MOL to support innovation at Smart Port Challenge

Mitsui O.S.K. Lines’ (MOL) Singapore office will join the PIER71™ Smart Port Challenge 2025 as an innovation partner for the first time.

For the first time, Mitsui O.S.K. Lines’ regional office, MOL (Asia Oceania) Pte. Ltd. (MOLAO), will join as an Innovation Partner.

The company will work with startups and MOL PLUS Co., Ltd. (MOL PLUS) to address shipping industry challenges.

READ: MOL acquires 72 per cent share of Swiss shipping company

MOLAO will offer industry expertise, support proof-of-concept (PoC) trials, and leverage its Asia-Oceania network to foster innovation.

MOL PLUS, joining for the fifth year, will serve as an Investment Partner, backing startups and supporting growth in ocean shipping and logistics, key areas in MOL’s innovation strategy.

In January, MOL signed a Memorandum of Understanding (MoU) with Madoqua Renewables Holding Lda (Madoqua) and other global leaders to develop a green corridor connecting Portugal to Northern Europe.

One month later, MOL and the Kansai Electric Power Company (KEPCO) signed another MoU to collaborate on a carbon removal credit project.