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Wednesday, September 30, 2020 

Tokyo-based Mitsui OSK Lines (MOL), as part of its organisational restructuring plan, is to establish a new Offshore Technical Division.

The new division is intended to strengthen MOL's offshore business, which the company is positioning as a business field to concentrate allocation of management resources, under its 'Rolling Plan 2020' strategy.

The new division will be united with the business division under the 'One MOL' approach, as a technical group specialising in the offshore business, unbound by conventional ideas of ocean transport, and offer customers various innovative solutions based on technical specialities. In addition, the new division aims to build stress-free relationships with customers to create and propose beneficial technical innovations, while moving ahead with projects driven by views and voices of customers.

The new division was established on the back of the offshore business, which is a technology-driven field, showing significant day-by-day technological innovations that will carry the business and the business model forward. MOL has broadly and proactively developed its offshore business, starting from petroleum (FPSO), subsea support vessel operation, LNG (FSRU), FSU, to Powerships, and Renewable energy-related projects for offshore wind power generation, SOVs, etc.

MOL considers that the establishment of the Offshore Technical Division enables it to gain a competitive advantage by further accumulating and developing human resources and know-how, which will contribute to worldwide economic growth and global environmental protection.

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