TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO:
Junichiro Ikeda) today announced that it invited customers and others related
to the shipping industry to receptions in Ho Chi Minh City and Hanoi, Vietnam,
on May 9 and 10, respectively. Also in attendance in Ho Chi Minh City were Mr.
Tran Khanh Hoang, Executive Vice President of Saigon Newport Corporation(*1)
and in Hanoi, His Excellency Hiroshi Fukada, Japanese Ambassador to Vietnam and
Mr. Bui Thien Thu, Deputy Administrator of Vietnam Maritime Administration.
About 350 guests, mainly representing MOL business partners in Vietnam, turned
out for the events.
In his opening address at the receptions, MOL President
& CEO Ikeda said MOL Group has high expectations for Vietnam's future
growth and that the group will continue to focus on improving its recognition
and brand power as a world leading multimodal corporate group in Vietnam. He
also expressed the group's determination to work beyond divisional boundaries
to meet customers' needs under the motto "One MOL".
The relationship between MOL and Vietnam date back to
1896, when the ARIAKE MARU, operated by Mitsui & Co., Ltd. Shipping
Department, one of MOL's predecessors, transported rice from Saigon to Kobe. In
the ensuing 120 years, the company has continued to develop its business in
Vietnam, centering on containership operations in recent years. In 2006, MOL
became the only Japanese shipping company authorized by the government to
establish a wholly owned subsidiary - Mitsui O.S.K. Lines (Vietnam) Ltd., (*2)
which this year celebrates its 10th anniversary. In the terminal business, MOL
invested in Cai Mep Port, which opened in 2001, and Lach Huyen Port, which is
slated to open in 2018. It its bulkship business, the company take a proactive
stance in transporting wood chips, coal, and steel from Vietnam. Other MOL
Group companies play vital roles in Vietnam's economy and generate synergies
within the group, including MOL Logistics (Vietnam) Inc., which was established
in 2005 and provides nationwide logistics services; Daibiru Corporation, which
provides office rental services at buildings in Ho Chi Minh City and Hanoi; and
Tan Cang-Cai Mep Towage Services Co., Ltd., which operates tugboats in the Cai
MOL, as a multimodal corporate group, works continually
to meet various customer needs and takes a proactive stance in promoting
economic development in Vietnam and around the world.
(*1) The largest state-owned enterprise for operating
container terminal in Vietnam
(*2) For the details,
please refer to the press release on July 20, 2006:
MOL to Establish
Wholly Owned Subsidiary in Vietnam