Major Shipping Company Gets Behind Offshore Wind Technology Specialist

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Tokyo-based global shipping company Mitsui O.S.K. Lines Ltd. (MOL) has taken a stake in Odfjell Oceanwind, a Norwegian firm that specializes in floating offshore wind.

The strategic partnership enables Odfjell Oceanwind to accelerate its business plan of supporting and partnering with offshore wind developers in realizing floating offshore wind projects based on the company’s proprietary Deepsea technologies. Deepsea offers unique benefits in terms of standardized and DNV-approved designs for large 15 MW+ offshore wind turbines.

The Deepsea Star semisubmersible foundation design in steel has already been selected for the GoliatVIND and UtsiraVIND projects and is currently being considered for several INTOG and Scotwind projects, and for a total of 50 GW of projects globally.


“MOL is a quality investor that perfectly complements our existing shareholders,” says Odfjell Oceanwind CEO Per Lund. “Being one of the world’s largest shipping companies operating more than 800 ships, and with a rapidly increasing service portfolio relevant for floating offshore wind, MOL comes with valuable resources and experience that will be important to Odfjell Oceanwind.”

Odfjell Oceanwind combines Odfjell’s 50 years of maritime experience in designing, building and operating floating units in harsh environments with Oceanwind’s 20 years of experience in developing floating offshore wind solutions.

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