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MOL / Mitsui-OSK Lines

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  #1 (permalink)  
Old 04-03-2016, 01:17 AM
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Default MOL / Mitsui-OSK Lines

Hi everyone,

Just wanna ask anyone working in there?

How is the working culture and bonus like for this company. Additional information would be great.

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Old 04-03-2016, 09:36 AM
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Quote:
Originally Posted by Lost Soul View Post
Hi everyone,

Just wanna ask anyone working in there?

How is the working culture and bonus like for this company. Additional information would be great.
Culture is typical jap comapny, bureaucratic, regimental and rank based. Bonus used to be quite good can hit up to 9 months, now you will be lucky to get 5.

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Old 04-03-2016, 10:04 AM
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Jap Company.

Shipping has not been profitable for years!
5 months bonus? LOL!!!! The internets sure have the strangest people around.

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Old 04-03-2016, 10:42 PM
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lol shipping industry esp. container and bulk are sh*t right now due to oversupply problem; likely to be in this state for a few more years

hell no way 5 months bonus, plus I never heard of shipping companies giving 9 months bonus at the industry peak (pre-crisis 2008), so a lot of rubbish here
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Old 06-03-2016, 10:55 AM
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I guess the climb up the ladder will be long and tedious. Given its an operations role, what are the progress like in there?

Im not sure how true this is, but my friend in a dutch mnc offshore firm got 4 months bonus last year (quite shocking).
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Old 06-03-2016, 11:21 AM
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Originally Posted by Lost Soul View Post
I guess the climb up the ladder will be long and tedious. Given its an operations role, what are the progress like in there?

Im not sure how true this is, but my friend in a dutch mnc offshore firm got 4 months bonus last year (quite shocking).
Some companies such as Norden and TORM have structured programmes, around 2-2.5 years in different departments to give a holistic understanding about shipping. Some programmes say that you have a choice b/w chartering or operations and also the type of trade (container or bulk for example), but more often than not it depends on the vacancies and the current state of diff sectors. I know one guy who was a trainee in TORM and was supposed to join the dry bulk department, but TORM let go of its dry bulk business so he went to tanker.

For operations work is pretty mundane and things you do are repetitive and I won't say progression is very attractive. Usually it takes 4-6 years to get promoted to operations manager or team leader, but also depends on your performance and your colleagues as well. I know of someone who stagnate in the same position after his trainee for 8 years. I'm not sure about MOL having a structured programme though and but I do know someone working in another Japanese company 'k' line. His side of story is that the company is biased towards Japanese. That's what he said though.

Tbh I'm quite surprised about offshore sector giving 4 month bonus, given the current state right now.
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Old 06-03-2016, 07:21 PM
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I know of a few firms in the shipping industry still paying 4-6 months bonus. Cannot just generalise that just because this industry not profitable then all cannot pay bonus. Bonus depend on many things, it is not profit sharing which is directly tied to profit.
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