TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced that as of today, it completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. (President & CEO: Hirohiko Miyata; Headquarters: Chuo-ku, Tokyo), and along with the 10,162,300 shares already acquired in June 2023 (Note 2), MOL now holds a 15.00% stake in MODEC and will make it an equity-method affiliate.
MODEC is a leading company in the offshore oil and gas development . . .
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