Daibiru to Participate in Logistics Real Property Development Project in Nagoya

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced today that its group company, Daibiru Corporation (President & CEO: Takashi Maruyama; Headquarters: Kita-ku, Osaka), is participating in a logistics real estate development project in Minato-ku, Nagoya. This initiative aligns with Daibiru’s domestic business strategy to diversify asset types as outlined in its medium- to long-term management plan, “BUILD NEXT,” targeting 2035. The project aims to create synergies within the MOL Group, which focuses on ocean transport and logistics.

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The development involves a state-of-the-art frozen warehouse designed to meet the growing demand for frozen storage driven by the 2030 Fluorocarbon Emissions Control Act and the rising sales of frozen foods due to demographic shifts in Japan, such as the increase in dual-income and single-person households. Advanced automation technology in the warehouse will optimize space use, enhance efficiency, and lower labor costs. For further details, please refer to the Daibiru press release.

Launched in fiscal year 2023, the MOL Group‘s “BLUE ACTION 2035” management plan emphasizes reforming the group’s business portfolio to include more non-shipping and stable-profit businesses. This strategy aims to mitigate the impact of shipping market volatility and ensure sustained profitability.