MOL Merges 6 Ship Management Companies To Strengthen Safety Across 200+ Vessels
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Jotaro Tamura, Headquarters: Minato-ku, Tokyo) announced that it has completed the integration of the MOL Group’s six ship management companies into MOL Global Ship Management Pte. Ltd. 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.
The MOL Group will further accelerate its initiatives to achieve “Leading in Safety,” as set forth in the “MOL Group Safety Vision-BLUE ACTION 2035 Phase 2”, while contributing to the realization of a sustainable society.
The six companies consolidated under MOLGSM are: (1) MOL LNG Ship Management Pte. Ltd. (Singapore, Hong Kong, India) (2) MOL SHIP MANAGEMENT (SINGAPORE) PTE. LTD. (Singapore) (3) MOL TANKSHIP MANAGEMENT PTE. LTD. (Singapore, London) (4) MOL LNG Transport Co., Ltd. (Japan) (5) MOL SHIP MANAGEMENT CO., LTD. (Japan) (6) MOL LNG TRANSPORT (EUROPE) LTD. (U.K.)
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