Mitsui O.S.K. Lines, Ltd. (MOL) is participating in Commonwealth Kokubu Logistics Pte. Ltd. (CKL), Singapore's largest food cold chain logistics company, which operates one of Asia's largest warehouses, "8 Jalan Besut", in which the MOL Group invested in 2024.

Under its management plan "BLUE ACTION 2035," the MOL Group is promoting a regional strategy to strengthen its presence in global markets and achieve business growth.

Through this investment, MOL said it will further expand its logistics business in Southeast Asia—where economic development and population growth are expected to drive increasing demand— such as cold chain business.

CKL operates two integrated multi-temperature warehouses in the Jurong area of Singapore, including the logistics facility at 8 Jalan Besut. The company provides logistics services such as storage and distribution for foodservice operators and retail businesses within Singapore.

By leveraging IT systems, CKL has achieved high-density, energy-efficient warehousing with 24-hour warehouse operations and delivers high-quality logistics services including last-mile distribution.

Looking ahead, CKL plans to expand its business into other Southeast Asian countries, based on the solid foundation it has established in Singapore’s food cold chain logistics sector.

MOL said a signing ceremony to commemorate the partnership was heldon  December 9.

MOL group is advancing a transformation of its business portfolio to ensure profitability even during downturn in the shipping market.

"By participating in logistics operations based in Singapore, we aim to expand our logistics business, which is expected to generate stable earnings," it said.