June 01, 2023
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL, along with its logistics group companies in Hong Kong, has been selected as the first overseas company to be a partner of the e-Smart Port Platform Prototype Project (Note 1), a Hong Kong government initiative to develop Hong Kong's logistics functions and port community integrative platform. On May 30 in Hong Kong, MOL signed a memorandum of understanding (MoU) with the Logistics and Supply Chain MultiTech R&D Centre (LSCM), a Hong Kong government-subsidized technology research organization implementing this project.
MOL Group has set out to develop and expand new non-shipping businesses (Note 2), including logistics, in both the portfolio and regional strategies of the "BLUE ACTION 2035" management plan. The group companies are developing their businesses to meet the various logistics needs of customers, and in this project, the following group companies will provide information on actual logistics conditions and other data in Hong Kong to LSCM under the supervision of MOL. The project aims to study and enhance the operational efficiency of the logistics industry in Hong Kong by leveraging the MOL Group's comprehensive strengths, which were highly evaluated as a partner.
[Participating Group Companies]
|MOL Logistics (H.K.) Limited||Comprehensive sea, land, and air forwarding business|
|MOL Consolidation Service Limited||Purchase Order (PO) management, consolidation (Note 3)|
|MOL Worldwide Logistics, Limited||Non Vessel Operating Common Carrier (NVOCC) sea freight|
All of the group companies are united to contribute to the growth of the logistics industry in Hong Kong through this project, and aim to offer more convenient logistics services to customers.
(Note 1) The e-Smart Port Platform Prototype Project, promoted by the Hong Kong government, aims to improve Hong Kong's function as an international trade and logistics hub. It is also a major project that will be linked to China's "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan," which is expected to show further growth in the future.
(Note 2) The MOL Group also participates in the first Floating Storage and Regasification Unit (FSRU) project in Hong Kong as one of its non-shipping businesses in the region.
(Note 3) Consolidation is a cost-effective logistics service that increases the visibility of the logistics status of each customer's purchase order, arranging loading of containers in accordance with customer's convenience such as urgency level, and maximizing vanning efficiency.
MOL Group 5 Sustainability Issues
MOL Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed as priorities through its business.
We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-", and "Innovation -Innovation for development in marine technology-".