On December 16, Mitsui O.S.K. Lines (MOL) announced that it has invested in Commonwealth Kokubu Logistics (CKL), Singapore's largest food cold chain logistics company and operator of "8 Jalan Besut," one of Asia's largest warehouses, in which the MOL Group invested in 2024. A signing ceremony was held on December 9 at the Kokubu Group headquarters building to commemorate the partnership.
<Scenes from the signing ceremony>
CKL was established in 2018 with investment from Singapore's Commonwealth Capital (CCPL) and the Kokubu Group. With the participation of Mitsui O.S.K. Lines, the shareholder structure is now CCPL 51%, Kokubu Group 34%, and Mitsui O.S.K. Lines 15%.
<8 Jalan Besut, one of Asia's largest warehouses>
CKL operates two multi-temperature warehouse facilities located in the Jurong district of western Singapore, including 8 Jalan Besut, providing storage and distribution services to food service businesses and retailers within Singapore. Leveraging IT systems for high-density, efficient 24-hour warehouse operations, CKL offers high-quality logistics services, including delivery. Moving forward, CKL plans to expand its business into Southeast Asian countries, using the foundation it has built in Singapore's food cold chain logistics operations as a springboard.
The Mitsui O.S.K. Lines Group is transforming its business portfolio to ensure profitability even during shipping downturns, and is expanding its logistics business, which is expected to generate stable revenue, by participating in warehousing and operations businesses based in Singapore.
