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Mol News

MOL Apologizes for Wakashio Grounding in Mauritius

MOL Apologizes for Wakashio Grounding in MauritiusThe operator of a Japanese bulk carrier which ran aground off Mauritius in the Indian Ocean apologised on Sunday for a major oil spill which officials and environmentalists say is creating an ecological disaster.10 August 2020 Monday 16:22

Dramatic Decline in 2020 Shipbuilding Orderbook, Increased Demolitions

Dramatic Decline in 2020 Shipbuilding Orderbook, Increased DemolitionsThe economic impact of the coronavirus is taking a strong toll on the shipbuilding industry according to a new analysis from BIMCO.09 August 2020 Sunday 14:45

Hudong-Zhonghua finalising works on 4th Yamal LNG carrier

Hudong-Zhonghua finalising works on 4th Yamal LNG carrierChina’s Hudong-Zhonghua Shipbuilding is wrapping up the construction of a liquefied natural gas carrier that will serve Novatek’s Yamal project in Russian Arctic.10 June 2020 Wednesday 16:00

Japanese majors form consortium to develop, commercialize zero-emission electric ships

Japanese majors form consortium to develop, commercialize zero-emission electric shipsSeven Japanese companies have joined forces with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels.23 May 2020 Saturday 15:00

MOL Sounds the Alarm on 2019 Results

MOL Sounds the Alarm on 2019 ResultsJapanese shipping major Mitsui O.S.K. Lines expects to record an extraordinary loss on its consolidated and non-consolidated financial statements for the fiscal year of 2019.25 March 2020 Wednesday 13:52

Container Carriers Brace for Coronavirus Hit to Trade

Container Carriers Brace for Coronavirus Hit to TradeLeading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global trade.21 March 2020 Saturday 15:05

MOL, DSME Join Forces on Cutting FSRUs’ Environmental Impact

MOL, DSME Join Forces on Cutting FSRUs’ Environmental ImpactJapanese shipping major Mitsui O.S.K. Lines has entered into an agreement with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering to jointly develop a new technology to reduce environmental impact for Floating Storage and Regasification Units.21 February 2020 Friday 12:31

MOL in Restructuring Mode

MOL in Restructuring ModeJapanese shipping major Mitsui O.S.K. Lines (MOL) has unveiled a number of new restructuring measures effective April 1, 2020.01 February 2020 Saturday 10:44

World’s Largest LNG Bunker Vessel Aces Sea Trials

World’s Largest LNG Bunker Vessel Aces Sea TrialsA giant LNG bunker vessel, which will be operated by French energy giant Total and owned by Japanese shipping company Mitsui O.S.K. Lines (MOL), has completed sea trials in China, according to an official from Bureau Veritas.10 January 2020 Friday 14:01

MOL, Mitsubishi Finalize Deal for LNG-Fueled Ferry Duo

MOL, Mitsubishi Finalize Deal for LNG-Fueled Ferry DuoJapanese shipbuilder Mitsubishi Shipbuilding Co. has concluded a contract with compatriot shipowner Mitsui O.S.K. Lines (MOL) to build two LNG-fueled ferries, the first such project in Japan.28 December 2019 Saturday 11:03

MOL Takes Full Ownership of Euro Marine Logistics JV

MOL Takes Full Ownership of Euro Marine Logistics JVJapanese shipping company Mitsui O.S.K. Lines (MOL) has signed an agreement to acquire a 50% shareholding in Euro Marine Logistics (EML) from Norwegian car carrier owner and operator Höegh Autoliners.24 December 2019 Tuesday 16:57

MOL Takes Delivery of Third LNG Carrier for Cameron LNG Project

MOL Takes Delivery of Third LNG Carrier for Cameron LNG ProjectJapanese shipping major Mitsui O.S.K. Lines (MOL) has taken delivery of Marvel Pelican, a 155,000 cbm liquefied natural gas (LNG) carrier, from compatriot shipbuilder Kawasaki Heavy Industries (KHI).13 December 2019 Friday 11:26

MOL Chemical Tankers to Co-Develop Terminal at Ulsan Port

MOL Chemical Tankers to Co-Develop Terminal at Ulsan PortSingapore-based MOL Chemical Tankers (MOLCT) has agreed to enter into a collaboration with South Korean companies Korea National Oil Corporation (KNOC) and SK Gas to develop a chemical terminal in the Port of Ulsan.16 November 2019 Saturday 10:01

MOL, SHI Win DNV GL AIP for ULCV Bow Windshield Design

MOL, SHI Win DNV GL AIP for ULCV Bow Windshield DesignClassification society DNV GL has issued an approval in principle (AIP) to Japanese shipping company Mitsui O.S.K Lines (MOL) and South Korean shipbuilder Samsung Heavy Industries (SHI) for a bow windshield designed for an ultra large container vessel (UL14 November 2019 Thursday 12:25

Four Japanese Companies Partner Up on FPSO Charter Project

Four Japanese Companies Partner Up on FPSO Charter ProjectMitsui & Co., Mitsui O.S.K. Lines (MOL), and Marubeni Corporation are to invest in a long-term charter business currently promoted by Modec for the purpose of providing a floating production12 November 2019 Tuesday 13:39

MOL: First LNG Bunkering Completed at Japanese Port of Nagoya

MOL: First LNG Bunkering Completed at Japanese Port of NagoyaJapanese shipping company Mitsui O.S.K. Lines (MOL) and compatriot gas company Toho Gas have completed the first-ever LNG bunkering in the Port of Nagoya.08 November 2019 Friday 14:05

MOL-Operated Wood Chip Carrier Delivered at Oshima

MOL-Operated Wood Chip Carrier Delivered at OshimaJapanese shipping company Mitsui O.S.K. Lines (MOL) has taken delivery of Southern Treasure, a wood chip carrier newbuilding.05 November 2019 Tuesday 15:03

Japanese Big Three Deliver Profit as Liner Business Improves

Japanese Big Three Deliver Profit as Liner Business ImprovesJapanese big three shipping companies, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK Line) and Kawasaki Kisen Kaisha (K Line), wrapped up the first half of the fiscal year 2019 with a profit.01 November 2019 Friday 10:44

Austal to Build a New Catamaran for Molslinjen

Austal to Build a New Catamaran for MolslinjenAustralian shipbuilding company Austal has received an EUR 83.65 million (USD 92.8 million) contract for the design and construction of a new 115-metre high-speed catamaran for Denmark’s Molslinjen.25 October 2019 Friday 09:55

MOL, Tohoku EPCO to Advance Study on Wind Challenger Installation

MOL, Tohoku EPCO to Advance Study on Wind Challenger InstallationJapanese shipping company Mitsui O.S.K.Lines(MOL)and compatriot electric utility Tohoku Electric Power have revealed their intention to move ahead with a full-scale joint study related to the installation of the world’s first hard sail system—Wind Challen15 October 2019 Tuesday 16:49

MOL Aiming at Safer Operation with a 360° Field of View

MOL Aiming at Safer Operation with a 360° Field of ViewMitsui O.S.K. Lines (MOL), President & CEO: Junichiro Ikeda stated that MOL has teamed up with Oki to start a joint study on the use of OKI’s new “FlyingView®” bird’s-eye view monitoring system to monitor a 360° field of view around a tugboat.12 October 2019 Saturday 14:16

MOL, Oshima Get AIP for Wind Challenger Design

MOL, Oshima Get AIP for Wind Challenger DesignJapan’s shipping major Mitsui O.S.K. Lines and Oshima Shipbuilding have jointly obtained Approval in Principle (AIP) from ClassNK for the design of a hard sail system.03 October 2019 Thursday 11:46

MOL, Novatek, JBIC Sign Russian LNG Complex Deal

MOL, Novatek, JBIC Sign Russian LNG Complex DealJapan’s Mitsui O.S.K. Lines has signed a cooperation agreement with Russian natural gas producer Novatek and Japan Bank for International Cooperation (JBIC) related to marine LNG transshipment complexes in Russia.26 September 2019 Thursday 10:14

MOL starts AI technology systems tests

MOL starts AI technology systems testsMOL announced the joint development, along with SenseTime Japan, of a new vessel image recognition and recording system, and the system’s installation for demonstration testing aboard the cruise ship “Nippon Maru” operated by Mitsui O.S.K. Passenger Line,13 September 2019 Friday 15:01

Maersk, Koole Terminals to Produce IMO 2020-Compliant Fuel in Rotterdam

Maersk, Koole Terminals to Produce IMO 2020-Compliant Fuel in RotterdamMaersk’s subsidiary Maersk Oil Trading has teamed up with liquid bulk storage operator Koole Terminals for the production of IMO 2020-compliant bunker fuel in the Port of Rotterdam.05 September 2019 Thursday 12:24

MOL, Tosyalı Holding Sign Memorandum of Agreement for Strategic Tie-up

MOL, Tosyalı Holding Sign Memorandum of Agreement for Strategic Tie-upMitsui O.S.K. Lines, Ltd (President & CEO: Junichiro Ikeda) announced an agreement with Tosyalı Holding A.S.03 September 2019 Tuesday 16:20

Five Container Shipping Giants Form Digital Collaboration

Five Container Shipping Giants Form Digital CollaborationFive container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express - intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the industry.16 November 2018 Friday 11:15

Mitsui O.S.K. Lines Launches New Large-Scale Ferry

Mitsui O.S.K. Lines Launches New Large-Scale FerryThe newly built large-scale ferry Sunflower Kirishima, operated by Mitsui O.S.K. Lines’ subsidiary Ferry Sunflower, was launched on September 15.15 November 2018 Thursday 16:53

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