Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Jotaro Tamura, Headquarters: Minato-ku, Tokyo) today announced that it has completed the integration of the MOL Group’s six ship management companies (Note 1) into MOL Global Ship Management Pte. Ltd. (MOLGSM, Note 2). With this integration, MOLGSM will oversee the unified management of more than 200 vessels across the MOL Group, further strengthening the safety management framework.
MOL will accelerate the implementation of safety measures across all vessel types, promote a unified safety culture, facilitate knowledge sharing, and foster globally capable talent, by integrating the group’s six vessel management companies-which were previously organized by vessel type-into MOLGSM. The merger will also centralize safety and quality data and insights-which were previously dispersed across various locations-on a group-wide basis and enhance specialist capabilities across the organization, to respond to changes in the business environment, including geopolitical risks and increasingly stringent environmental regulations. In addition, MOLGSM will work to standardize and optimize operations through technologies such as AI and data analytics to enable rapid and advanced decision-making, while ensuring the safe implementation of new initiatives, including alternative-fuel vessels and other emerging technologies. (....)