Mitsui Osk Lines News

13 Feb 2019

MOL Techno-Trade in Green Initiative

(L-R) PBCF and Green Award Program logomark. Pic: Mitsui O.S.K. Lines

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that its group company MOL Techno-Trade has joined a Green Award Program aimed at promoting high-quality shipping.The program is run by the nonprofit Green Award Foundation, which was established with the objectives of protecting the marine environment and enhancing safe operation.The program aims to improve the quality of vessels and mariners and protect the marine environment by certifying vessels for excellence in safety and low environmental impact.

12 Feb 2019

MOL, Total Make Refueling Europe Easier

Pic: MOL Group

Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for acceptance of MOL Group Cards by Total in its network of stations in France, Belgium, Luxembourg, The Netherlands and Germany. At the same time, the Total fuel cards will be accepted in the MOL’s and Slovnaft’s network of stations in Hungary…

01 Feb 2019

MOL's LNG-Fueled Tug Begins Bunkering

Pic: Mitsui O.S.K. Lines

Japanese shipping company Mitsui O.S.K. Lines (MOL) that its LNG-fueled tugboat 'Ishin' bunkered LNG fuel in Sakai Senboku Port for the first time, in preparation for test operation.MOL ordered the vessel from Kanagawa Dockyard. This is the first bunkering of LNG as a vessel fuel at any port in the Kansai region.The LNG fuel was supplied by Osaka Gas using a truck-to-ship LNG bunkering procedure. The truck-to-ship LNG bunkering procedure supplies LNG fuel from an LNG truck on shore.After test sailing with LNG fuel…

25 Jan 2019

First MOL Car Carrier Vessel Arrives in Cambodia

Grand Orion in the port. Pic: MOL

The 6,400 standard passenger car capacity, Mitsui OSK Lines (MOL)-operated car carrier Grand Orion has made a first call for such a vessel type in Cambodia.The Japanese shipping company said in a release that the car carrier called at the Port of Sihanoukville, Cambodia, and discharged about 12,000 tons of construction machinery. It was the first call at a Cambodian port by an MOL-operated car carrier, it added.In commemoration of the first call, Grand Orion Capt. Denis C. De…

21 Jan 2019

Asahi MOL Tankers Established

Pic: Mitsui O.S.K. Lines

Japanese shipping company Mitsui O.S.K. Lines (MOL) and the marine transportation services provider Asahi Tanker Co have launched a new MR product tankers pool with a fleet of about 25 ships.The new pool, named Asahi MOL Tankers and headquartered in Republic of the Marshall Islands, will also launch MR product tankers that will be assigned to the pool.MR stands for Medium Range and refers to product tankers in the 45,000-55,000 deadweight ton class. This ship type has great versatility in transporting petroleum products such as gasoline…

17 Jan 2019

MOL Rolls Out Fleet Xpress Across Fleet

Logo: Inmarsat

Mitsui O.S.K. Lines (MOL)  is to increase the roll-out of Inmarsat’s Fleet Xpress Service, across the remainder of its owned and managed fleet. The Japanese shipping company was among the earliest adopters of Fleet Xpress; deploying Inmarsat’s global high-speed broadband connectivity on the majority of its Car-Carriers in 2016, shortly after the launch of the next-generation service. Currently it has over 100 vessels installed. MOL will now install Fleet Xpress across its managed and owned fleet of Bulk carriers…

11 Jan 2019

Next-Generation LNG Carrier Christened

Next-Generation LNG Carrier "NOHSHU MARU" (Photo: MHI)

Mitsubishi Shipbuilding Co., Ltd. held a christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for TRANS PACIFIC SHIPPING 5 LTD., a joint venture of JERA Co., Inc. (JERA) and Mitsui O.S.K. Lines, Ltd. (MOL). The new ship, named Nohshu Maru, is the fourth vessel of the latest model "Sayaringo STaGE" type, featuring significant improvements in both LNG carrying capacity and fuel performance due to the adoption of a more efficient hull structure and an innovative hybrid propulsion system.

24 Dec 2018

Moody's Downgrades MOL

Image: Mitsui OSK Lines

The rating company Moody's Japan K.K. has downgraded  Japanese shipping company Mitsui O.S.K. Lines, Ltd.'s (MOL) corporate family rating to Ba2 from Ba1. The rating outlook is stable."We expect MOL's debt will not decline materially over the next few years and its leverage will likely remain above our downgrade guidance of 7.0x for a Ba1 rating," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer.Moody's sees only a limited possibility for MOL to materially reduce its debt during the next several years…

22 Dec 2018

MOL Study on Automatic Prevention of Collisions

Japenese marine transportation company Mitsui O.S.K. Lines (MOL) announced that MOL, MOL Techno-Trade, the National Maritime Research Institute (NMRI), and Tokyo University of Marine Science and Technology (TUMSAT) jointly conducted an assessment and feasibility study on advanced navigation support systems, using the NMRI-owned ship handling risk simulator, which has a horizontal view angle of 240°C.On watch-keeping during ship operations, mariners must first be able to see an object, and then judge whether that object poses a risk to the vessel. If that is the case, the vessel must take some action to avoid the risk, such as veering…

21 Dec 2018

FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders

Photo courtesy of Hoegh LNG

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…

20 Dec 2018

MOL Conducts Test of Class Survey Using Drones

Pic: Mitsui O.S.K. Lines

Mitsui O.S.K. Lines (MOL) announced that it participated in a demonstration test of ship class survey using aerial drones to inspect an MOL-operated coal carrier in service, along with Nippon Kaiji Kyokai (ClassNK), Hitachi Systems, and Mitsui Co.According to MOL, the demonstration test included a simulated ship inspection inside the cargo hold and ballast tank (which holds water used to balance the ship when it is not carrying cargo), using video shot from an aerial drone.The test verified the effectiveness of using drones to monitor rust…

20 Dec 2018

Great Ships of 2018: #4 - Beluga Ace

Image: MOL

Beluga Ace: New Design Car Carrier with Six Liftable DecksBeluga Ace, the first vessel of next-generation FLEXIE series car carrier built by the Minaminippon Shipbuilding Co., Ltd., was delivered to Japanese shipowner Mitsui O.S.K. Lines, Ltd. (MOL) in March 2018. The space onboard was rearchitected using the design concept. The six liftable decks, compared with two on conventional car carriers, allow loading of vehicles with different heights. As a result, loading efficiency was improved by 6.25% from the conventional type of car carrier…

17 Dec 2018

Uniper, Mitsui OSK Lines Press Ahead German FSRU

Image: Mitsui OSK Lines

German energy group Uniper and Japanese shipping group Mitsui OSK Lines (MOL) have agreed to intensify efforts on the Wilhelmshaven FSRU (Floating Storage and Regasification Unit) project in Germany, which could start up as early as H2 2022.The FSRU has a planned send-out capacity of 10 bcm/a and liquefied natural (LNG) storage capacity of 263,000 m³, said a press release from Uniper, the international energy company with operations in more than 40 countries.The project benefits from the existing site in Wilhelmshaven where required infrastructure is already in place.

15 Dec 2018

MOL Passenger Line 'Cruise of the Year 2018'

Pics: Mitsui O.S.K. Lines, Ltd.

Mitsui O.S.K. Lines (MOL) announced that its group company, Mitsui O.S.K. Passenger Line (MOPAS) was recognized for its "efforts on market development by the Nippon Maru One Night Cruise," and received the award for outstanding performance in the "Cruise of the Year 2018" program.MOPAS was honored for its One Night Cruise programs based on three themes, which attracted a majority of passengers (70%) who boarded the Nippon Maru for the first time.While elaborately planned, all of the cruise themes offered a casual atmosphere…

12 Dec 2018

MOL, Proman Shipping Name Methanol Carrier CASTARA

At the naming ceremony. Photo by Mitsui O.S.K. Lines

Switzerland's Proman Shipping and Mitsui O.S.K. Lines(MOL) announced that  a naming ceremony for a newbuilding Methanol Carrier for Proman Shipping was held at the Hyundai Mipo Drydock (HMD) in Korea.The vessel was named the CASTARA by Methanol Holdings (Trinidad) Limited. (MHTL) CEO Dennis Patrick. MHTL and Proman Shipping are subsidiaries of the Proman Group.The CASTARA will be the most eco-friendly and fuel-efficient vessel in Proman Shipping’s expanding fleet.David Cassidy…

10 Dec 2018

MOL LNG Carrier Rescues Castaway

Rescued castaway, and area where rescue took place. Pic: MOL

Japan’s Mitsui O.S.K. Lines (MOL) revealed that its liquefied natural gas (LNG) carrier LNG Fukurokuju has safely rescued a castaway  330km off New Ireland, Papua New Guinea.According to MOL, the crew onboard the 165,134-cbm LNG Fukurokuju, while underway northeast of New Ireland, Papua New Guinea, spotted a castaway who was calling for help at 16:30 (all times in local time) on November 26."The vessel immediately started rescue activities, and rescued him at 18:30 on the same day…

07 Dec 2018

MOL Signs Pact for Asia’s 1st Gas-to-Power Project FSRU

Map: Mitsui O.S.K. Lines (MOL)

Mitsui O.S.K. Lines (MOL) has announced that the company has signed deals for construction of a floating storage and regasification unit (FSRU), FSRU services, and financing for the Jawa 1 Gas-Fired Project, through PT Jawa Satu Regas (JSR), a joint company of PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation etc.MOL is entrusted with FSRU construction supervision, maintenance, and operation services.In this project, PT Jawa Satu Power(JSP), jointly established by Pertamina…

29 Nov 2018

MOL Adds VR-based Mariner Safety Training

VR screens from training sessions on "Preventing accidental falls," "Cargo falling from cranes," and "Response to onboard fires". Pic: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) announced the addition of a new training session on "Snap-back zones" to its mariner safety education program using virtual reality (VR) goggles and VR technology created by Tsumiki Seisaku Co., Ltd.Snap-back zones happens when a tow line broke due to improper tension, the rope snapped back instantly. In some cases, this can cause life-threatening injuries.The tool enhances seafarers' risk perception by allowing them to visualize…

22 Nov 2018

MOL Announces Three Initiatives on Global Warming

LNG tanker LNG VESTA. Pic: MOL

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has  announced its support for three initiatives to address the issue of global warming. The initiatives include supporting, and active participation in the task force on climate-related financial disclosures, Japan climate initiative, ministry of environment "COOL CHOICE" national movement.The MOL Group established the "MOL Group Environmental Vision 2030" as the group's environmental management policy under the "MOL Group Environmental Policy Statement"…

19 Nov 2018

MOL Tabletop Drill Focuses on LNG Carrier Safety

Left: Scene of Emergency Control Headquarters during the drill. Right: Kenta Matsuzaka, Managing Executive Officer, Masanori Kobayashi, Executive Officer. Pic: Mitsui O.S.K. Lines

Mitsui O.S.K. Lines announced that it conducted a tabletop drill based on an incident simulation involving an LNG carrier managed by an MOL Group ship management company.MOL holds these drills periodically to confirm its emergency response system in preparation for serious marine incidents.The drill was held on Friday, November 16, with the goal of raising company-wide safety awareness through the simulation of a serious marine incident. The drill was designed to demonstrate that…

15 Nov 2018

MOL Turns 50 in Thailand

MOL President & CEO Ikeda (5th from the right) and hosts greet guests at the party. Photo: MOL

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.

12 Nov 2018

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…

12 Nov 2018

Golar FSRU Wins LNG Croatia Project

 Image: Golar LNG

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…

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