Tokyo-based shipping firm Mitsui OSK Lines (MOL) is to create a new offshore wind division from 1 April 2021.
President and chief executive Junichiro Ikeda announced the move as part of a wider restructuring of the organisation.
MOL s Wind Power Energy Business Division will specialise in offshore wind and related operations.
It will also be tasked with expanding and accelerating MOL s current activities in this area.
Last April, MOL signed a contract with Orsted through its Ta San Shang Marine JV with Taiwan s Ta Tong Marine Group.
The agreement was to supply the first Taiwan-flagged service operation vessel (
pictured) for the Danish developer s 900MW Greater Changhua 1&2a offshore wind farms.
MOL has decided to establish ‘MOL PLUS’ as Corporate Venture Capital Fund
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that it determined to establish its wholly-owned Corporate Venture Capital Fund (CVC) firm called MOL PLUS (Representative: Takuya Sakamoto; Headquarters: Minato-ku, Tokyo).
MOL PLUS will make a broad range of investments, mainly in early and middle-stage startup companies around the world, that can reform ocean shipping business models and create new businesses from mid-to-long-term viewpoints.
These investments will be centered on domains that can reform business models in ocean transport and logistics, and other domains relating to the MOL Group’s future, such as offshore, environment, ferries, and cruise ships businesses. MOL PLUS aims to generate synergetic effects by combining innovative ideas and technologies from startup companies with MOL Group resources to create new businesses that will PLUS new value to the oc
MOL, NYK to increase focus on sustainability in 2021 January 6, 2021, by Naida Hakirevic
Sustainability will be a central topic in 2021 for Japanese shipping majors Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).
2020 was clearly a difficult year during which the COVID-19 pandemic took over the world. Many businesses slowed down investments in green projects due to coronavirus-related challenges.
However, this does not mean that measures to return to a growth trajectory have been suspended, according to MOL.
In 2021, the two companies intend to focus more on sustainability goals that would support both their businesses and the environment.
Home / Shipping News / International Shipping News / MOL Honors Officers and Engineers at ‘MOL Presidential Awards 2020’ – Recognizing Ongoing Contributions to Safe Operation and Developing the Next Generation
MOL Honors Officers and Engineers at ‘MOL Presidential Awards 2020’ – Recognizing Ongoing Contributions to Safe Operation and Developing the Next Generation
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) yesterday announced that the company held an online presentation ceremony for the “MOL Presidential Awards for Officers and Engineers 2020” on December 9.
The awards are intended to honor the ongoing safety-related contributions of MOL Group officers and engineers and recognize their key roles, in cooperation with fellow seafarers and ship management companies, in ensuring the safe operation of vessels. The recipients share a commitment to the education and training of younger seafarers, have an exemplary attitude in their onboard work, and
MOL reports Measures to prevent reoccurrence based on possible causes of the Wakashio Grounding Incident
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) yesterday announced that it has formulated measures to prevent a reoccurrence of the incident involving the bulk carrier Wakashio, chartered by MOL from a subsidiary of Nagashiki Shipping Co., Ltd. (the Shipowner), which ran aground off the island of Mauritius on Saturday, July 25, and leaked bunker oil on Thursday, August 6.
In developing the measures to prevent reoccurrence, because the investigation and survey by local authorities are still in process, MOL reviewed its past initiatives on safe operation based on probable causes, from the beginning-not only from the aspect of the vessel, the front line of safe operation, but other aspects including MOL’s shoreside support system and management systems of shipowners and ship management companies. And in taking these measures, MOL continually works to establish