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MOL Charters LNG Vessels to ExxonMobil
Mitsui O.S.K. Lines, Ltd. (MOL) has been awarded two long-term charters by an ExxonMobil affiliate and its co-venture partners in its Papua New Guinea LNG Project.
MOL Carriers Rescue Students
Mitsui O.S.K. Lines, Ltd. announced that its woodchip carriers Hokuetsu Delight and Crystal Pioneer searched for survivors of a training ship 550 km southeast of Rio de Janeiro in the South Atlantic…
MOL Drills on Emergency Response
Mitsui O.S.K. Lines, Ltd. announced that the company has completed a practice drill based on the scenario of its training ship Spirit of MOL being involved in a collision, fire, and oil spill incident just off Manila on February 18. Following is an outline of the drill, which involved about 60 participants from the Tokyo Head Office and MOL Group companies. Beginning on the afternoon of Thursday, February 18…
MOL President’s 2010 New Year Message
A Happy New Year to all in our MOL Group companies. There is a Japanese saying, “ichiyo-raifuku” (the return of spring), meaning that “the winter has left and the spring has come”. It also means that “after a series of unfortunate things happened, things finally turning for the better”. I would like to celebrate the beginning of a new year together with all of you by rewording slightly this saying for MOL to “ichiyo-KENfuku”…
MOL Completes Settlement, 13th Unsecured Bonds
Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company determined the terms and conditions for the issuance of its 13th series of unsecured bonds (with inter…
MOL Develops CO2 Reducing Additive
Mitsui O.S.K. Lines, Ltd. (MOL) announced development of a carbon-dioxide-reducing, efficiency-boosting fuel additive for merchant ships, in conjunction with Taihokohzai Co.…
Hiller Senior VP for MOL Transpacific Trade
MOL announced that Rich Hiller has been promoted to Senior Vice President, Transpacific Trade, effective January 1, 2010. Hiller, currently the Vice President for the Transpacific Trade…
Delivery GDF Suez Neptune
The first shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines, Ltd. (MOL) was completed at Samsung Heavy Industries in South Korea, and was delivered to the GDF Suez group on November 30, 2009. It will serve on a long-term charter contract between the parties. GDF Suez Neptune is the first of two SRVs which was constructed in order to provide LNG transportation services to the Neptune LNG Deep Water Port off the coast of Gloucester, Massachusetts, U.S.
Seaspan Reports Financial Results
Seaspan Corporation (NYSE: SSW) announced the financial results for the three and nine months ended September 30, 2009. - Paid a second quarter dividend of $0.10 per share…
MOL Contract with Jiangsu Shagang Group
Mitsui O.S.K. Lines, Ltd. announced that MOL became the first overseas shipowner to sign a long-term iron ore transport contract with Jiangsu Shagang Group Co., Ltd. of China on October 19. MOL will transport iron ore from Australia and Brazil to Jiangsu Shagang. A 207,000-tonne iron ore carrier, to be constructed at the Universal Shipbuilding Corporation for the contract, is scheduled for completion in late 2011.
MOL Strengthens Ties with China’s Baosteel
Mitsui O.S.K. Lines, Ltd. announced an agreement with China’s Baosteel Group Corporation to further strengthen the companies’ cooperative relationship. The agreement was reached at an October 13 meeting between MOL President Ashida and Baosteel President He Wenbo at Baosteel headquarters in Shanghai. MOL presented a model of the 300,000-ton iron ore carrier Baosteel Elaboration to Baosteel as well.
New World Alliance Service Changes
The New World Alliance (TNWA) carriers –APL, Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) announced revised capacity and service plans for the Transatlantic trade.
MOL Renews Lease for LA Container Terminal
Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) announced that its wholly owned terminal operator TraPac, Inc. (Headquarters: Los Angeles, California, U.S.) renewed its long-term lease contract for a container terminal at the Port of Los Angeles. The signing ceremony for the new contract was held on October 15, with participation by the Interim Deputy Mayor of the City of Los Angeles Romel Pascual.
MOL Peak-Season Surcharge, Europe to Asia
Mitsui O.S.K. Lines said it will apply a peak-season bill of lading surcharge for all shipments from Europe and the Mediterranean to Asia for all equipment types.
Second Birthday of DCT Gdansk Terminal
On October 1, 2007 the construction of Deepwater Container Terminal Gdansk was completed and the terminal officially opened. DCT Gdansk is the newest and most modern…
MOL Helps Typhoon Victims in Luzon
Mitsui O.S.K. Lines, Ltd. President Akimitsu Ashida announced a donation of $40,000 to relief efforts for the victims of Typhoon Ketsana that struck the Philippines at the end of September. The company expressed its heartfelt sympathy for the disaster victims, and said it hopes they can return to normal life as soon as possible. MOL is making the donation through Manila-based Magsaysay-Mitsui O.S.K. Marine, Inc., which provides recruitment and training of seafarers.
MOL Starts Safety Campaign
Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) announced the start of the Safety Campaign for all its operated vessels effective October 1, 2009. During the campaign, the company will concentrate on exchange of opinions between onshore and seagoing personnel regarding MOL’s approaches to safe operation, and measures to prevent the spread of the new influenza epidemic. This will increase…
MOL Announces GRI
MOL (Mitsui OSK Line) said it plans a general rate increase for all cargo moving southbound from Europe North Continent and Mediterranean to West Africa. The new…
MOL Concept for New-Generation Vessels
Mitsui O.S.K. Lines, Ltd. announced that the company has formed the concept for its next-generation vessels, which will be a technically practical in the near future, by building on and refining technologies it has already developed and adopted. The first is a next-generation, environment-friendly car carrier. MOL continues to work on concepts for other next-generation vessels such as ferries, bulkships, tankers, and containerships.
Seaspan Takes Delivery of 40th Containership
Seaspan Corporation (NYSE:SSW) announced that it accepted delivery of the MOL Eminence from Hyundai Heavy Industries Co., Ltd. on August 31, 2009. The 5100 TEU containership…
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
MOL Invests in Fleet of the Future
Japan Seminar and Reception at the SMM Show
