Thursday, October 2, 2014

Mitsui OSK Merges Group Companies

By Mark Edward Nero

International shipping company Mitsui OSK Lines on Oct. 1 announced the merger of two subsidiaries, maritime consulting firm MOL Marine Consulting, Ltd. and ship management company MOL Cable Ship Ltd., effective immediately.

The new company, called MOL Marine Co. Ltd., will be based in Tokyo and is expected to continue to develop the businesses established by its two predecessors. According to MOL, the merger will integrate both companies’ expertise in marine technology and ship management.

Mitsui OSK, which is headquartered in Japan, now has more than a dozen subsidiaries, including the International Container Terminal in Tokyo, Trans Pacific Container Service (TraPac), which operates terminals at the Los Angeles and Oakland ports; and International Marine Transport Co., which manages seafarers.

At the same time it announced the merger, the company revealed improvements to one of its two bridge simulators. The simulator was upgraded with an enlarged screen that replicates the field of vision from the bridge as well as the addition of a Dynamic Positioning System (DPS).

MOL says the upgraded simulator, which mimics a vessel equipped with DPS, can simulate any situation and provide practical training in that situation.