

2021 December 4

15:21 MOL and Flotation Energy to explore offshore floating wind in Japan
14:51 Sembcorp Marine's LMG Marin to design world’s first zero-emission fuel tanker
13:09 USCG, royal Turks and Caicos Islands Police Force sign MOU
12:34 The Hurtigruten terminal has been renamed Jektevik terminal
11:02 Port of Rotterdam Authority embarks on partnerships with three promising maritime companies

2021 December 3

18:26 Hydrographic Company set to establish Center of Engineering and Technical Expertise
18:07 ABP Humber complete oil spill incident management exercise
17:52 Wärtsilä OPTI-DP Engagement Tool supporting the marine industry to configure optimised propulsion arrangements for DP vessels
17:45 Ocean Network Express conducts a joint crisis management drill with Seaspan Corporation
17:40 Transport Strategy of Russia until 2030 with forecast until 2035 published on official portal
17:22 MSC adds Hamburg to its feeder service „Baltic Loop 3“
17:02 Vyborg Shipyard launches KMT01 trawler named Kara Sea
16:32 South African minister visits Port of Rotterdam to discuss hydrogen exports
16:05 PD Ports contracts Konecranes to convert four RTGs to electric
15:31 Four Jones Act CTVs built to ABS Class to support U.S. offshore wind development
15:17 ABS, NYK, MTI and WinGD team-up to verify design with modeling and simulation
14:03 Jurong Port joins the Castor Initiative
13:30 ABS awards sustainability notations to two Harvey Gulf vessels
13:04 Kapitan Dranitsyn and Admiral Makarov icebreakers reinforced icebreaker group on NSR
12:57 Royal IHC delivers key components for “R.B. Weeks” to Weeks Marine
12:42 Icebreaker assistance season begins in White Sea waters
12:17 Sailing practice of 2021 on Mir sailing ship successfully completed
11:21 NCSP Group's consolidated revenue for 9M’2021 rose by 9.3%
10:53 Foreign contractors can be involved to build LNG-powered icebreakers for Arctic
10:38 MABUX: Bunker prices may demonstrate multidirectional changes with tendency to grow on Dec 3
10:29 The Korean Register publishes guidance for containers loading on bulk carriers
10:20 MSU-1 to perform reconstruction of Gorodetsky hydrosystem locks
09:57 Annual repair dredging in Gulf of Ob from 2023 estimated at 5 million cbm
09:35 Crude oil prices rise on OPEC+ decision to keep oil output increase in January
09:18 Baltic Dry Index as of December 2

2021 December 2

18:36 NRP buys handysize drybulk carrier
18:06 2M Alliance’s Far East liner service „AE 7/Condor“ calls at Hamburg again
17:54 Icebreaker assistance season starts in Big Port St. Petersburg on December 7
17:36 Vitol is first customer to approve completely digital inspection of cargo tanks
17:15 BIMCO launches new contract for employment of security escort vessels
16:45 GTT will design the tanks of four new LNG carriers ordered by Daewoo Shipbuilding & Marine Engineering to operate in Arctic waters
16:25 MOL announces delivery of next-generation coal carrier 'EeneX' series
16:05 PSA & ONE launch environmentally friendly barge service at Jurong Island Terminal
15:42 “K” Line conducts trial use of marine biofuel for decarbonization on car carrier
15:38 Wärtsilä wins order to supply cargo handling system for second LNG bunker vessel being built by Fincantieri Bay Shipbuilding
15:23 Verifavia launches industry’s first real-time carbon intensity indicator dashboard
14:55 Two more LK-60 icebreakers needed for regular year-round navigation on Northern Sea Route