Search results for: MOL

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  • 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 […]

  • 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 […]

  • 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 […]

  • 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, […]

  • 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.

  • 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 […]

  • 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 […]

  • 9 February 2011

    Mitsui O.S.K. Lines, Ltd. (MOL, President: Koichi Muto) today announced that the company was named one of the Global 100 Most Sustainable Corporations in the World by Corporate Knights Inc.(*) of Canada on January 29 at the World Economic Forum in Davos. The selection was a first for MOL, which earned the No. 32 position […]

  • 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 […]

  • 29 March 2017

    Mitsui O.S.K. Lines said it has taken delivery of the world’s largest containership, MOL Triumph, from Samsung Heavy Industries earlier this week.

  • 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 […]

  • 21 August 2017
    Business & Finance

    Japanese shipping company Mitsui O.S.K Lines (MOL) has been found guilty of violating South Korean antitrust law with respect to car carrier services. Following an investigation, the Fair Trade Commission of South Korea (KFTC) announced on August 21, 2017 (South Korea time) that several companies including MOL breached the country’s antitrust law. Commenting on the […]

  • 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.

  • 17 January 2014
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. and Brookfield Asset Management Inc. have agreed to form a strategic alliance aimed at enhancing and expanding MOL’s container terminal business. As the first step of the alliance with Brookfield, MOL will transfer a partial stake in MOL subsidiary International Transportation Inc. (ITI) to a Brookfield-operated fund. ITI is a holding […]

  • 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 […]

  • 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 […]

  • 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, […]

  • 24 April 2019
    Business & Finance

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