Search results for: mitsui-o-s-k-lines

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  • 5 February 2020

    Japan’s shipping giant Mitsui O.S.K. Lines plans to establish an offshore gas project division to focus specifically on LNG projects. 

  • 2 September 2019
    Business & Finance

    The Japanese shipping company is in talks with a major Turkish steel and iron producer.

  • 21 December 2018
    Business & Finance

    MOL is studying advanced navigation support system with the aim of preventing collisions.

  • 24 December 2019

    Mitsui O.S.K. Lines, (MOL) has signed its first green loan, to partially finance the construction of the world’s largest LNG bunkering vessel, which will be chartered by France’s Total and owned and operated by MOL.

  • 3 October 2019
    Business & Finance

    The Approval in Principle (AIP) for the design of a hard sail system was received from ClassNK.

  • 1 July 2015
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines, Ltd. has placed an order with Minaminippon Shipbuilding Co., Ltd for up to three methanol carriers featuring the world’s first methanol burned dual-fueled low-speed diesel main engine. This engine has already been completed, and its manufacturer, Mitsui Engineering & Shipbuilding Co., Ltd., has test-operated the unit using methanol fuel in Tamano Works, and […]

  • 6 February 2018

    A unit of French energy giant Total and Japan’s Mitsui O.S.K. Lines (MOL) have signed a long-term charter contract for a large liquefied natural gas (LNG) bunker vessel. The vessel that will have a capacity of 18,600 cbm is scheduled for delivery in 2020. It will operate in Northern Europe and will be the “first ever capable […]

  • 2 April 2015
    Business & Finance

    The business performance of Japanese shipping major Mitsui O.S.K. Lines (MOL) fell short as the company could not achieve its initial target of ¥70 billion in consolidated ordinary income, MOL’s President Koichi Muto said while speaking on MOL’s Foundation Day. According to Muto, the highest priority for the company is to swiftly alter the course of the midterm […]

  • 30 April 2015
    Business & Finance

    Full year results of the Japanese shipping conglomerate Mitsui O.S.K. Lines (MOL) dipped over 26% year-on-year. The company posted a net profit of JPY 42.3 billion (USD 352.4 million) for the fiscal year ending March 31st, 2015 against JPY 57.3 billion profit booked in 2013 fiscal year. MOL’s revenues were higher than in the previous year […]

  • 18 June 2015
    Business & Finance

    Rating agency Moody’s Japan K.K. downgraded Japanese shipping company Mitsui O.S.K. Lines’ (MOL) issuer rating from Baa3 to Ba1 on the ground of the company’s indebtedness and weak market conditions for container shipping and bulkers. “The rating action reflects our expectation that the company will not be able to deleverage fast enough to maintain its […]

  • 1 July 2015
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines, Ltd. has placed an order with Minaminippon Shipbuilding Co., Ltd for up to three methanol carriers featuring the world’s first methanol burned dual-fueled low-speed diesel main engine. This engine has already been completed, and its manufacturer, Mitsui Engineering & Shipbuilding Co., Ltd., has test-operated the unit using methanol fuel in Tamano Works, and […]

  • 28 September 2018
    Vessels

    Mitsui O.S.K. Lines (MOL) on Friday launched and named its LNG-fueled tugboat, built at Kanagawa Dockyard.

  • 31 May 2017
    Business & Finance

    Japan’s shipping giant Mitsui O.S.K. Lines has completed an in-service demonstration test of a wind resistance-reducing windshield for containerships, concluding that it reduces emissions of carbon dioxide (CO2) by some 2%. Co-developed by MOL, the windshield was installed on the bow of its operated containership MOL Marvel for the demonstration test, launched in September 2015. […]

  • 19 April 2016
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has begun the operation of its newly established LNG carrier management company, MOL LNG Transport (MOLLNG (Asia)) in order to meet demands of an anticipated growth in LNG transport sector.  MOLLNG was established in Hong Kong on 15 September 2015. MOL voiced its intention to play a central […]

  • 3 September 2015
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines, Ltd. has started demonstration tests of a new windshield for containerships, which has the potential to reduce wind resistance, save fuel, and reduce CO2 emissions. The new windshield was installed on the bow of the MOL-operated containership MOL Marvel, and a demonstration test of its effectiveness in reducing CO2 […]

  • 28 February 2019
    Vessels

    Mitsui O.S.K. Lines (MOL) took delivery for the LNG-fueled tugboat the company ordered from Kanagawa Dockyard.

  • 11 January 2017
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has formed a new partnership with Swiss-based shipping firm Mediterranean Shipping Company (MSC) in an effort to jointly operate MOL’s CX1 containership service on the Panama and Amazon route. The CX1 service will add weekly coverage from Manaus to the Panamanian hub of Manzanillo, MOL said. The first […]

  • 20 June 2019
    Project & Tenders, Vessels

    Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has signed a short-term charter agreement for a liquefied natural gas (LNG) carrier with state-run gas company GAIL India.

  • 31 March 2016
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines (MOL) is reducing its Capesize fleet by about 10% by cancelling some charter-in contracts and selling some dry bulkers it owns, within its drastic restructuring plan announced in February. The company said that it has already started returning chartered-in vessels based on agreements with business partners. In April 2016, MOL is to […]

  • 12 December 2019
    Business & Finance

    MOL ordered two ‘EeneX’ next-generation coal carriers from compatriot Oshima Shipbuilding Co.

  • 4 January 2018
    Business & Finance

    CEO: MOL needs to drive new innovation as the tides of change are relentless.

  • 7 April 2016
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has presented the hull design for its next-generation car carrier FLEXIE that will be constructed at Minaminippon Shipbuilding Co. and is slated for delivery in 2017. MOL says the rounded bow shape is going to minimize wind resistance and is expected to reduce CO2 emissions by about 2% compared to today’s car […]