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26 January 2020 The on-line newspaper devoted to the world of transports 16:22 GMT+1



December 24, 2019

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The Japanese MOL obtains the entire property of the company of Belgian navigation Marine Logistics Euro

Acquired 50% of the capital in the hands of the Höegh Autoliners

The shipowning group Japanese Mitsui O.S.K. Lines (MOL) has acquired the entire property of the company of Belgian navigation Euro Marine Logistics (EML) having bought remaining 50% of the capital of the society that was stopped by the Norwegian Höegh Autoliners. The EML is constituted in April 2011 by the two partner in order to realize marine services short sea for the transport of motors vehicle, machinery from construction and other cargos. It is in the 2017 that in the 2018 fleet of the Belgian company has transported about 1,3 million unit ro-ro.

Announcing the acquisition, MOL has specified that in future she previews to increase the synergies between the EML and own oceanic fleet of ships garage. The managing director of Höegh Autoliners, Thor Jørgen Guttormsen, has asserted that the cession will allow with the Norwegian company to focus on own Core business of the oceanic transport.



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