MOL to merge marine and engineering units

Japan’s Mitsui OSK Lines (MOL) has announced its plan to merge wholly owned subsidiaries MOL Marine and MOL Engineering. The merger is expected to be effective from April 1.

MOL Marine is mainly involved in the consultancy business related to port harbor facilities and marine traffic, as well as seafarer training. It also manages submarine cable-laying vessels. MOL Engineering’s specialty has been inspection and maintenance of marine equipment.

MOL believes the merger will positively affect the company’s offshore businesses and the autonomous shipping development.

“The dynamic positioning system that enables precise positioning of vessels under various marine conditions which MOL Marine has developed through submarine cable-laying, and the extensive engineering experience of MOL Engineering will be MOL Groups unique competency that will contribute to area’s such as floating LNG power generation and offshore wind power generation. The offshore technology will be concentrated in close cooperation with MOL and will evolve the merging companies to a further advantage both in safety and technology,” MOL said in a release.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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