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2008 Speakers

Paul Carlton

President, Mitsui O.S.K. Bulk Shipping (USA) Inc.

MOL, Ltd. (Mitsui O.S.K. Lines), listed on the Tokyo Stock Exchange, is one of the world’s premier, global, multi-modal shipping companies. MOL operates over 805 vessels, constituting the largest and most diverse commercial fl eet in service today. A leader in many marine transport sectors, MOL’s balanced business portfolio is fundamental to its on-going fi nancial stability and includes a fleet of dry bulkers, LNG, tankers, car carriers, containerships, passenger ships and ferries, as well as interests in logistics, real estate and others.

Mr. Paul Carlton became president of Mitsui O.S.K. Bulk Shipping (USA), a subsidiary of MOL, Ltd., in July 2001, bringing to MOL over 18 years experience with Wilh. Wilhelmsen associated companies where he held various positions of increasing responsibility in the United States and Asia. As President of MOL’s regional bulk activities, Mr. Carlton is responsible for the development and operational integrity of the company’s non-container vessel activities in the western hemisphere.

The MOL Groups’ “Safety, Growth, Global, Group, and Governance” strategy is designed to increase the company’s global competitiveness while maintaining profi tability. By staying abreast of the trends in all business sectors, MOL can expand services in viable markets ahead of demand. Over the past 20 years, outsourcing has fueled ocean trade growth at an average annual rate of 2.5 times that of population growth. This trend is expected to continue over the next several decades, creating jobs, consumers, and increased cargo volumes in many newly industrialized markets.

MOL’s car carrier division is positioned to capitalize on the expansion of manufacturing to more cost competitive locations. Though Japan and Korea still control 70% of completed vehicle exports, emerging markets in the Americas, Africa, and Eastern Europe continue to strengthen. Mr. Carlton’s 22 years of experience in the Pacifi c Rim, gave him an in-depth knowledge of the economies and logistics operations of the region. As president of Wilh. Wilhelmsen Far East Region, Mr. Carlton was responsible for the strategic development in Asia and a member of the company’s senior management team. Subsequently, as Executive Vice President Wallenius Wilhelmsen Lines Asia Region, he was in charge of all commercial activities in 12 Asian countries before returning to the United States.

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