Tokyo: Speaking on the occasion of Mitsui O.S.K. Lines’ (MOL) 129th anniversary today, the president of the Japanese line, Koichi Muto, was fulsome in his praise of business in Singapore.
In January 2013, MOL transferred its dry bulkers to Singapore, a place Muto described as “a key hub of customers and information”.
“The move to Singapore has restored cost competitiveness to the dry bulker fleet, which had been operating at a loss, laying a strong foundation for restoring profitability,” Muto said.
Looking ahead, the MOL boss added: “We will accelerate business expansion from our hub in Singapore through business reforms designed to capture growth primarily in emerging markets.” [01/04/13]
