Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size, is in the midst of a transformation. In addition to the construction of the MOL Drybulk , which will house all of MOL’s smaller bulk carriers early next financial year on April 1.
MOL is turning its focus to offshore wind energy as it is implementing a series of restructuring measures, with the aim of establishing a Wind Energy Business Division.
Takeshi Hashimoto will become president and CEO of MOL on April 1, and current incumbent Junichiro Ikeda will become chairman.
Japan’s big three shipping lines, which include Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line), as well as MOL, have made moves in the offshore wind sector in recent months.
Thus joining the group of shipping companies that have progressively joined the implementation of the exploitation and commercialization of the offshore wind sector, in order to establish a significant reduction in greenhouse gas emissions by the vessels that are actively carrying out their respective operations.