Golar FSRU Wins LNG Croatia Project
State-owned LNG Croatia has selected Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, to deliver a floating storage and regasification unit (FSRU) for the nation's first liquefied natural gas import facility.Golar Power was picked from three bidders, including Mitsui O.S.K. Lines and Maran Gas Maritime Inc, LNG Croatia, the company behind the project, LNG Croatia said in a statement."After reviewing and evaluating the bids, the committee for opening…
MOL Turns 50 in Thailand
Mitsui O.S.K. Lines (MOL) celebrated the 50th anniversary for the establishment of Mitsui O.S.K. Lines (Thailand).On November 13, it held a party in Bangkok for customers, business partners, and others, marking the event and the centennial anniversary for the opening of liner service to and from Thailand by its predecessor, Osaka Shosen.Around 500 guests attended the event including Arkhom Termpittayapaisith, Minister of Transport, and Shiro Sadoshima, Japanese Ambassador to Thailand.
Ice-breaking Tanker Heads for Russia to Load Yamal LNG
A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia's fast-expanding Yamal facility.The Georgiy Brusilov left South Korea's Daewoo Shipbuilding and Marine Engineering shipyard at the weekend and is due at Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows.It is the eighth ARC7-class LNG carrier, which are longer than the Titanic, to join the Yamal fleet operated by Teekay, Mitsui OSK Lines and Dynagas, with another seven expected.The vessels have enabled Yamal's operator Novatek to ramp up production since its first LNG cargo at the end of last year…
MOL Launches "FOCUS" Project
Mitsui O.S.K. Lines (MOL) announced that it has joined forces with Mitsui E&S Shipbuilding and Weathernews to launch the Fleet Optimal Control Unified System (FOCUS), a project that will gather and apply ship operation data to ensure safer, more environmentally friendly ocean transport.With information and communication technology (ICT) such as IoT and Big Data rapidly expanding, and new possibilities opening up for ICT applications aboard vessels, on shore, and in between, the…
MOL Plans to Install Voyage Information Display System Using AR Technology
Mitsui O.S.K. Lines (MOL) announced plans to launch the experimental use of a system that supports ship operation during voyages using augmented reality (AR) technology, jointly developed by Furuno Electric and MOL Techno-Trade on a very large crude carrier (VLCC) subsequently to car carrier.In this project, information, such as other ships sailing around the vessel and landmarks like buoys at sea, can be shown on tablets and other displays, based on data from the Automatic Identification System (AIS).Images of landscapes taken from the bridge can also be shown on the same tablets…
MOL Chooses NAPA for 80 of Its Time-Chartered Bulk Carriers
NAPA, a leading maritime software, services and data analysis provider has announced that it has signed an agreement with MOL (Mitsui O.S.K. Lines Ltd.) to provide performance analysis and reporting for 80 of MOL’s time-chartered bulk carriers with NAPA Fleet Intelligence.NAPA Fleet Intelligence combines NAPA’s naval architectural expertise and proprietary data modelling with open source data and MOL’s own reports to produce industry-leading analytics and actionable insights with zero onboard installation.
Mol Chemical Tankers, SEA-Invest to Build Tank Storage Farm
The Japanese group MOL Chemical Tankers is coming to the port of Antwerp. Together with the port group SEA-Invest it is to invest some 300 to 400 million euros in construction of a tank storage terminal for liquid chemicals. This is yet more confirmation of the port's power of attraction for big investors.Mol Chemical Tankers, a member of the Japanese group Mitsui O.S.K. Lines, will team up with SEA-Invest to build a tank storage terminal in the port of Antwerp. The Sea-Mol joint venture has been set up for this purpose, for which it will invest some 300 to 400 million euros.
MOL Magsaysay Maritime Academy Opened
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that an inauguration ceremony for MOL Magsaysay Maritime Academy (MMMA), jointly operated by MOL and Magsaysay Maritime Corporation (MMC), was held on September 12 in Salitran, Dasmariña City, the Philippines.Around 700 people attended the event, including Senator Grace Poe, Secretary of the Department of Transportation Arthur Tugade, H.E. Koji Haneda, Japanese Ambassador-designate to the Republic of the Philippines, President and CEO Doris Teresa Magsaysay-Ho of A.
MOL Tech for Real-time Cargo Information
Mitsui O.S.K. Lines (MOL) announced that its group company MOL Consolidation Service (MCS) has successfully completed the trial transport of containers equipped with a remote container tracking management device on railway routes connecting China and Europe.This device, by mounting inside the container, makes it possible to monitor cargo in transport using various equipment such as GPS, a temperature gauge, and an optical sensor.Customers, using this device, can track the location and route of the cargo in real time using GPS…
Icebreaking LNG Carrier Named Vladimir Vize
Mitsui O.S.K. Lines (MOL) announced that a naming ceremony for a new icebreaking liquefied natural gas (LNG) carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation, was held at Daewoo Shipbuilding & Marine Engineering (DSME) on September 11.The newbuild was named the Vladimir Vize by Irina Ershova of PAO Novatek, the major shareholder in the Yamal LNG project. The name was chosen in honor of the Russian Arctic explorer and oceanologist.The Vladimir Vize is the sister vessel of the Vladimir Rusanov…
MOL Hosts Family Day for Seafarers
Mitsui O.S.K. Lines (MOL) group seafarer manning company Magsaysay MOL Marine (MMM) held a Family Day for Filipino seafarers at an amusement complex in Manila, drawing about 3,250 seafarers and their families.MOL also held a long-service awards presentation ceremony for Filipino seafarers who work for MMM in Manila. MOL Chairman Koichi Muto, MOL Senior Managing Executive Officer Akihiko Ono, MOL Managing Executive Officer Masanori Kato, and executives of MOL group's ship management companies attended both events.Family Day was held at an amusement complex in Manila…
Mitsubishi Shipbuilding Christens "LNG JUNO"
Mitsubishi Shipbuilding held a christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for MOG-X LNG Shipholding S.A., a wholly owned subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL).The ship, named "LNG JUNO," is the third "Sayaringo STaGE" type vessel, and is Mitsubishi Shipbuilding's newest carrier to feature significant improvements in both LNG carrying capacity and fuel performance through adoption of a more efficient hull structure and an innovative hybrid propulsion system.
MOL Launches Sunflower Kirishima
Mitsui O.S.K. Lines (MOL) announced that the newly built large-scale ferry Sunflower Kirishima operated by its group company Ferry Sunflower was launched on September 15, and with many passengers aboard, departed the Nanko Sunflower Terminal in Osaka Prefecture for the Port of Shibushi, Kagoshima Prefecture.The new Sunflower Kirishima has room for 20% more trucks compared to the old Sunflower Kirishima.With its sister ferry, the Sunflower Satsuma, which was launched on May 15…
Autonomous Shipping Pushing Full Steam Ahead
Rolls Royce and Intel Artificial Intelligence (AI) announced that they’re bringing advanced intelligence to cargo shipping to deliver on the benefits of an autonomous shipping future.As part of its effort to make commercial shipping safer and more efficient, Rolls-Royce is working to develop fully autonomous shipping solutions using artificial intelligence (AI) powered by Intel Xeon Scalable processors and Intel 3D NAND SSDs for storage.“Delivering these systems is all about processing – moving and storing huge volumes of data – and that is where Intel comes in.
MOL's Next-generation Car Carrier FLEXIE Series Wins Accolades
Mitsui O.S.K. Lines (MOL)announced that the MOL-operated next-generation FLEXIE series car carrier received the Good Design Award 2018, from the Japan Industrial Design Promotion Organization (JDP).This year, MOL's FLEXIE won the award for the first time in nine years as the only winner from the shipping industry. The Good Design Award is in a program to evaluate and encourage design representing Japan, which inherits the Good Design Product Selection System (G Mark System) founded in 1957.Judges highly evaluated the design…
Japan Coast Guard Honors MOL Vessels
Mitsui O.S.K. Lines (MOL) announced that six MOL-operated/managed vessels have received commendations from the commanders of the 3rd and 4th Regional Coast Guard Headquarters of the Japan Coast Guard (JCG).Vessels commended by 3rd Regional Coast Guard Headquarters are: VLCC Altair Trader, VLCC Yufusan, VLCC M. Star, LNG carrier Energy Advance, and LNG carrier Energy Frontier. The vessel commended by 4th Regional Coast Guard Headquarters is VLCC Shizukisan.To mark Japan Hydrography Day…
MOL LNG-Fueled Tugboat Named Ishin
Japanese logistics giant Mitsui O.S.K. Lines (MOL) announced that naming and launching ceremonies for the company's LNG-fueled tugboat, built at Kanagawa Dockyard were held on September 28.According to a press release from the company, the tugboat was named Ishin after the name of MOL's technology development project, the 'Ishin Next MOL Smart Ship Project'.Ishin, slated for delivery in February 2019 after the completion of outfitting work, will be the first LNG-fueled tugboat serving Osaka Bay starting in April.In addition…
Yanmar Delivers Dual-Fuel Tugboat Propulsion Engines
Japan-based Yanmar has delivered two 6EY26DF dual-fuel commercial marine engines with the ability to use both heavy fuel oil (HFO) and liquefied natural gas (LNG) as fuels for the LNG tugboat. Mitsui O.S.K. Lines, Ltd. (MOL) will take delivery of the vessel once construction is completed in February 2019 with the tugboat expected to commence operation in April 2019.Yanmar has also received orders for the LNG fuel tanks, buffer tanks, and gas combustion devices that make up the LNG fuel feed systems for the engines.The MOL-owned vessel will be manufactured by Kanagawa Dockyard Co., Ltd.
LNG Carrier Marvel Eagle Delivered to Mitsui
Japan's Mitsui OSK Lines (MOL) announced the delivery of the 155,000 cubic meter capacity liquefied natural gas (LNG) carrier Marvel Eagle to Mitsui & Co.Before the delivery, on September 5, a naming ceremony was held at the Kawasaki Heavy Industries, Ltd. Sakaide Shipyard before a large crowd of onlookers and representatives of the companies involved.The 299.9-meter vessel is the first of three newbuilding LNG carriers, for which MOL and Mitsui & Co., Ltd. signed charter contracts in September 2014 and January 2015.
Ocean Express Network Incurs a USD600 mln Loss in First Year
Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, says its revised consolidated business forecast for FY2018 (April 1, 2018 to March 31, 2019).The integrated container shipping operating company, which was established by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha, said in a press statement that the loss is attributed to its struggle with a new information technology, staff shortages and a rapidly rising fuel costs.Singapore-headquartered ONE…
MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels), but carries cargoes between ports and to the final place of delivery by using other shipping companies.MOL Executive Officer Michael P.Y. Goh was appointed CEO of MWL.
MOL Enables Vessel View VR on VLCC Suzukasan
Japanese logistics major Mitsui O.S.K. Lines (MOL) has announced the introduction of the Vessel View VR, a virtual reality system that allows for virtual visits on the VLCC Suzukasan (delivered on October 12, 2018).This is the second vessel, following the car carrier Beluga Ace (Note 1) to feature this innovative technology. "Vessel View VR" combines "VR Solution," developed by NURVE, with 360oC degree photos and videos taken at various areas onboard.The Suzukasan can transport about 300,000 tons of crude oil in a single voyage.
ONE Drags Down NYK Line Earnings
Container line joint venture Ocean Network Express (ONE) dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.NYK Line reported a loss of JPY 9.7 billion for the six months ended September 30, compared with a JPY6.2 billion profit a year earlier. The consolidated revenues amounted to JPY 915.6 billion, down from JPY 1,064.2 billion in the same period of the previous fiscal year.The new shipping line ONE, which was established with the aim of integrating the container shipping business with those of Kawasaki Kisen Kaisha, Ltd.