Danish bulker group J Lauritzen is putting money into the offshore wind shipping sector as it deepens its relationship with Singapore’s BW Group.
Lauritzen has taken a minority stake in BW and Swire Pacific-backed wind turbine installation vessel (WTIV) owner Cadeler, listed in Oslo.
Lauritzen, which owns Lauritzen Bulkers, has been reorganising itself as a maritime investment holding company this year under new chief executive Kristian Morch, who told TradeWinds the Cadeler investment is in its “sweet spot” range of between $10m and $20m.
