how mol shows strength as part of "3j " merger
TRANSCRIPT
HOW MOL SHOWS STRENGTH AS PART OF "3J " MERGER
JOIN THE CONVERSATION ON TWITTER
@XENETA_AS
ABOUTXENETA
At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.
With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution
WE ARE TRANSFORMING GLOBAL LOGISTICS
ARE YOU PAYING THE RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS POTENTIAL IN REAL
TIME.
CONTACT US.
THE DELIVERY OF THE 20,150 TEU MOL
TRIUMPH, THE FIRST ULTRA-LARGE
CONTAINER SHIP TO BREAK THE 20,000 TEU
BARRIER IS ONE OF FOUR 20,150 TEU
VESSELS SHIPBUILDER SHI IS BUILDING FOR
MOL.
NIPPON YUSEN KAISHA (NYK), MITSUI OSK LINES (MOL) AND K LINE HAVE JUST COMPLETED THE FIRST STEP IN THE APPROVAL OF THEIR ACQUISITION. WHEN FINALLY FULLY APPROVED, THE NEW JOINT VENTURE WOULD OPERATE THE WORLD’S SIXTH LARGEST CONTAINER FLEET, WITH ABOUT 7% OF GLOBAL CAPACITY.
MOL'S TRIUMPH MEGA SHIP, THE WORLD'S LARGEST CONTAINER SHIP,
JUST MADE ITS DEBUT AND WILL OPERATE ON THE ALLIANCE’S ASIA
TO EUROPE TRADE VIA THE FE2 SERVICE.
THE DELIVERY OF THE 20,150 TEU MOL
TRIUMPH, THE FIRST ULTRA-LARGE
CONTAINER SHIP TO BREAK THE 20,000 TEU
BARRIER IS ONE OF FOUR 20,150 TEU
VESSELS SHIPBUILDER SHI IS BUILDING FOR
MOL.
TAKING DELIVERY OF THESE MEGA SHIPS WILL FURTHER WEIGH ON A MARKET TRYING TO RIGHT-SIZE ITSELF FROM OVERCAPACITY ISSUES.
WE ARE WEARY THAT INTRODUCING ADDITIONAL CAPACITY MAY DEPRESS RATES AND HAVE A NEGATIVE FINANCIAL IMPACT ON MOL’S CONTAINER BUSINESS AND PERHAPS FOR THE UPCOMING JOINT VENTURE. AS ALWAYS, IT IS TOO SOON TO TELL IN SUCH AN UNPREDICTABLE MARKET.
THE DELIVERY OF THE 20,150 TEU MOL
TRIUMPH, THE FIRST ULTRA-LARGE
CONTAINER SHIP TO BREAK THE 20,000 TEU
BARRIER IS ONE OF FOUR 20,150 TEU
VESSELS SHIPBUILDER SHI IS BUILDING FOR
MOL.
OCEAN FREIGHT RATES ARE INCREASING. FIND OUT HOW TO STAY AHEAD OF THE MARKET.
DOWNLOADOUR WEBINAR
MOL RESTRUCTURES
EFFECTIVE APRIL 1, MOL’S NEW ORGANIZATIONAL STRUCTURE
WILL INCLUDE:
THE DELIVERY OF THE 20,150 TEU MOL
TRIUMPH, THE FIRST ULTRA-LARGE
CONTAINER SHIP TO BREAK THE 20,000 TEU
BARRIER IS ONE OF FOUR 20,150 TEU
VESSELS SHIPBUILDER SHI IS BUILDING FOR
MOL.
THE PRODUCT TRANSPORT BUSINESS UNIT IN WHICH MOST OF THE CARRIER AND PORT DIVISIONS WILL RESIDE.
A BUNKER BUSINESS OFFICE THAT WILL PURCHASE AND PREPARE BUNKER OIL AND LUBRICANT, ESTABLISH MID-AND LONG-TERM POLICIES TO PROCURE FUELS AND ACCELERATE INITIATIVES CONCERNING VESSELS WITH ENGINES THAT USE ALTERNATIVE FUEL SUCH AS LNG.
ESTABLISHMENT OF A NEW BUSINESS CREATION DIVISION WHICH WILL RESEARCH AND DEVELOP NEW BUSINESS INITIATIVES THAT ARE NOT EXTENSIONS OF CONVENTIONAL BUSINESS.
THE OFFSHORE & LNG PROJECT DIVISION WILL BE RENAMED THE OFFSHORE PROJECT DIVISION AND WILL ENGAGES IN EFFORTS TO EXPAND THE OFFSHORE BUSINESS.
EYES ON INDIA
IN ADDITION, THE ORGANIZATION APPEARS TO BE LOOKING TOWARDS INDIA AS A BIG OPPORTUNITY. MOL SUBMITTED AN APPLICATION TO THE INDIAN GOVERNMENT TO ESTABLISH A SUBSIDIARY IN THE COUNTRY.
IF APPROVED, THE SUBSIDIARY WILL TAKE OVER THE LOGISTICS BUSINESS FROM MITSUI O.S. K. LINES (INDIA) PVT. LTD., EFFECTIVE APRIL 3, AND WOULD OPERATE IN DELHI, MUMBAI, CHENNAI, AHMADABAD, BANGALORE AND PUNE.
MOL STATED THAT THE NEW SUBSIDIARY WILL PROVIDE AIR AND OCEAN TRANSPORT, CROSS-BORDER TRANSPORT WITH NEIGHBORING COUNTRIES, DOMESTIC TRANSPORTATION, WAREHOUSING, CUSTOMS CLEARANCE AND PLANT AND PROJECT CARGO TRANSPORT SERVICES.
RELATEDREADING:
HOW TO GAIN TRANSPARENCY INTO OCEAN FREIGHT RATES
CLICK TOREAD
PROJECT CARGO
IN ADDITION TO REORGANIZATION EFFORTS AS WELL AS EXPANSION PLANS IN INDIA, MOL PLANS TO EXPAND ITS PROJECT AND HEAVY CARGO ACTIVITIES IN ASIA AND EUROPE TO “ENHANCE ITS INITIATIVES ON INTER MODAL TRANSPORT SERVICES FOR PLANT AND HEAVYWEIGHT CARGOES”, ACCORDING TO THE COMPANY.
DIVERSIFICATION IS A SMART MOVE IN THAT WILL PROVIDE NOT ONLY NEW OPPORTUNITIES, BUT CROSS-SELLING OF SERVICES. THIS IN TURN WILL LESSEN MOL’S EXPOSURE TO THE STILL STRUGGLING CONTAINER MARKET.