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MOL CEO Ikeda’s 2019 New Year Message

BSN Network / Mumbai
Date: 10/01/2019

President & CEO, MOL, Junichiro Ikeda addressed all its officers and employees in his “2019 New Year Message”. He shared some memorable moments, highlighted challenges from natural disasters to tough market conditions and steps taken to navigate choppy waters. We reproduce below his message.

I’d like to open this message by wishing everyone a peaceful year to come.

2019, the new year, also happens to be the last year of the Heisei period of the traditional Japanese calendar. First, I’d like to share with you some thoughts I had over the New Year’s holidays.

In hindsight, there were so many things that happened last year. For me, one of the most memorable moments was when the Secretary of Transportation of the Philippines praised MOL for opening a new maritime academy in the country by noting that “the maritime academy is a gift to the people of the Philippines.” MOL inaugurated the academ y for the primary purpose of recruiting and training talented seafarers. However, the opening of the academy carries greater significance for the Philippines. It will contribute to the development of the country as a whole by providing training opportunities to the Filipino people. I realized that was what the Secretary alluded to when he offered his remarks.

Recently, there have been a lot of steps taken to realize a sustainable society as well as to achieve the Sustainable Development Goals (SDGs). The international community is re-examining the fundamental purpose of companies in society. People are looking to companies to help solve serious social issues such as poverty, armed conflict, and climate change. Education is a critically important field that has a significant bearing on the future of a country. In the field of education, MOL is recruiting and training talented seafarers in tandem with contributing to the sustainable development of the Philippines. I had the following thought over the New Year’s holidays-I wanted to bring up this example for all of us to think about how we can better contribute to the sustainable development of society through our global shipping business.

2018 in Review

Last year, Japan suffered a string of major natural disasters, including earthquakes, typhoons and heavy rains. I’d like to express my heartfelt sympathies to the people and regions affected by those disasters and my hopes for the speediest possible recovery. The MOL Group’s shipping operations and infrastructure were also hit hard by those disasters. Let’s now turn to operating conditions in the marine transport market. In 2018, dry bulkers delivered a steady performance, while tankers remained under pressure until they staged a sharp recovery midway through the year. Overall, the market environment presented a mixed picture, as did various sectors. However, I believe that every business sector in the MOL Group demonstrated their core strengths to the fullest. This would not have been possible without the tireless efforts of the MOL Group’s executives and employees day in and day out. I’d like to once again express my deepest appreciation

for your dedication and hard work.

As I noted earlier, 2019 is the last year of the Heisei period in the traditional Japanese calendar. Looking back, the Heisei period was a tumultuous period for the marine shipping industry. The Heisei period began in 1989. 

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