MOL Announces Merger to Create New Technical Hub for Maritime Decarbonization Efforts

Mitsui O.S.K. Lines, Ltd. (MOL) has announced a merger of three of its group companies to establish a new technical hub focused on advancing decarbonization efforts in the maritime sector. The merger, effective April 1, 2025, will combine MOL Marine & Engineering Co., Ltd. (MOLMEC), MOL Ocean Expert Co., Ltd. (MOLOX), and MOL Ship Tech Inc. (MOLST), with MOLMEC as the surviving entity. This strategic move by MOL aims to enhance its sustainability commitment and align with global initiatives to reduce carbon emissions in the maritime industry. The new company will leverage digital technology to provide seamless services in maritime consultancy, shipbuilding, crew support, operational maintenance, and human resource training, with a specific focus on MOL’s expanding wind power production business.

The merger will streamline operations and drive innovation in maritime technology to support MOL’s goal of achieving carbon neutrality. As the merger involves wholly-owned subsidiaries, no new shares will be issued, and no financial exchange will occur. The newly formed company will commence operations on April 1, 2025, at MOL’s headquarters in Minato-ku, Tokyo, with the company’s name and leadership set to be announced in March 2025. MOL Marine & Engineering, established in 1988, currently specializes in maritime consultancy, cable-laying ship operations, and offshore wind power projects, among other technical training services. Post-merger, the company plans to enhance its contributions to decarbonization through advanced maritime engineering solutions.

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