Windward Offshore And Marubeni In New Offshore Partnership

The Hamburg-based Windward Offshore is a provider of offshore wind service vessels, and with a fleet of four CSOVs (Commissioning Service Operation Vessels) currently under construction at VARD shipyards.

After the company secured a senior loan facility of up to €182m at the end of last year, and the launching of Windward Athens on February 10, it expects the first vessel to be delivered in September this year.

Windward Offshore informed that it now has entered an exciting new chapter by establishing a partnership with Japan based trading and investment company Marubeni Corporation.

The new partnership was finalized with Windward Offshore raising new equity to fund future growth, and Marubeni Corporation acquiring the new shares through a wholly owned subsidiary, thereby becoming a 25.1% shareholder in the company.

Marubeni Corporation is a member of the five Japanese trading houses (“sogo shosha”) with a strong presence in the global energy sector and acting as the developer of offshore wind projects in Europe and Japan as well as various experience in the supply chain, said Windward Offshore in its statement.

Yasutomo Miyake, general manager, ship project dept. of Marubeni Corporation, said