“K” LINE acquires full ownership of “K” Line Wind Service

Kawasaki Kisen Kaisha (“K” LINE) and its wholly owned subsidiary Kawasaki Kinkai Kisen Kaisha announce that “K” LINE has acquired all of the shares of “K” Line Wind Service (KWS) held by Kawasaki Kinkai Kisen, making it a wholly owned subsidiary of “K” LINE. Previously, the two companies operated KWS as a joint venture.



KWS was established in 2021 as a joint venture between “K” LINE and Kawasaki Kinkai Kisen. With a view toward the anticipated growth of offshore wind power generation, KWS is engaged in the offshore wind support vessel business, including the operation of work vessels and geotechnical survey vessels.



The goal of the acquisition, completed 31 March, is to accelerate decision-making and achieve more integrated business operations to facilitate the growth of KWS’s business and enhance the corporate value of the “K” LINE Group as a whole.



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