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MOL Goes Offshore, Technically

MOL President & CEO, Junichiro Ikeda today announced that it will restructure the organisation effective October 01.

MOL will establish the Offshore Technical Division to strengthen its offshore business, which the company positions as a business field to concentrate allocation of management resources, in the management plan “Rolling Plan 2020.”

The new division will be united with the business division under the “One MOL” approach, as a technical group specializing in the offshore business, unbound by conventional ideas of ocean transport, and offer customers various innovative solutions based on technical specialities. In addition, the new division aims to build stress-free relationships with customers to create and propose beneficial technical innovations, while moving ahead with projects driven by views and voices of customers.

The new division was established on the back of the offshore business, which is a technology-driven field, showing remarkable day-by-day technological innovations that will carry the business and the business model forward. MOL has broadly and proactively developed its offshore business, starting from petroleum FPSO, subsea support vessel operation, LNG (FSRU), FSU, to Powerships, Renewable energy-related (SEP Note 5 for offshore wind power generation), SOVs, and so on.

Establishment of the Offshore Technical Division enables MOL to gain a competitive advantage by further accumulating and developing human resources and know-how, and the
company will contribute to worldwide economic growth and global environmental protection.

Also announced today, MOL will appoint an Executive Officer in charge of Mauritius Environment and Social Contribution as a role to promote and supervise the implementation of measures based on the company’s long-term policies for environmental recovery and regional contribution in Mauritius.

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