Japan-based Mitsui OSK Lines (MOL) has announced that its joint venture company in the Philippines, Magsaysay Mitsui OSK Marine, has reorganised its ship management division and established a new ship management company called MAGMOL Ship Management Inc.
An opening ceremony was held in Manila on December 7 with MOL President Ashida in attendance.
The Philippines is the main seafarer supply nation for the world's merchant fleet.
