Mitsui OSK Lines confident of investing in India despite global headwinds, says chief Jotaro Tamura

Tamura said India has great potential in green shipping and decarbonisation, adding that while the global decarbonisation market may have slowed in the short term, mid- to long-term prospects remain positive with India playing a role.

Tamura highlighted energy imports as an opportunity and said India’s growing economy would drive energy trade; he also noted MOL’s strength in automotive transport and India’s emergence as a vehicle export hub, with demand from customers in these segments to be pursued.

He stated that the company’s priority is to ensure the passage of its ships out of the Persian Gulf given the current geopolitical context.

Tamura noted that escalating tensions in West Asia and Tehran’s blocking of the Strait of Hormuz are affecting vessel movement globally, with higher oil prices and increased freight costs being reflected in shipping operations.

Mitsui O.S.K. Lines president and CEO Jotaro Tamura told The Hindu on Monday that the company's momentum to invest in India has not changed, reaffirming long-term confidence in the Indian economy and opportunities.