Japan's MOL has announced a further reorganisation of its operating divisions as it tries to increase efficiency.

It said the move to create a product transport business unit is part of its One MOL plan.

MOL had already split dry cargoships into the dry bulk business unit and tankers, offshore and LNG vessels into the energy transport business unit last April.

Now it revealed car carriers, containerships, ports and logistics will join the new product transport arm.

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