MOL Stresses Rules-Based Order to Manage Geopolitical Risk

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Mfame Editor
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Mitsui O.S.K. Lines, Ltd. (MOL) played a high-profile role as the only Japanese shipping company to sponsor LISW2025 and participate in an official session hosted by the IMO. Their focus was on geopolitical risk management, international cooperation, and seafarer training for the decarbonization transition.

MOL-hosted Networking Reception

MOL hosted a reception on September 15 for over 100 industry guests. President & CEO Hashimoto and Managing Executive Officer Suryan Wirya-Simunovic discussed the MOL Group’s business development and its strategic focus areas, particularly in Europe and Africa, including the U.K.

Driving Prosperity 

Held on September 17, this session addressed the challenges of global trade interdependence and geopolitical risks.

  • Key Issues: The panel discussed industry challenges, including regulation, security, digitalization, decarbonization, and seafarer well-being.
  • MOL’s Stance: President Hashimoto emphasized the necessity of international cooperation and a rules-based order to navigate the current environment, which he noted presents both “unprecedented challenges and business opportunities.”
  • Action Highlight: He shared that the MOL Group is deploying personnel to key political hubs for information gathering, allowing for agile responses to the evolving trade landscape. He also stressed the need to improve onboard infrastructure to enhance seafarer attractiveness.

A New Training Framework 

Also on September 17, this session centered on the human resource development critical for achieving the industry’s net-zero goal.

  • Focus: The discussion covered seafarer training for vessels powered by alternative fuels such as ammonia, methanol, and hydrogen.
  • MOL’s Stance: President Hashimoto delivered the opening speech and participated in the panel, advocating that “Globally unified crew training standards are essential” for the widespread adoption of alternative fuel vessels.
  • Commitment: He stated that under the MOL Group’s 2050 net-zero target, they will expand their global network of training centers and proprietary educational programs to cultivate personnel capable of handling LNG, ammonia, and methanol.

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Source: MOL