TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced the establishment of a new subsidiary Mitsui O.S.K. Lines (New Zealand) Pty Ltd., effective August 1.
Since MOL started direct services between Japan and New Zealand in 1959, the company has developed a range of ocean shipping businesses with Seatrans NZ Ltd. as its exclusive shipping agency in New Zealand. However, MOL decided to establish a wholly owned exclusive agency to promote its expansion strategy and ensure stable operations of containerships, car carriers and bulkers.
The new company will expand MOL's global network and increase business under the control of Mitsui O.S.K. Lines (Australia) Pty Ltd., which covers Oceania and the South Pacific.
For further information, please contact:
Emi Akaike
Manager
Administration Group, Liner Division
Mitsui O.S.K. Lines, Ltd.
Tel: 81-3-3587-7131
Fax: 81-3-3587-7728
E-mail: ladmo@mail.mol.co.jp