MOL new venture to target decarbonisation

Effective from 1 April 2025, the new company, whose name is yet to be announced, will encompass MOL Marine & Engineering, MOL Ocean Expert and MOL Ship Tech.

The proposal is an absorption merger, with MOL Marine & Engineering as the surviving company. Since this is a merger between wholly owned subsidiaries of the MOL Group, no new shares will be issued and no funds will be exchanged as a result of the merger. MOL will hold all shares in the new venture.

MOL envisages that the new company will operate as a professional technical group, offering seamless services ranging from maritime and new shipbuilding consulting, maritime human resources training, and crew support to operational support and maintenance.

In all of these fields, the company will focus on the use of digital technology to support MOL’s growing businesses, including the wind power generation business, a key area targeted for investment and expansion.