Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinchiro Ikeda) today announced plans to establish two new business units — the Dry Bulk Business Unit and the Energy Transport Business Unit and restructure its dry bulk business divisions — effective April 1, 2016. The restructuring will not affect the company’s disclosure of financial results by segment.
1. MOL will restructure the dry bulk business divisions and establish the Dry Bulker Business Unit to most effectively implement business structural reforms to optimize the fleet portfolio and make more efficient use of management resources.
In addition, the company will establish the Energy Transport Business Unit as an organization that manages business divisions by ship type, to precisely meet diversified customer needs in energy-related industries. Each business unit will deepen its ties within the organization as “One MOL” under the direction of the unit senior executives to enhance business performance and
cost competitiveness, while proposing and providing optimal transport services to customers.