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MOL SETS UP OWN AGENCY COMPANY IN SRI LANKA

MOL SETS UP OWN AGENCY COMPANY IN SRI LANKA

   Mitsui O.S.K. Lines has set up Mitsui O.S.K. Lines Lanka (Private) Ltd. in Colombo, Sri Lanka, a joint venture company that will assume all agency operations in the South Asian country.

   Mitsui O.S.K. Lines Lanka 's activities include sales, documentation, vessel husbanding, equipment control and feeder and inland arrangements in Sri Lanka.

      The shareholders of the joint venture are Mitsui O.S.K. Lines (Asia) Ltd. (40 percent share), McLarens Holding Ltd. (35 percent) and Dilrukshan Tillekeratne, managing director of the company (25 percent).