TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today
announced that MOL Ferry Co., Ltd. and Kyushu Kyuko Ferry Co., Ltd. have
agreed to merge effective June 1, 2007 under the name MOL Ferry Co., Ltd.,
with the goal of continuing business growth.
MOL Ferry and Kyushu Kyuko Ferry offer roll-on/roll-off (RO/RO) service
between Kanto and Kyushu. The merger aims to improve sales capabilities,
cost competitiveness, and customer satisfaction on these routes while also
contributing to the government's modal shift program.
Profile of new company
| Name |
:MOL Ferry Co., Ltd. |
| Headquarters |
:1-1-1 Shinbashi, Minato-ku, Tokyo |
| Paid-in-capital |
:1,440 million yen |
| Directors |
:Chairman Seiji Nakamura
President Yutaka Okamoto |
| Number of employees |
:289 |
| Main business |
: Main business: Ferry service between Oarai and Tomakomai
(two arrivals and departures per day)
RO/RO service between Tokyo and Hakata
(one arrival and departure per day)
RO/RO service between Yokosuka (Oppama), Omaezaki, Kanda, and Oita
(four arrivals and departures per week) |
|
Profiles of current companies
| Company name |
MOL Ferry Co., Ltd. |
Kyushu Kyuko Ferry Co., Ltd |
| Foundation date |
March 12, 2001 |
August 23, 1974 |
| Paid-in capital |
600 million yen |
840 million yen |
| Headquarters |
1-1-1 Shinbashi, Minato-ku, Tokyo |
2-2-8 Shintomi, Chuo-ku, Tokyo |
| Ownership |
Wholly owned by MOL |
MOL ownership 92% |
| Revenues(FY2005) |
About 15.2 billion yen |
About 5.1 billion yen |
| President |
Seiji Nakamura |
Yutaka Okamoto |
| Number of employees |
215 |
74 |
|
|
