Japanese company Mitsui OSK Lines (MOL) has purchased the Netherlands-based seafarer manning services provider Azalea Maritime for an undisclosed sum.

MOL has changed Azalea Maritime’s name to MOL Maritime (Europe) following the acquisition.

The newly re-branded company is expected to support the safety of MOL’s operations.

"The company is anticipated to use its experience in the European seafaring sector and knowledge in the manning business when serving its customers."

MOL Maritime (Europe) also intends to improve the stable supply of high-quality seafarers for liquefied natural gas (LNG) carriers and tankers.

The company is anticipated to use its experience in the European seafaring sector and knowledge in the manning business when serving its customers.

Azalea Maritime primarily focuses on the provision of officers and crew members for various types of vessels, including partial manning services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Additionally, Japan’s Minaminippon Shipbuilding and its shareholders Mitsui Engineering & Shipbuilding and MOL have reached an initial agreement to divest Minaminippon’s shares to Imabari Shipbuilding, as part of a separate development.

The arrangement is expected to become effective on 1 April.

The signatories of the agreement are expected hold further negotiations before closing the deal.

Imabari Shipbuilding is primarily engaged in the construction and repair of various types of ship.

The company operates three business offices and nine shipyards in Japan’s Seto Inland Sea region, building more than 90 vessels annually.

Imabari Shipbuilding also offers a variety of production services ranging from market research to construction, and aims to provide appropriate solutions for its customers.