MOL completes integration of dry bulk businesses under new company

Mitsui OSK Lines (MOL) has confirmed that wholly owned subsidiary Mitsui OSK Kinkai will be renamed MOL Drybulk following the recently completed integration of MOL’s small- and medium- sized bulk carrier, wood chip carrier, and Panamax businesses – excluding services for steel manufacturers and domestic electric power companies – under a single entity.

MOL expects that the integration will further improve its competitiveness in the dry bulk shipping market.

MOL Drybulk will be a unique entity operating a wide variety of vessel types ranging from 10,000DWT to 100,000DWT bulk carriers, wood chip carriers, and multi-purpose vessels. Prior to the structural integration in 2022, the “one-stop service” covering all of these vessel types will be available for MOL’s customers beginning in April 2021.