OREANDA-NEWS. June 06, 2012.  Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company established a subsidiary, MOL (Peru) S.A.C., in Peru. The country was chosen because it shows more stable growth than other South American nations. With the new subsidiary, MOL will consolidate its business structure and further expand north-south containership routes to further improve customer services.

<Outline of New Company>Name : MOL (PERU) S.A.C.
Location : Lima (capital of Peru)
Business start : May 2, 2012
Paid-in capital : USD 470,000
Shareholders : Wholly owned by MOL
Business : MOL liner shipping agency in Peru
Representative : Jean Pierre Thorin Brauer (General Manager)
No. of employees :  19