MOL to Merge 3 Group Companies to Form a Technical Hub that puts Maritime Industry on Path to Achieve Decarbonization

Mitsui O.S.K. Lines, Ltd. (MOL), led by President & CEO Takeshi Hashimoto, has announced plans to merge three of its group subsidiaries focused on maritime technology and engineering, effective April 1, 2025. The subsidiaries involved in the absorption merger are MOL Marine & Engineering Co., Ltd. (MOLMEC), headed by President and CEO Kazuhiko Kikuchi; MOL Ocean Expert Co., Ltd. (MOLOX), led by President Shingo Takiguchi; and MOL Ship Tech Inc. (MOLST), under President Yuji Anada. MOLMEC will be the surviving entity in this merger, and the official name of the newly formed company will be revealed in March 2025.

The newly formed company will function as a professional technical group, providing comprehensive services that encompass maritime and new shipbuilding consulting, maritime human resources training, crew support, and operational support and maintenance. The company will emphasize the integration of digital technology to enhance MOL's expanding businesses, particularly in the wind power generation sector, which is a significant focus for investment and growth. With its diverse range of services, the new entity aims to contribute to the development of a carbon-neutral maritime industry.