MOL to Restructure Organization

Chart: Mitsui O.S.K. Lines

By Aiswarya Lakshmi

The Japanese shipping company Mitsui O.S.K. Lines,
Ltd (MOL) will restructure its organization effective April 1,
says a press statement from the company.

MOL is establishing the Product Transport Business Unit, under
which much of the carrier and port divisions will reside. It has
also submitted an application to establish a logistics subsidiary
in India.

The company will establish the Product Transport Business Unit to
create the cross-sectional system "One MOL" to promote businesses
in the product transport field and further meet customer needs.

The company will establish the One MOL Business Strategy
Execution Office in the Corporate Planning Division as an
organization that engages in division/area cross-sectional
business promotion, based on global business strategies and
strategic initiatives, that uses Business Intelligence (BI) in an
integrated fashion.

In addition, it will abolish the Research Office, and transfer
its function to the One MOL Business Strategy Execution Office
and other business divisions.

The company will establish the Bunker Business Office as an
independent office within the Energy Transport Business Unit. It
will be an organization that purchases and prepares bunker oil
and lubricant, establishes mid- and long-term policies to procure

The company will transfer the group that is responsible for LNG
carrier projects in Russia and China, to the LNG Carrier
Division, and restructure the Offshore & LNG Project Division
to be an organization that engages in intensive efforts to expand
offshore business. Accordingly, the Offshore & LNG Project
Division will be renamed as the Offshore Project Division.

Feb 24, 2017

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