Japanese trading house Marubeni has taken control of offshore construction vessel specialist Seajacks International through buying out a slice of the 50% held by Innovation Network Corporation of Japan.
The deal gives Marubeni 52.5% of the company, which is a prominent player in the UK offshore wind construction market.
It was in March 2012 that Marubeni and Innovation Network Corporation of Japan (INCJ) announced that they had agreed to acquire Seajacks International from funds controlled by conventional and renewable energy focused private equity firm Riverstone Holdings.
That deal led to the two Japanese entities owning Seajacks 50:50. The company, led by managing director Blair Ainslie burst on to the marketplace in 2009 with two new generation liftboats designed primarily for the offshore oil and gas market but with renewables firmly on the agenda.
They were the GustoMSC’s NG2500X class Kraken and Leviathan, which have since been joined by the Hydra and NG5500C class Zaratan.
A year ago, the company announced that it had ordered the NG14000X class Scylla from Samsung of South Korea with delivery scheduled for H2 next year.
The vessel will be equipped with a 1,500t leg-encircling crane, incorporate useable deck space in excess of 5,000sq.m and have over 8,000t of available variable load space.
Today, Seajacks’ primary focus is offshore wind.
Marubeni also has extensive renewables holdings, including in the UK Gunfleet Sands offshore windfarm.
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