MOL to Start Independent LR1 Product Tanker Operation

Wednesday, March 12, 2008

Mitsui O.S.K. Lines, Ltd. announced that it will begin independently marketing and chartering seven Large Range 1 (LR1)1 product tankers in the world market starting in June.
MOL has participated in "The LR1 Pool2" 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.
"The LR1 Pool," managed by LR1 Management K/S, entrusts MOL with marketing and chartering for Japanese and South Korean customers. This will terminate effective March 28, with closing of the business in , prior to withdrawal from the pool.
MOL will start marketing and chartering service in the worldwide market through the MOL Tokyo office, Mitsui O.S.K. Bulk Shipping (Asia Oceania) Pte. Ltd., Singapore office, and Mitsui O.S.K. Bulk Shipping (Europe) Ltd, London office, to flexibly meet expanding and diversifying needs of customers around the world.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

FMT Orders Another Towboat from Eastern Shipbuilding

Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised another additional 90’x32’x10’ “Canal

ClassNK Completes Work on KOTC Vessel

ClassNK announced that it has completed work on the 31,445GT Product Tanker MUTRIBA, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series of vessels

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Vessels

Bright Outlook for BWM Convention

The Danish Maritime Authority informed that the Ballast Water Management Convention is now one step closer to ratification following last week’s meeting of United

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

FMT Orders Another Towboat from Eastern Shipbuilding

Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised another additional 90’x32’x10’ “Canal

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0759 sec (13 req/sec)