With the difficulties facing the global maritime industry, Japan’s Mitsui O.S.K. Lines (MOL) plans to further expand its logistics services through greater collaboration among its subsidiaries and incursions into emerging overseas markets, especially Southeast Asia.
“MOL has confidence in the future growth of the logistics business and positions it as a business domain that will yield stable profits,” the shipping and logistics company said.
“The MOL group is taking a more proactive stance in increasing investment, expanding investment businesses, and enhancing services, while building upon the advantages of its group companies,” it continued.
Its group companies have been instructed to work together by further sharing information, knowledge, technologies, and experience to focus on three key goals: win more plant projects, improve trucking and warehousing operations, and expand business in Southeast Asia.
This collaboration is also seen to yield cost savings for the company.
Under the strategy to capture a bigger Southeast Asia market, MOL Logistics (Japan) opened new subsidiaries in Cambodia and Indonesia in 2013, while Mitsui O.S.K. Lines (Thailand) opened a 6,500-square-meter warehouse in Laem Chabang, Thailand, also this year.
MOL Thailand is also currently constructing an 8,000-square-meter warehouse in the Bangna Trad area. With these warehouses, the total floor space of MOL-owned warehouses in Thailand will exceed 90,000 square meters.