Based on Advanced ISHIN-III Technologies. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that it has ordered a new cape-size bulker that will adopt element technologies of the next-generation ISHIN-III vessel program to achieve high fuel efficiency. Universal Shipbuilding Corporation (President: Shinjiro Mishima) will construct the new ship, slated for completion in late 2014. MOL has repeatedly studied various technologies to realize the concept for the ISHIN-III series of next-generation vessels (large-scale iron ore carriers) announced in April 2010.