MOL Financial Highlights Latest Quarter 2012

Press Release
Tuesday, July 31, 2012

Mitsui O.S.K. Lines (MOL) records a loss in its recent quarterly financial report.

MOL recorded a loss in its business performance over the first quarter, despite making an improvement in its bottom line compared with the same period of the previous fiscal year.

Difficult trading conditions were attributed to the sovereign debt crisis in southern Europe, only moderate economic growth in USA, and in China a weakened pace of growth.

On the other hand, In Japan, the automobile industry experienced strong domestic sales due to the government subsidy program for eco-friendly cars. In addition, exports were steady, particularly to the U.S., and expansion in restoration demand related to the Great East Japan Earthquake brought about a gentle tone of economic recovery.

Total assets for the quarter ended on June 30, 2012, amounted to 1,988.5 billion yen, an increase of 42.4 billion yen from the end of the previous fiscal year, due to the delivery of newly completed vessels to the MOL fleet.

 

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Finance

DryShips: Public Offering of Its Senior Secured Notes

DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

 
 
Maritime Careers / Shipboard Positions Maritime Security Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1419 sec (7 req/sec)