NYK to invest in Northern Offshore Group AB
N-O-G operates over 60 CTVs in the global offshore wind industry.
Nippon Yusen Kabushiki Kaisha (NYK Line) announces its investment in Northern Offshore Group (N-O-G), a market-leading crew transfer vessel (CTV) operator.
For almost 20 years, N-O-G has been a pioneer and continues to set operational and environmental standards for the industry. NYK and N-O-G have had an operational and technical collaboration since 2019, and N-O-G became an NYK Group company when a majority of its shares were acquired by NYK.
Through this investment, N-O-G will be able to leverage NYK’s global network, enabling further technical development and growth. NYK will, in turn, gain important operational experience in preparation for the anticipated future expansion of offshore wind in waters closer to Japan. David Kristensson, N-O-G’s CEO, has NYK’s full confidence and support and will continue to lead the company. Carl-Johan Hagman, NYK executive officer and NYK Group Europe region head, is now chairman of N-O-G’s board of directors.
David Kristensson commented, “We are excited to expand our collaboration with NYK. We have worked together for a long time and have the same values and vision for the future, which is very important to us. NYK is a key player in the global maritime industry, and together, we can significantly increase our global presence and further improve our services for our customers.”
Carl-Johan Hagman emphasized, “For several years, NYK and N-O-G have had a close partnership that has very naturally evolved into this co-ownership. N-O-G will continue to operate as an independent entity, retaining its ‘Donsö-spirit’, but will have the ability to draw on the global resources of the wider NYK Group. NYK and N-O-G share a total commitment to the highest operational quality standards as well as the ambition to pioneer marine technical solutions that will deliver the lowest environmental emissions in the industry, reaching zero emissions by 2050. With great excitement, we now look forward to co-creating the future of the offshore wind industry with our customers and other pioneers.”
