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

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.

Source: EML