MOL to Launch 44 New Iron Ore Carriers
TOKYO – Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced a major expansion of the company’s iron ore carrier fleet, with a proposal to launch 44 new vessels. The move is part of MOL’s growth strategies in the new midterm management plan MOL ADVANCE, which began on April 1. MOL ADVANCE focuses on the allocation of management resources in growing fields of the ocean shipping industry.