Mol Group 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…

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…

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…

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 Oct 2018

MOL Tech for Real-time Cargo Information

Devices mounted inside containers. Pic: MOL

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…

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…

19 Oct 2018

MOL Hosts Family Day for Seafarers

Scene of Family Day. Pic: MOL

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…

19 Sep 2018

MOL Launches Sunflower Kirishima

The Sunflower Kirishima goes into service. Photo: MOL

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…

30 Aug 2018

MOL Readies for ICT-based Trends in Advanced Digitalization

Photo: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a technology consulting agreement with  Yokohama National University Professor Tomoharu Naga, a creator of the next-generation AI advanced machine learning and the percolative learning method.A press release from the maritime company said that MOL aims to become a "corporate group of competitive No.1 businesses," under the "Vision for the MOL Group 10 years from now" set out in the "Rolling Plan 2018" management plan…

06 Sep 2018

MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations

Image: MOL

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.

22 Aug 2018

MOL Invests in PKT Logistics

The 12 Waves warehouse in One Auto Hub. Photo: Mitsui O.S.K. Lines, Ltd.

Mitsui O.S.K. Lines (MOL) announced that it completed the acquisition of 14.27% shares in PKT Logistics Group, a Malaysian logistics company. MOL's stake will rise from the current 20.86% to 35.13%.PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors.PKT owns and operates warehouses hub in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.

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"…

22 Aug 2018

Tokyo International Container Terminal Marks 20 Million TEUs Handled

From left: President of Imoto Lines Takayuki Imoto, Executive Officer of MOL Yutaka Hinooka, director, Managing Executive Officer of Ocean Network Express (Japan)  Hitoshi Adachi, Director General of Tokyo Metropolitan Government Bureau of Port and Harbor Makoto Saito, President & CEO of Tokyo Port Terminal Yuji Hirano, President of Utoc Masahiro Tanabe. Photo: Mitsui O.S.K. Lines, Ltd

Mitsui O.S.K. Lines (MOL) announced that the MOL-operated Tokyo International Container Terminal (TICT) reached a major milestone on August 21—a cumulative total of 20 million TEUs handled.The terminal started operations in November 1971, and in December of that year, the full containership Kamakura Maru, serving the Asia-Europe route, was the first vessel to call at TICT. After 47 years of successful operations, TICT becomes the first terminal in the Port of Tokyo to handle 20…

14 May 2018

Vietnam Opens Haiphong International Container Terminal

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

Mitsui O.S.K. Lines has announced that its joint venture company Haiphong International Container Terminal held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port, Vietnam on May 13. HICT is the first terminal in Northern Vietnam with a berth deep enough to allow calls by 14,000TEU containerships. It will meet customer demands for shorter transit times and lower transport costs, while contributing to economic growth in Northern Vietnam…

20 Jun 2018

MOL Snaps Up Adriatic Gas via Croatian Unit

Image: ENI

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica. INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months. The transaction covers 4.3 million…

19 Jul 2018

MOL Hosts Tour of Cutting-edge Car Carrier on Marine Day

Photo: Mitsui O.S.K. Lines

Mitsui O.S.K. Lines (MOL) has announced that on Marine Day, Monday, July 16, it hosted a tour of the cutting-edge car carrier Beluga Ace at Harumi Pier, in cooperation with the Japanese Shipowners' Association (JSA).The company welcomed about 360 elementary and junior high school students and their family members, who were selected in an online application process.The participants boarded the huge vessel – measuring about 200m long and 50m-high –and made their first stop in the engine room…

20 Jul 2018

MOL buys Eni's Adriatic Offshore Gas Stakes

Image: ENI

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months.The transaction covers 4.3 million…

07 Aug 2018

MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds

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

Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…

19 Feb 2018

MOL Posts Highest Profit in Decade in 2017

 INA Offshore platform. Photo: MOL

MOL Group announced its financial results for 2017. MOL increased its EBITDA by 14% comfortably outperforming its 2017 target on the back of a strong financial and operational delivery of all business segments. Organic capex stood at USD 1.04 bln, in line with lowered guidance and slightly higher than in the previous year. MOL continued to generate a massive amount of free cash flow establishing a strong financial framework to cover its ambitious transformational projects. Upstream delivered USD 854 mn EBITDA, a 26% increase in comparison with 2016 arising from higher Brent and gas prices.

03 Mar 2018

MOL: New Stowage System for Car Carriers

MOL's Cutting-edge Stowage Planning System for Car Carriers Image MOL

Mitsui O.S.K. Lines, Ltd. introduced an upgraded stowage planning system for car carriers called “MOL-CAPS”. The MOL-CAPS system generates a voyage-by-voyage stowage plan that determines where to stow specific vehicles in consideration of different factors, such as the onboard structure, the type of vehicles being transported, and calling ports. The company introduced MOL-CAPS in 1999, and will adopt this new version for the next-generation car carriers, the FLEXIE series, which will be delivered starting in March 2018.

09 Mar 2018

MOL Adopts 'Common Rail Fuel Injection' System

Main engine equipped with common rail fuel injection system Photo MOL

Mitsui O.S.K. Lines, Ltd. announced that its group company, Mitsui O.S.K. Kinkai, Ltd. will use a main engine equipped with the MAN Diesel & Turbo SE (MDT)-developed “common rail fuel injection system” on a newbuilding vessel. Shop test of the main engine was completed on January 29 and the vessel is slated for launching in 2018. After launched, Mitsui O.S.K. Kinkai, MDT and Makita Corporation(President: Yu Makita; headquarters: Takamatsu-shi, Kagawa Prefecture)will continue testing the system with support from MOL while the vessel is in service.

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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