MOL consolidates six ship managers into Singapore unit

It will oversee 200 vessels across the group.

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has completed the integration of the group’s six ship management companies into MOL Global Ship Management Pte. Ltd. (MOLGSM).

Headquartered in Singapore, MOLGSM will oversee the unified management of more than 200 vessels across the MOL Group, further strengthening its safety management framework.

It will accelerate the implementation of safety measures across all vessel types, promote a unified safety culture, facilitate knowledge sharing, and foster globally capable talent.

MOLGSM will also centralise safety and quality data and insights on a group-wide basis and enhance specialist capabilities across the organisation.

This is aimed at responding to changes in the business environment, including geopolitical risks and increasingly stringent environmental regulations.

MOLGSM will also standardise and optimise operations through technologies such as artificial intelligence and data analytics to enable rapid and advanced decision-making.

This will be done alongside ensuring the safe implementation of new initiatives, including alternative-fuel vessels and other emerging technologies.

“The MOL Group will further accelerate its initiatives to achieve ‘Leading in Safety,’ as set forth in the ‘MOL Group Safety Vision-BLUE ACTION 2035 Phase 2’, whilst contributing to the realization of a sustainable society,” MOL said.