Share this article
Recently, MOL and MOL Kinkai have decided to integrate their businesses and form a new company with MOL Kinkai as the surviving company. Credit: Philipp Sewing on Unsplash.

Mitsui OSK Lines (MOL) has unveiled plans to restructure its dry bulk business within the group.

According to the new policy, Mitsui O.S.K. Kinkai, MOL’s 100% owned subsidiary, MOL’s small-and-medium-sized bulker and wood chip carrier businesses will be integrated, along with the Panamax business.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The integration, however, will not include the services for steel manufacturers and domestic electric power corporations.

The company said that the reorganisation has been implemented due to the rapidly changing business environment.

Factors such as the changes in the world’s political and economic developments, structural variations in energy demand, the Covid-19 pandemic said to have impacted the company’s decision.

To face these changes, MOL announced its intention in their Management Plan Rolling Plan 2020 to mobilise resources of all of the group companies for growth and structural reform.

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

MOL and MOL Kinkai recently decided to integrate their businesses and form a new company with MOL Kinkai as the surviving company.

The new business entity will include a diverse range of ship types and sizes, ranging from 10,000dwt to 100,000dwt, bulk carriers, wood chip carriers and all-purpose vessels.

The new firm will also undertake more environmental initiatives such as GHG reduction, offering a one-stop service to customers, providing a variety of transportation solutions and more.

The name of MOL Kinkai will be changed in April 2021 and the businesses will be moved to the new firm in the following year.

Share