MOL Establishes Its Subsidiary MOL (Peru) S.A.C.

Liner Shipping and Trade, Logistics — By on April 25, 2012 at 12:48 PM

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company established a subsidiary, MOL (Peru) S.A.C., in Peru.

The country was chosen because it shows more stable growth than other South American nations. With the new subsidiary, MOL will consolidate its business structure and further expand north-south containership routes to further improve customer services.

Outline of New Company

Name: MOL (PERU) S.A.C. – Location : Lima (capital of Peru) Business start: May 2, 2012 – Paid-in capital: US$470, 000 – Shareholders: Wholly owned by MOL – Business : MOL liner shipping agency in Peru – Representative: Jean Pierre Thorin Brauer (General Manager) – No. of employees : 19

About MOL

MOL is one of the world’s largest multi-modal transport companies, operating 861 vessels and employing a workforce in excess of 9, 200 worldwide. MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services.  Please visit the company’s website at www.MOLpower.com.

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