MOL GROUP REORGANIZES INTRA-ASIAN BULKER OPERATIONS
Mitsui O.S.K. Lines Ltd. will reorganize two MOL Group companies that operate small handy-size bulkers in the Intra-Asia trade.
Navix Kinkai Ltd. will transfer its intra-Asia business operations to M.O. Seaways Ltd., which will be renamed Mitsui O.S.K. Kinkai Ltd., effective July 1.
Following the reorganization, Navix Kinkai Ltd. will focus on the Japanese coastal trade.
The reorganized fleet comprises 60 vessels with capacity of 4.5 million tons a year.