MOL Establishes Its Subsidiary MOL (PERU)

PRLog (Press Release) - Apr. 25, 2012 - 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

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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.