Japanese shipping firm Mitsui O.S.K. Lines (MOL) has concluded a capital and business alliance agreement with liquid cargo logistics provider Nippon Concept Corporation (NCC).
Under the agreement, MOL plans to acquire 15% of NCC’s issued shares and the business alliance covers issues including the sharing of overseas networks and business networks, joint business and service operations, joint technology research and development, joint purchasing, proactive use of both companies’ services and personnel exchange.
The agreement gives NCC the opportunity to globally increase its name recognition and enhance its competitiveness by integrating MOL Group companies’ overseas networks with its existing networks and it will be an opportunity for MOL to expand business in liquid chemical product transport business.
