MOL Strengthens Ties with China’s Baosteel

Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced an agreement with China’s Baosteel Group Corporation to further strengthen the companies’ cooperative relationship. The agreement was reached at an October 13 meeting between MOL President Ashida and Baosteel President He Wenbo at Baosteel headquarters in Shanghai.

MOL presented a model of the 300,000-ton iron ore carrier Baosteel Elaboration (*) to Baosteel as well.

“In the process of consolidation with other steel mills in China, Baosteel may gradually increase iron ore imports in the future, and transport needs may continue to grow,” Baosteel said.

At the same time, President Ashida told Baosteel, “We emphasize a long-term relationship, and pledge to provide a reliable, economically efficient fleet.”

(*) Baosteel Elaboration
Completed in June 2009 at Universal Shipbuilding Corporation Ariake Shipyard.
Since then on long-term contract to Baosteel.

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MOL is one of the world’s largest multi-modal transport companies, operating 861 vessels and employing a workforce in excess of 9,200 worldwide. MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services. Please visit the company’s website at www.MOLpower.com.

Toby Anderson
PR Manager
Image Line Communications Ltd.
(t) + 44 (0) 20 7689 9009
(f) + 44 (0) 207 689 8008
(e) toby@imageline.co.uk
www.imageline.co.uk
1A Zetland House, 5 - 25 Scrutton Street, London EC2A 4HJ

This release was published on openPR.