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MOL sets up logistics business in Hong Kong

Mitsui OSK Lines (MOL) has established MOL Worldwide Logistics Ltd (MWL) in Hong Kong to lead the MOL Group’s non vessel operating common carrier (NVOCC) business.

MOL executive officer Michael Goh has been appointed ceo and MWL has been making various preparations including permission of acquisition from relevant authorities, aiming to launch business operations on October 1.

Goh was appointed executive officer and deputy director general in MOL’s Product Transport Business Unit on April 1, 2018.

As the MOL Group NVOCC headquarters, MWL will manage the NVOCC business of MOL Logistics (Japan) and Hong Kong-based MOL Consolidation Service, by negotiating freight rates with shipping lines through integrating the cargo volume of both companies, and handling marketing, network operation, and response to global customers. With a network of 360 offices in 61 countries, it aims to increase container cargo volume from a current 350,000 teu to 550,000 teu within three years.

Read More: BSM managing two of the world's largest containerships for Misui OSK Lines

MOL had previously announced that under the new company, MLG and MCS will be sharing a single cloud-based freight forwarding system to control and manage all aspects of shipments from origins to destinations. Also MOL Worldwide Logistics will aggressively expand with further enhancement and differentiation of its services using ICT technologies such as Robotic Process Automation (RPA) that can streamline routine data input tasks, improve data accuracy and boost labor efficiency and reduce cost, and real time cargo tracking by mobile using GPS devices placed in containers.

The MOL Group will continue to strengthen its logistics business to better service its customers and enhance its NVOCC business to meet customers’ diverse needs for general cargo transport with top-quality services.

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