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K Line acquires remaining stake in offshore wind joint venture

Japanese shipping major Kawasaki Kisen Kaisha (K Line) has taken full control of K Line Wind Service, an offshore wind joint venture held with Kawasaki Kinkai Kisen, a subsidiary of K Line.

K Line Wind Service (KWS) was established in 2021, with a view toward the anticipated growth of offshore wind power generation. KWS is engaged in the offshore wind support vessel business, including operating work and geotechnical survey vessels.

According to K Line, the goal of the acquisition is to accelerate decision-making and achieve more integrated business operations to facilitate KWS’s growth and enhance the corporate value of the K Line Group as a whole.

Kawasaki Kinkai Kisen, together with its subsidiary, Offshore Operation Co., will continue to support KWS’s businesses as part of the K Line Group.

Offshore Operation Co. operates offshore support vessels in a wide range of fields, including support operations associated with marine resource development and offshore wind power projects, marine surveys, offshore construction, towing, and maritime salvage.

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