The world’s second biggest ship owner by fleet size, Japan’s Mitsui OSK Lines (MOL), is exploring opportunities to build RORO Terminals, strengthen inland logistics services and build ships in the country.
President and CEO Jotaro Tamura said that MOL is ‘open and positive’ and with 13 ships sailing under the Indian flag, the company is presently the 4th biggest ship owner in India.
He added that the company needs to build confidence by understanding the needs of Indian yards and how it aligns with MOL’s interests in India.
Presently, MOL’s shipbuilding is concentrated in China, Japan and Korea and from a global viewpoint, it would be good to have another country to boost its shipbuilding capabilities.
He added that MOL would first need to understand the kind of ships which are suitable for the present stage of India’s shipbuilding sector.
He also urged Indian shipbuilding companies to move in the right direction.
Tamura also underlined that it is impractical to start with high-specification or specialised ships in India, as
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