MOL, Brookfield Reach Deal on Strategic Alliance

Mitsui O.S.K. Lines, Ltd. and Brookfield Asset Management Inc. have agreed to form a strategic alliance aimed at enhancing and expanding MOL’s container terminal business.

As the first step of the alliance with Brookfield, MOL will transfer a partial stake in MOL subsidiary International Transportation Inc. (ITI) to a Brookfield-operated fund. ITI is a holding company of TraPac L.L.C (TraPac), which operates container terminals in the U.S. ports of Los Angeles and Oakland. With this step, ITI and TraPac will be positioned as core companies of the MOL-Brookfield strategic alliance.

The alliance with Brookfield will consolidate the foundation for the future growth of MOL’s container terminal business. It will organically connect TraPac’s expertise in top-level terminal operation with Brookfield’s knowledge of the infrastructure business in North/South America, Australia, and Europe. MOL will take full advantage of this strategic alliance to expand its terminal operation business at key ports worldwide, which will in turn ensure higher quality, more reliable containership service.

MOL, January 17, 2014; Image: Port of Los Angeles

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >