Akastor is acquiring Mitsui's 25% stake in AKOFS Offshore for $22.5 million, raising ownership to 75%.

Norwegian firm Akastor is acquiring Mitsui's 25% stake in AKOFS Offshore for $22.5 million, increasing its ownership to 75%. Mitsui O.S.K. Lines will keep a 25% share. The deal, which includes Mitsui's financial interests, is expected to finalize in early Q1 2025, pending regulatory approvals. Akastor's CEO highlighted the favorable market conditions for this investment and expressed appreciation for Mitsui's partnership since 2018.