MOL to Invest in a Leading French Ship Management Company to Expand its European Business

March 11, 2026

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) has acquired a 25% equity stake in V.Ships France SAS (VSF), a highly reputable ship management company headquartered in Nantes, France, through its subsidiary, MOL Euro Energie SAS.

VSF has an established track record since 2001 in the crewing and operational management of LPG tankers, LNG Bunkering Vessels, and other vessels, including the provision of French officers and crew.
For MOL's vessels, VSF is currently managing two MOL Bunkering vessels (Gas Vitality & Gas Agility operated in Rotterdam and Marseille) and MOL has gained a high reputation from European oil and gas major customers. Building on the existing relationship through the management of LNG Bunkering Vessels, MOL will newly appoint VSF as the ship manager for two LNG carriers to be delivered to INEOS in 2027. Through this additional mandate and equity participation, MOL intends to further deepen and strengthen its strategic partnership with VSF.

Through the investment in VSF, MOL will secure high-quality French speaking seafarers as one of another unique MOL resources, whilst also contributes to French maritime growth aspiration. VSF group's extensive expertise and experience will further bring significant benefits to MOL group's long-term growth.

By welcoming VSF-an experienced player in continental Europe and the French market-as a strategic partner into the MOL Group, and in combination with MOL Euro Energie SAS, a French shipping company established in 2025, MOL will further reinforce its regional strategy in continental Europe and accelerate the advancement of its decarbonization initiatives.

MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Environment -Conservation for Marine and global environment-."