Search results for: MOL

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  • 3 October 2014
    Business & Finance

    MOL Liner Ltd. (MOL) and El Baraka revealed plans on the formation of a joint venture company in Egypt to directly support and develop customer relationships in the country for MOL’s container division. MOLS said the decision was part of the company’s strategy to grow closer to customers and to clearly identify the commitment to […]

  • 15 December 2014
    Business & Finance

    MOL Myanmar Limited has formed a joint venture shipping agency with E.F.R. Forwarding & General Services Co., Ltd. in Myanmar. The joint venture shipping agency will retain the name of MOL Myanmar Limited and location of the offices will remain unchanged. MOL Myanmar Limited noted that the joint venture in this market is part of MOL’s […]

  • 5 November 2013
    Business & Finance

    Mitsui O.S.K. Lines (MOL), one of the world’s largest global multimodal transportation companies, will open its own office in Switzerland as part of its strategy to grow closer to customers. The new office will be located in Basel and will be operational on 1st January 2014. Jochen Veldmann, Area Director for MOL, says that the […]

  • 11 April 2013
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that a nine-member delegation from the government of India, headed by Milind Murli Deora, who serves as Minister of State for Communications, Information Technology and Shipping, visited MOL headquarters in Tokyo on April 9. The delegation met with MOL President Koichi Muto and several other […]

  • 14 February 2013
    Business & Finance

    Directorate of Investment and Company Administration (DICA) has approved the Permanent Business License of ‘Myanmar MOL Limited.’, a wholly-owned subsidiary of MOL Liner Ltd. on 4th February. MOL is one of the first companies in the Shipping industry that has set up its wholly owned subsidiary. With over 100 years of MOL presence and continuous […]

  • 11 June 2015
    Business & Finance

    Tokyo-based ocean cargo carrier Mitsui O.S.K. Lines (MOL) has rebranded its car carrier service into MOL Auto Carrier Express (MOL ACE). MOL will start to use MOL ACE as global brand beginning July 1, 2015. MOL’s car carrier service network includes offices and agencies in about 140 nations around the world, and the MOL Group operates about […]

  • 16 January 2018

    Mitsui O.S.K. Lines (MOL) has acquired 100 percent interest in the Netherlands-based seafarers manning company Azalea Maritime B.V.

  • 9 June 2011
    Business & Finance

      Mitsui O.S.K. Lines, Ltd. announced the company’s acquisition of the “DBJ Environmental Ratings” from the Development Bank of Japan Inc. (DBJ), and received a loan based on the rating. MOL’s acquisition of the DBJ Environmental Ratings is the first in the ocean shipping industry. In addition, the company received the highest rating from DBJ, […]

  • 15 March 2017
    Business & Finance

    South Korean shipbuilding major Samsung Heavy Industries (SHI) held a naming ceremony today at its Geoje shipyard for the largest containership built so far, thus breaking global shipbuilding records. The newbuilding is the first of four 20,150 TEU containerships, ordered from Japan’s shipping giant Mitsui O.S.K. Lines (MOL) in February 2015. The four mega ships were ordered as […]

  • 30 April 2013
    Business & Finance

    Today, MOL has confirmed that the company participated in both the ownership of six new LNG ships to be built in China by Hudong-Zhonghua Shipbuilding (Group) Co.,Ltd. (Hudong) and the associated ship-management agreements through the relevant joint ventures that are already formed in Hong Kong with MOL’s participation stake of 20 % for each joint […]

  • 4 November 2019
    Business & Finance

    Hungarian oil and gas company MOL has signed an agreement with Chevron to acquire its non-operated E&P and midstream interests in Azerbaijan for total consideration of $1.57 billion.  

  • 12 March 2012
    Business & Finance

      Mitsui O.S.K. Lines, Ltd. announced the opening of the new route “SYX” linking Singapore and Yangon starting on March 17. MOL will offer a twice a week joint service with RCL. The service runs by 3 vessels (T/R 10.5 days) and MOL will provide one ship MV MOL Acclaim. Yangon, a major market in […]

  • 19 October 2011

    On 14th October 2011, the Green Award Foundation marked the occasion, for the first time in its 18 year history, it has a Liquefied Natural Gas (LNG) carrier on its list of certified ships. The LNG ship “DUKHAN” is chartered by Qatargas, the world’s largest LNG producing company. In recognition of this milestone the Green […]

  • 24 December 2018
    Business & Finance

    Moody’s Japan K.K. has downgraded Mitsui O.S.K. Lines’ (MOL) corporate family rating to Ba2 from Ba1.

  • 16 April 2012
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. today announced the certification of its own seafarer education and training program by Oslo-based Det Norske Veritas (DNV). The MOL Rank Skill Training and Evaluation Program (MOL RankSTEP) received DNV certification for compliance with the Competence Management System (CMS) on April 13. CMS is a management system that improves education programs […]

  • 12 August 2013
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. together with the Lloyd’s Register, which MOL appointed as a technical consultant, and other concerned parties have conducted a thorough investigation into the causes of the mid-June 2013 hull fracture of the MOL-operated containership MOL Comfort on the Indian Ocean. Also, MOL has extended and will extend all possible cooperation to […]

  • 17 April 2013
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. today announced plans to assist the non-profit organization South Africa Primary Education Support Initiative (Sapesi-Japan) with the ocean transport of mobile library vehicles to the Republic of South Africa. Such assistance was provided in 2009 and 2010, so the current project is the third for MOL. MOL previously transported 24 vehicles, […]

  • 4 November 2019
    Business & Finance, Project & Tenders

    MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan. The acquisition includes a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline that transports the crude to the Mediterranean port of Ceyhan, […]

  • 25 June 2013

    One patrol boat and three tugboats arrived yesterday at the site where the containership MOL Comfort broke apart on June 17 during heavy weather while sailing to Jeddah, Saudi Arabia. A total of five boats, including one more boat which is expected to arrive tomorrow, will prepare for the rescue. According to MOL’s update on […]

  • 24 April 2019
    Business & Finance

    MOL took delivery of the very large crude carrier Phoenix Jamnagar on April 24.

  • 1 October 2012
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. today announced the launch of a campaign targeting all MOL-operated vessels, starting on October 1. “Forging ahead to become the world leader in safe operation” is a central theme in the midterm management plan “GEAR UP! MOL” which was formulated in April 2010. As part of these efforts, President Muto, executives, […]

  • 3 September 2014
    Business & Finance, Equipment

    Japan’s Mitsui O.S.K. Lines, Ltd. today announced that the company has decided to establish a ship-owning joint venture with Norway-based Viken Shipping AS and participate in a shuttle tanker project.