MOL Hosts Party in Singapore

MarineLink.com
Tuesday, November 12, 2013

Attended by Some 350 Guests, Announces Commitment to Further Business Expansion.

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) hosted a party in Singapore on November 7 for customers, business partners, government officials and others. MOL emphasized the strategic importance of Singapore, and introduced group companies that operate businesses in the island nation.

The event, held at the Intercontinental Hotel Singapore, was attended by more than 350 guests including Singapore Transport Minister Lui Tuck Yew and Japanese Ambassador to Singapore Haruhisa Takeuchi, as well as MOL Group business partners and customers.

During his address, MOL President Koichi Muto expressed his appreciation to the Singapore government for its ongoing support of the ocean shipping industry, and thanked customers and others concerned for their understanding and support of MOL Group businesses.

Following President Muto’s address, Minister Lui expressed high expectations for the MOL Group’s continued success in global markets and further expansion of its business in Singapore.

The MOL Group set forth “enhancing business expansion in overseas markets” as a key objective of its Single-year Management Plan RISE 2013. In Singapore, the group has been expanding its tanker business, as more ocean shipping businesses have clustered there in recent years. Also, it started expanding dry bulker business and vessel operations in Singapore at the beginning of this year.

At present, 12 MOL Group companies, including the core company Mitsui O.S.K. Bulk Shipping (Asia Oceania), are based in Singapore, employing more than 500 people.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

News

Sunken Korea Ferry Relatives Give DNA Swabs To Help Identify Dead

Some relatives of the more than 200 children missing in a sunken South Korean ferry offered DNA swabs on Saturday to help identify the dead as the rescue turned

DNV's accredatation for Neosho Memorial

Neosho Memorial Regional Medical Center, Chanute, has completed a new accreditation process from Det Norske Veritas Healthcare. By earning accreditation, Neosho

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Logistics

Among 2014's Most Powerful & Influential Women: Karen Jones

Commercial transportation and supply chain management firm Ryder System Inc. say that their Chief Marketing Officer, Karen Jones, was named one of 2014’s Most Powerful

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3835 sec (3 req/sec)