MOL (America) Inc. and Montship, Inc. jointly announced that their liner agent agreement will expire on July 31, 2013. Accordingly, effective August 1, 2013, Mitsui O.S.K. Lines, Ltd. will begin operating in Canada as MOL (Canada) Inc.

Montship has successfully represented MOL’s Canadian liner services for over 53 years and both MOL and Montship are pleased with the long-standing partnership. “Montship has been a fantastic partner for MOL for a long time and we have had an extremely satisfying relationship,” said Tsuyoshi Yoshida, President and Chief Executive Officer, MOL (America) Inc. “We are thankful for their professionalism, hard work, and dedication in assisting our liner business in the Canadian market. It is because of this tremendous support that MOL’s services have evolved to the point where we are able to further expand our own operations to meet growing demand in Canada.”

“Representing MOL in Canada for the past 53 years has been a great honour and a high privilege,” said Brian McDonald, Chairman and Chief Executive Officer, Montship, Inc. “MOL has always been focused on customer service, and its commitment to the Canadian market has been unwavering. We are proud to have contributed to its success, and wish them the very best going forward.”

All other agent agreements between MOL’s non-liner divisions and Montship will continue without interruption. MOL will maintain its four existing weekly liner services to/from Vancouver and will start Asia/Halifax service from June 17. Further details regarding MOL (Canada) Inc. will be communicated in the near future.

Mitsui O.S.K. Lines, Ltd. has the world’s largest ocean shipping fleet. MOL operates specialized bulk carriers for iron ore, coal, and woodchips; tankers that transport crude oil and LNG; car carriers; cruise ships; ferries and coastal liners; and containerships that deliver a variety of finished products as part of the largest and most diverse global network of liner and logistics services.