MOL Collaborates with CapitaLand to Develop Advanced Automated Warehouse in Singapore

MOL and CapitaLand Join Forces for OMEGA 1 Singapore

Mitsui O.S.K. Lines, Ltd. (MOL), based in Minato, Tokyo, is proud to announce its collaboration with one of Asia's largest real estate developers, CapitaLand Group, on an impressive advanced automated warehouse project named OMEGA 1 Singapore. This project represents a strategic investment in Southeast Asia's rapidly growing logistics sector.

The OMEGA 1 warehouse, which is part of the CapitaLand SEA Logistics Fund, is the third initiative by this fund and is set for completion in 2028. This project is aligned with MOL's corporate strategy, BLUE ACTION 2035, aimed at expanding its global presence and capitalizing on the expected demand surge driven by economic growth and population increase in Southeast Asia.

Located within the Jurong Industrial Estate in the western part of Singapore, OMEGA 1 boasts excellent access to major expressways and the state-of-the-art Tuas Megaport currently under development. This location is strategically beneficial for logistics and transportation, providing easy connectivity to the Malaysia-Singapore link.

OMEGA 1 will feature a five-story ramp-up warehouse with a cargo storage area featuring an impressive 40-meter high ceiling. The warehouse will integrate cutting-edge automation technologies, including automated load handling cranes, automated storage racks, and unmanned guided vehicles (UGVs), fostering efficient inventory management and seamless material handling. Furthermore, the project aims to achieve the Green Mark GoldPlus certification from the Building and Construction Authority of Singapore, reflecting MOL's commitment to reducing environmental impact.

Additionally, MOL has entered into a leasing agreement with Ally Logistic Property (ALP), the developer and partner of the OMEGA brand, for the entire facility. This strategic move not only highlights MOL's commitment to automated warehouse solutions but also showcases its dedication to leveraging sustainable building practices.

Project Overview

1. Location: Jurong Industrial Estate, Singapore (19 Gul Lane, Singapore 629414)
2. Structure: Five-story ramp-up design with temperature-controlled storage and 40-meter-high automated cargo holding area.
3. Scale: Total floor area of 71,000 square meters, capable of accommodating approximately 60,000 pallets.
4. Total Development Costs: Approximately 260 million Singapore dollars (around 31.2 billion yen).
5. Completion Date: Scheduled for 2028.

MOL continues to adapt its business portfolio strategically, investing even during challenges like the maritime recession. This endeavor is a key part of enhancing its logistics investments which focus on