Mitsui O.S.K. Lines’ (MOL) Product Transport Business has reported a standout performance for fiscal year 2024, with ordinary profit surpassing 300 billion JPY, driven by strong market conditions in both the containership and car carrier segments.
As part of its long-term strategy to build a stable and diversified revenue base, MOL is extending its footprint beyond traditional ocean transport into terminals, inland logistics, and chemical logistics. A major step in this direction came in June 2025 with the 100% acquisition of FCC and LBC, expanding its chemical tanker fleet to 114 vessels and positioning the company to emerge as a global leader in chemical logistics.
The company is also accelerating regional co-creation and investments in next-generation terminals to align with rapidly evolving global trade flows. Reinforcing its green transition, MOL has deployed 14 LNG-fueled car carriers, catering to rising automotive trade, particularly from India and Africa.
“We aim to become the global leader in the chemical logistics business,” said Norio Abe, Director General of the Headquarters of Product Transport Business. He emphasized MOL’s commitment to “building new businesses in collaboration with a wide range of partners,” reflecting the company’s broader shift toward asset diversification and ecosystem partnerships.
Looking ahead to Phase 2 of BLUE ACTION 2035, MOL plans to further strengthen the resilience of businesses exposed to market volatility while expanding its portfolio of stable-income and non-shipping assets, reinforcing its role as a long-term value creator in the global logistics landscape.
