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MES is implementing Mid-Term Business Plan 2014 (MBP14) to aim for the realization of a balanced business portfolio that ensures sustainable growth and solid profit stability. One of the core basic policies of MBP14 is the expansion of business engagement and related-service businesses. As part of this strategy, we acquired shares of Cernambi Norte MV26 B.V.(*2), an FPSO chartering business company that operates in the Iracema Norte field of the pre-salt layer off the coast of Brazil, from MODEC, Inc. (MODEC, President: Toshiro Miyazaki; Headquarters: Chuo-ku, Tokyo). With this transaction, MES will engage in the chartering business. MES will continue to work toward business engagement and the expansion of related service businesses and aggressively invest in businesses conducting FPSO chartering. We will further enhance our cooperation with MODEC as we continue to focus on the Ocean Business Promotion Department. (*1) FPSO: Floating production, storage & offloading system vessels for marine oil and gas. (*2) Cernambi Norte MV26 B.V. company overview 
(MES) Mitsui Engineering & Shipbuilding Co. Ltd. press release |
