MOL Steps Further into Subsea Support Vessel Business

first_imgzoomImage Courtesy: MOL Japanese shipping company Mitsui O.S.K. Lines (MOL) is moving further into the subsea support vessel business as it decided to buy a stake in Norwegian AKOFS Offshore AS.As informed, MOL and Mitsui & Co have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, which is owned by Aker Group’s Akastor ASA.“After in-kind contribution of the company of owner and leasing the subsea support vessel, Skandi Santos, which MOL, Mitsui & Co., and AKOFS are jointly operating since November 2016, MOL’s acquisition amount will be about JPY 8 billion,” the company said.The move will enable MOL to become more involved in the operation and ship management of subsea support vessels, as explained by the company.AKOFS currently operates three subsea support vessels. Two of them, including the Skandi Santos, are chartered to the Brazilian state oil company Petróleo Brasileiro, while another is planned to be chartered by Equinor Energy AS.MOL said it anticipates stable demand and earnings in the subsea field and plans to get involved in every phase of subsea support vessel operations, from research of sea bed petroleum and gas fields to construction, maintenance, repair work, and removal, as the company strives to expand the business.Additionally, MOL, Mitsui & Co., Akastor and Aker have agreed to seek new opportunities to expand their collaboration based on a long-term perspective.last_img read more

15000 awarded to military families to help with holiday shopping

first_img KUSI Newsroom Posted: December 13, 2018 December 13, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI)- The Armed Services, YMCA and the East County Posse, a non-profit organization, teamed up to give away $15,000 to military families to help with holiday shopping needs.Thirty local families were awarded gift cards of $500 each.They have partnered together for over five years and have given away about $60,ooo over that time period. $15,000 awarded to military families to help with holiday shopping KUSI Newsroom, Categories: Local San Diego News FacebookTwitterlast_img read more

Full Show VP Pence Visits Houston And Contributions Of Houstons Sicilian Immigrants

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