By Eva Richardson – The Logistic News
March 21, 2025 – In a major industry development, Fred Olsen Ocean, a leading player in maritime logistics, has sold its 50% stake in German deck carrier operator United Wind Logistics (UWL) to United Heavy Lift, a subsidiary of United Group. The transaction, valued at €48.5 million ($52.6 million), is set to be finalized by the end of April 2025, marking a strategic realignment in offshore wind transport logistics.
As part of the deal, Fred Olsen Ocean’s divestment will generate total gross proceeds of approximately €51.2 million, which includes the repayment of shareholder loans. The move signals a shift in the company’s investment strategy while strengthening United Heavy Lift’s position in the offshore wind logistics sector.
A Strategic Exit from Offshore Wind Transport
Fred Olsen Ocean originally acquired its 50% stake in UWL in 2019 for €12 million, aiming to expand its footprint in the offshore wind service industry. Over the past six years, United Wind Logistics has emerged as a key player, operating a fleet of three deck carriers specialized in the transportation of offshore wind components.
With the offshore wind industry experiencing unprecedented growth, Fred Olsen Ocean’s exit reflects a strategic shift in asset allocation, potentially opening the door to new investments in other maritime or energy-related ventures.
United Heavy Lift Strengthens Market Position
For United Heavy Lift, this acquisition represents a major expansion in its fleet and capabilities. Already a dominant force in the heavy-lift shipping industry, the company operates more than 20 modern multipurpose heavy-lift vessels.
By integrating United Wind Logistics into its operations, United Heavy Lift is reinforcing its specialized transport solutions for wind turbine components, foundations, and infrastructure, a critical segment of the growing renewable energy industry.
Offshore Wind Energy Logistics: A Booming Market
The offshore wind sector has seen record-breaking investments, with major economies ramping up renewable energy commitments. According to industry analysts, the demand for specialized transport solutions—capable of handling oversized wind turbine blades, nacelles, and foundations—is projected to increase by over 30% in the next decade.
By acquiring UWL’s assets and expertise, United Heavy Lift is positioning itself as a key logistics provider for offshore wind projects, ensuring that major developers have access to efficient and reliable transportation solutions.
What’s Next for Fred Olsen Ocean?
Fred Olsen Ocean’s decision to sell its UWL stake raises speculation about its next strategic move. While the company remains active in maritime logistics and offshore services, this divestment could signal an intent to reallocate resources into emerging maritime sectors, such as:
- Green shipping technologies and low-emission vessel investments
- Expansion in offshore wind maintenance services
- Strengthening its presence in offshore oil and gas decommissioning
As the global shipping industry continues to evolve, companies like Fred Olsen Ocean and United Heavy Lift are actively reshaping their portfolios to capitalize on sustainable energy trends and next-generation logistics solutions.
Industry Impact: A Move That Reshapes the Offshore Wind Supply Chain
This high-profile transaction reinforces the growing importance of heavy-lift logistics in the renewable energy supply chain. As offshore wind farms scale up in size and complexity, the need for dedicated transport solutions will continue to drive strategic partnerships and acquisitions in the sector.
For more in-depth analysis on maritime logistics, offshore wind transportation, and global shipping developments, stay connected with The Logistic News.
Eva Richardson
Senior Journalist, The Logistic News
