An offshore support vessel
JBIC signed two loan agreements with K LINE OFFSHORE AS, a Norwegian corporation in which Kawasaki Kisen Kaisha, Ltd. holds a 95% equity share, for financing the offshore support vessel business. The two loans, worth 96 million euro and 4.3 billion yen, respectively, were cofinanced with private financial institutions. These loans finance K LINE OFFSHORE AS for owning and operating the most-advanced, largest-class anchor-handling tug supply vessels (AHTS)*1 and large platform supply vessels (PSV).*2
Offshore support vessels are indispensable for supporting offshore oil / gas field development and production, and their demand is expected to grow as the depletion of inland oil and natural gas fields leads to deepwater and offshore development of oil and natural gas resources.
This loan is expected to maintain and strengthen the international competitiveness of Japanese marine resource industries through acquiring and improving technologies, management practices and know-how on the operation and management of offshore support vessels.
- *1AHTS: An offshore support vessel primarily used for towing and anchoring oil production rigs as well as transporting their personnel and supplies to them.
- *2PSV: An offshore support vessel primarily for transporting supplies and fuel to oil drilling rigs as well as water and food to their personnel.