Subsidiary Acquisition of Euro Marine Logistics N.V. (EML)
December 24, 2019
Mitsui O.S.K lines Ltd, (MOL), on 20th December 2019 acquired an additional 50% share of EML previously held by Hoegh Autoliners A.S (HOEGH), making EML a 100% subsidiary company of MOL.
EML was established in April, 2011 to provide an onward built service network covering the entire European Short Sea area, and has provided Ocean transportation services for Vehicles, Construction Machinery, and Non Self-Propelled Cargos.
In 2017 and 2018, EML carried nearly 1.3million units. This reflects EMLs growth to become one of the major short sea operators in this particular field.
For the future, MOL seeks further synergy between EML and their own Car Carrier Business (deep Sea), to enhance EML's commercial activity and accomplish a more flexible, wider service network to meet customer requirements.