Mitsui, Hoegh Establish EML
Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV. The new company, named Euro Marine Logistics NV (EML), was registered in March 2011 and has its offices in Meise (Brussels), Belgium. EML is a common carrier and started trading in the second week of June. From the third quarter 2011, EML will operate 13 vessels in European waters, and will be among the top three vehicle short sea operators in Europe.