MOL and Höegh Autoliners create Euro Marine Logistics to handle European short sea transportation of vehicles

News Release MOL (Europe) B.V. (European Head Office) August 5, 2011

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LONDON, 3 August 2011 –Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh
Autoliners AS (Oslo) have
set up a 50/50 joint venture in Europe, integrating the existing
European short sea and logistics
activities of both shareholders and of Euro Marine Carrier BV.
The new company, named Euro Marine Logistics NV
(EML), was
registered in March 2011 and has
its offices in Meise (Brussels), Belgium.
By consolidating the activities and knowledge of the companies
into a new entity, EML aims to
establish a first class European short sea company, delivering the
best possible services to all the
customers of the new company and its parent companies.
EML is a common carrier and started trading in the second week of
June. From the third quarter
2011, EML will operate 13 vessels in European waters, and will be
among the top three vehicle short
sea operators in Europe.
EML has a well-balanced short sea fleet including small (750
cars), medium (1500 cars) and large
(>3000 cars) vessels with the support and the backup of the
parent companies’ deep sea services
when using common ports or routes.
EML already operates an extensive service network in the
Mediterranean, Continental Europe, UK
and the Baltic.</DIV></BODY></HTML>