Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed the decision to merge three group subsidiaries responsible for maritime technology and engineering to form a technical hub that will aid the maritime industry on the decarbonization path.
Namely, MOL Marine & Engineering (MOLMEC), MOL Ocean Expert (MOLOX), and MOL Ship Tech (MOLST) will be merged to from the new company effective April 1, 2025.
As explained, MOL has proposed an absorption merger with MOLMEC as the surviving company. The official name of the new company will be announced in March 2025.
As a technical group, the new company will offer services such as maritime and new shipbuilding consulting, maritime human resources training, and crew support to operational support and maintenance.
While providing these services, the company will focus on the use of digital technology to support MOL’s businesses, including the wind power generation business, a key area targeted for investment and expansion.
“Through its wide-ranging lineup of services, the new company will contribute to the realization of a carbon-neutral maritime industry,” MOL said.
In other recent decarbonization endeavors, MOL, through its wholly-owned subsidiary MOL Clean Energy, announced plans to invest in U.S.-based e-fuels producer HIF Globalaiming to reduce carbon emissions by promoting the establishment of a ‘robust’ e-fuel and CO2 supply chain.