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.
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