Mitsui OSK Lines (MOL) and Höegh Autoliners have set up a 50-50 joint venture in Europe, integrating the existing European short sea and logistics activities of both companies and of Euro Marine Carrier.
The new company, named Euro Marine Logistics (EML), based in Belgium, is a common carrier and started trading in the second week of June. From the third quarter 2011, EML will operate 13 vessels in European waters, putting it among the top three vehicle short sea operators in Europe.
EML has a short sea fleet including small (750 cars), medium (1,500 cars) and large (>3,000 cars) vessels with the support and the backup of the parent companies' deep sea services when using common ports or routes. EML already operates a service network encompassing the Mediterranean, continental Europe, the UK and the Baltic.
