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MOL and Magsaysay form MAGMOL Ship Management

MOL and Magsaysay form MAGMOL Ship Management

Manila: Mitsui O.S.K. Lines (MOL) reports that its joint venture company in the Philippines, Magsaysay Mitsui O.S.K. Marine, has spun off its ship management division into a new ship management company called MAGMOL Ship Management.

An opening ceremony was held in Manila, where the new company is based, on December 7. Ms. Doris Ho, President & CEO of Magsaysay Maritime Corporation  and Chairman of MAGMOL Ship Management, and MOL President Akimitsu Ashida both attended the ceremony (pictured).

MOL says it will continue to work through both Magsaysay Mitsui O.S.K. Marine and MAGMOL Ship Mnagement to further its corporate goals of enhancing know-how in marine technology and ensuring safe operations.

Magsaysay Mitsui O.S.K. Marine is a  seafarer manning company in the Philippines, main seafarer supply nation for the world's merchant fleet, that was established in March 1997 as a joint venture between MOL and Manila-based Magsaysay Maritime Corporation.  [16/12/09]