Mitsui O.S.K. Lines (Singapore) Pte Ltd., an agency company previously structured a 50-50 joint venture, will become a wholly owned subsidiary of MOL. MOL said that the equity restructuring is in line with its policy to fully own agency offices in key market sectors when allowed under local regulations.
M.O. Air International (Singapore) Pte Ltd., a logistics firm formerly 51-percent owned by MOL Logistics (Japan) Co., Ltd. and 49-percent owned by Singapore Shipping, will similarly be restructured and become a wholly owned subsidiary of the MOL group.
In addition, M.O. Air International (Singapore) will be renamed “MOL Logistics” and form part of the MOL's global logistics network.
Conversely, Singapore Shipping will increase its equity in Cougar Holdings Pte Ltd., another logistics joint venture, from the current 50 percent to 65 percent, with MOL holding the remaining 35 percent.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now