Marine Link
Saturday, September 24, 2022

MOL Group Introduces New Management Plan

Maritime Activity Reports, Inc.

March 31, 2014

  • Overall Strategies
  • Profit Targets/Financial Targets
  • Overall Strategies Overall Strategies
  • Profit Targets/Financial Targets Profit Targets/Financial Targets

Mitsui O.S.K. Lines, Ltd. (MOL) announced a new three-year midterm management plan that will take effect in April 2014, called "Steer for 2020".


MOL Group has been carrying out all plans in single-year plan "Rise 2013" with goals of restoring profitability and laying a strong foundation to return to a growth trajectory. Recognizing that the group is well on its way to achieving those objectives, it envisioned what the MOL Group should look like in 2020, set the course to arrive there, and incorporated it into a three-year plan called "Steer For  2020".


MOL explained, 'to steer' means to take the helm of a ship and direct its course toward a specific destination. The MOL Group said it intends to cut the rudder and steer straight on a course of high-quality, solid growth towards 2020, which is why the group chose that particular name for its plan. A summary of MOL's new midterm management plan follows.

 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week