Japanese OEM records a 48.8% increase in orders received by its Logistics Systems business as large RTG orders roll in.
Japan’s Mitsui E&S (Mitsui) has reported a 48.8% increase in sales through its Logistics Systems business unit for the nine months ending 31 December 2023. MES Logistics Systems includes its container crane and container terminal software products.
Orders received over the period came in at 58,729m yen (US$389m), up 48.4% year-on-year, while net sales increased 6.8% to 30,163m yen (US$200m).
Mitsui said the increase in orders was “mainly due to a series of large orders in Southeast Asia”, while net sales growth was supported by the “steady deliveries of cranes”.
Over the reporting period Mitsui booked a large order for 6 STS cranes and 24 RTGs from the Hateco Haiphong International Container Terminal in Vietnam.
After a large-scale corporate restructuring Mitsui is now a much leaner, more focused conglomerate.
It has withdrawn from shipbuilding, which was its founding business, and is focused on increasing its strength in marine engines and port cranes.
The company it is investing in developing automation, as well as hybrid and fuel cell options for its RTGs.
That focus is continuing to bring success. In 2024 Mitsui booked its largest ever order for RTGs with a contract for 48 E-RTGs from Tanjung Pelepas, followed by an order for 12 RTGs from Northport at Port Klang in Malaysia.
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