Press Releases from MOL (28 total)
MOL Receives Green Flag Award and Vessel Speed Reduction Award from both Long Be …
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company has earned recognition from the ports of both Long Beach and Los Angeles, California, for its efforts to ensure compliance with standards that call for vessels to slow down within 40 nautical miles (nm) of the shore.
The Port of Long Beach introduced the Green Flag Program and Port of Los Angeles the Vessel Speed Reduction…
Magsaysay-MOL Receives Award of Excellence from Philippine Overseas Employment A …
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that its group seafarer manning company, Magsaysay MOL Marine, Inc. (*, Magsaysay-MOL) has received the Award of Excellence from the Philippine Overseas Employment Administration (POEA). Philippine President Benigno Simeon Aquino III attended the award ceremony, held on February 10 at Malacanang Place.
The award is given to the companies that earn high evaluations for expanding overseas employment opportunities for Filipino workers,…
MOL Wins Newbuilding Project from AMPCO
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that company has received a newbuilding charter contract for two methanol carriers from Atlantic Methanol Production Company LLC (AMPCO; President: Paul Moschell) based on an offer tendered in 2013. The vessels will be built at Minaminippon Shipbuilding Co., Ltd. (President: Kotaro Ikebe) and engaged in methanol transport for AMPCO.
The ships will operate under a long-term charter and the new…
1st 104,000DWT Class Post-Panamax Coal Carrier Akatsuki Delivered
Issue date : February 18, 2014
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the delivery of the Akatsuki, the first 104,000 DWT class Post-Panamax coal carrier, which was jointly developed with Sanoyas Shipbuilding Corporation (President: Takashi Ueda; Headquarters: Kita-ku, Osaka) and built at the Sanoyas Shipbuilding Mizushima Shipyard.
This new ship type was designed to optimize the transport of coal for power companies in Japan. MOL plans to add…
Myanmar MOL Limited. Successfully Obtained Official License and Registration
Tokyo, 14 February, 2013
Directorate of Investment and Company Administration (DICA) has approved the Permanent Business License of ‘Myanmar MOL Limited.’, a wholly-owned subsidiary of MOL Liner Ltd. on 4th February. MOL is one of the first companies in the Shipping industry that has set up its wholly owned subsidiary.
With over 100 years of MOL presence and continuous commitment in Myanmar, MOL has launched a direct feeder service linking…
MOL and Partners Join UN Job Creation Program to Boost Economy and Combat Piracy …
Tokyo—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced plans to collaborate, along with Shell, BP, Maersk, Stena, NYK and “K” Line with the United Nations Development Programme (UNDP) to support job creation and skill development projects in Somalia. The industry partners will provide funding of US$ 1 million to the UNDP, which will oversee distribution of the funds in 2013 and 2014.
This collaboration between leaders in…
G6 Alliance expands cooperation to Trans-Pacific trade
A year after the G6 Alliance was formed, creating one of the largest vessel networks in the Asia-to-Europe trade lane, the six member lines have agreed to expand their cooperation to the Asia-to-North America East Coast trade.
The G6 Alliance will deploy more than 50 ships in the Trans-Pacific trade calling at almost 30 ports in Asia, North America East Coast, Canada, Central America, Caribbean, Indian Sub-continent, Mediterranean and the Middle…
MOL Wins Approval of Installation for Packaged Container Ballast Water Treatment …
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company acquired approval in concept for installation of a packaged container ballast water treatment system that can fit in a vessel’s cargo hold(*). This is a joint technological development with Mitsubishi Heavy Industries, Ltd. (MHI; President Hideaki Omiya) and marks Japan’s first approval of such a system by Nippon Kaiji Kyokai (ClassNK). The new technology offers much faster…
MOL President Muto’s 2013 New Year Message
"Heaven Helps Those Who Help Themselves.”
I would like to take this opportunity to wish all MOL Group members a Happy New Year.
2013 is the Year of the Snake in the Japanese zodiac. The snake is supposed to bring good economic fortune as a symbol of wealth and prosperity. Since I was born in the year of the snake, I hope to bring in some of this good fortune. This year,…
MOL Receives EVO’s Top Award for Container Service
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company received the “Best Performing Container Liner Shipping Company” award sponsored by Eigen Verladers Organisatie (EVO) of the Netherlands.
The award was based on a joint assessment by EVO and Erasmus University Rotterdam in the Netherlands, evaluating containership companies on 21 items such as reliability of delivery times, the value and the transparency of prices charged, slot availability and…
MOL-operated Bulk Carrier Rescues 2 from Yacht adrift off Australia
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the MOL-operated bulk carrier Yahagi Maru rescued two sailors from the yacht Mehitable, which was adrift at sea approximately 350km off Brisbane, Australia.
On the morning of June 5 (local time), the Yagagi Maru, which was under way from Japan toward Newcastle, New South Wales, received an SOS from the Mehitable which was in distress about 40 miles away, they…
Asia Europe service not to be reinstated by G6 alliance
Members of the G6 Alliance announced today that they will maintain the current 6-loop product structure and not reinstate the planned Loop 2 Asia-Europe service. This loop was originally developed as one of the seven loops between Asia and North Europe jointly provided by the six members.
It was not initiated in March because of the unsuitable market conditions at that time and the G6 Alliance has not seen any…
MOL enhance Asia - South Africa service network
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announce the
upgrade of Asia-South Africa network with two of the following changes.
MOL will meet the customer needs by providing high-quality direct services and by providing variety of port coverage continuously.
1) MOL will join new Asia and South Africa Service (ASA)
Opening of the new route “ASA” linking Central and South China, Taiwan, South East Asia and South Africa starting on 8th…
225,000-dwt Iron Ore Carrier Tom Price Completed - Will Sail under long-term Con …
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the completion of the 225,000-ton iron ore carrier Tom Price at the Namura Shipbuilding Co., Ltd., Imari Shipyard & Works. The ship’s name is derived from the Tom Price mine in Western Australia’s Pilbara region, operated by Rio Tinto plc, one of the world’s largest mining companies.
Among those on hand for the naming and delivery ceremonies were Rio Tinto Executive…
MOL appoints new shipping agent in Romania and Ukraine
Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, is pleased to announce the appointment of a new shipping agent in Romania and Ukraine.
As of March 1st, Amity Shipping will manage all MOL liner agency activities in Romania and Ukraine.
The new agent’s full contact addresses are:
Romania:
Amity Shipping SRL
22 Delfinului street
3rd floor, suite 26
900389 Constanta
Romania
Ukraine:
Amity Shipping Ukraine Ltd.
Solnechnaya street, 5
Odessa, 65009
Ukraine
ends
MOL is one of the world’s largest…
MOL Names New 147,000m3-Type LNG Carrier Energy Navigator
LONDON, 13 June 2008 – Today, Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) held a naming ceremony for a new liquefied natural gas (LNG) carrier called the Energy Navigator. The ceremony took place at the Kawasaki Shipbuilding Co., Ltd. Sakaide Shipyard. Mitsunori Torihara, the President of Tokyo Gas Co., Ltd. had the privilege of naming the new vessel.
MOL and Tokyo LNG Tanker Co., Ltd. (wholly owned by…
MOL to Present Marine Simulator to International Maritime College Oman
LONDON, 29 April 2008 – Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced plans to donate an advanced marine simulators (*1) to Oman Government for the International Maritime College Oman (*2). On April 24, the company invited Minister of National Economy and Deputy Chairman of the Financial Affairs and Energy Resources Council in Oman, Ahmed Macki to a presentation ceremony at the Tokyo Head Office.
Oman has set a…
MOL Announces Revision of Dividend Payment
LONDON, 28 April 2008 – Mitsui O.S.K. Lines, Ltd. (the Company; President: Akimitsu Ashida) today announced a resolution on dividend payments from retained earnings, with a base date of March 31, 2008, at the Board of Directors meeting held on April 25, 2008.
1. Details of dividend
Resolved amount Latest forecast (Announced on Jan. 31, 2008) Year-end
dividend paid
For FY2006
(Ended Mar.2007)
Base date March 31, 2008 Same as left March 31, 2007
Dividend per share \\17.00 \\16.00 \\11.00
Total amount of dividends \\20,353 million ― \\13,156…
MOL Offers New West Mediterranean Service
LONDON, 9 April, 2008 – The New World Alliance (TNWA) carriers – APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) – and CMA CGM have announced a new joint West Mediterranean (MED) service starting from April 26th, 2008.
The new service offers shippers access and fast transit times to the growing Middle East and Mediterranean regions.
Eight vessels will be deployed on the service. TNWA will operate six vessels…
MOL Offers Two New Direct Shuttles, Servicing Asia and the US West Coast
LONDON, 8 April 2008 – Mitsui O.S.K. Lines, Ltd. (MOL; President Akimitsu Ashida) – today announced two new direct shuttle services linking China, Japan and Los Angeles on the US West Coast.
Beginning in mid-May, the current PS3 service will be divided into two services.
For Central China, where the market is experiencing significant growth, MOL will offer the PS3, a direct service between Ningbo, Shanghai and Los Angeles. …
MOL HITS HOMERUN – SCORES SERVICE PROVIDER OF THE YEAR AWARD
LONDON, 8 April 2008 – Limited Brands Logistics Services, the transportation arm of specialty retailer, Limited Brands, has named MOL its 2007 “Ocean Carrier Service Provider of the Year.”
This is the second year in a row that Limited Brands Logistics has honoured MOL with this distinguished award. The company's principal brands include Victoria's Secret, Pink (Victoria's Secret), La Senza, Bath & Body Works, C. O. Bigelow, The White Barn Candle…
MOL to Start Independent LR1 Product Tanker Operation
LONDON, 14 March 2008 – Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that, beginning in June 2008, it will begin independently marketing and chartering seven Large Range 1 (LR1)*1 product tankers in the world market.
MOL has participated in “The LR1 Pool*2” since December 2002, and entrusted the pool with operation of MOL’s LR1 product tankers. However, MOL decided to withdraw from the pool in June.…
MOL Announces the Start of a New Weekly Service: 2 Loops on Asia/Mexico-South Am …
LONDON, 14 March 2008 – Today, Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) announced the start of a new weekly service on two loops with “K” Line. Loop 1 will cover Mexico and Chile. Loop 2 will cover Mexico, Colombia, and Peru. The weekly joint service on the Asia/Mexico-South America West Coast route (CWL) will separate into two loops. This will greatly shorten the transport time…
MOL Launches New CM4, CM5 and CM6 Services for Asia-Middle East
LONDON, 11 March 2008 – Today, Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) announced the introduction of three new Asia-Middle East services. The new CM4, CM5 and CM6 services will be effective as of April 2008.
The new CM4 service will offer direct connections from main ports in South Korea, Taiwan, and South China to the U.A.E (Jebel Ali) and Pakistan (Karachi). The new CM5 service will offer…
MOODY'S RAISES MOL'S RATINGS TO A3
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that Moody\'s upgraded the company\'s senior unsecured and issuer ratings from Baa1 to A3.
Moody\'s cited the following points as its main reasons for the upgrade:
1.MOL has greatly reinforced profitability by increasing the efficiency of its ocean shipping business, in order to cope with unsteady freight rates, bunker prices, and foreign exchange rates in recent years. The company…
THE NEW WORLD ALLIANCE ANNOUNCES WINTER CAPACITY PROGRAMME
The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL)– today announced their winter capacity plans for the Transpacific trade.
In the face of an unprecedented rise in operating costs – particularly for fuel –the TNWA has made the prudent business decision to withdraw more capacity and earlier than in previous years.
In addition to an immediate winter reduction of around 10%, the TNWA will…
The New World Alliance Announces Major Capacity and Port Enhancements for Asia-E …
Singapore, Seoul, Tokyo, 9 November 2007 – The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) ¬¬- today announced their intention to significantly upgrade ship capacity and enhance the port coverage of a major Asia-Europe service offering.
In response to continued robust customer demand in the Asia-Europe trade, the Alliance will from January 2008 phase in eight ships with capacity ranging from…
MOL APPOINTS AGENTS FOR ROMANIA, UKRAINE AND MOLDOVA
5 November 2007. MOL today announced the appointment of agents in Romania, Ukraine and Moldova. Panta Rhei will represent MOL in all three countries and is charged with promoting the company’s liner business in these markets. The appointment is part of MOL’s ongoing strategy to expand coverage into the fast-growing South East European market.
Panta Rhei runs offices in Romania in the port of Constanza as well as Bucharest and operates…
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