Floating production giant Modec banks $110 million as new investor takes stake

Shipping company Mitsui OSK Lines reasons that it wants to boost its own offshore business

At the helm: Modec chief executive Takeshi Kanamori. — At the helm: Modec chief executive Takeshi Kanamori.Photo: MODEC

Russell Searancke

Oslo

Japan Modec Modec Mitsui & Co FPSO

Published 28 April 2023, 10:57Updated 3 May 2023, 13:49