MOL (Mitsui O.S.K. Lines)

12-December-2019

Tokyo listed Japanese shipping giant MOL (Mitsui O.S.K. Lines) ordered two (2) 89K DWT coal carriers at Oshima Shipbuilding, Japan. MOL (Mitsui O.S.K. Lines) calls new coal carrier EeneX series design as next-generation coal carriers. Two (2) coal carriers have been ordered on the back of long-term contracts with Japanese power plants Hokuriku Electric Power Co and Electric Power Development Co. EeneX series coal carriers were designed in pursuit of the optimal coal carrier for electric power plants in Japan. EeneX series coal carriers will play a leading role in the coal carrier business. EeneX series coal carriers price tags and delivery dates were not disclosed. EeneX series coal carriers will be constructed with a double-hull structure which allows the cargo holds to have completely flat sides, semi-box shape hold, which will increase discharge efficiency and speed up cargo handling. Furthermore, EeneX series coal carriers’ design has also eliminated the ballast hold, which on conventional coal carrier designs are sometimes filled with ballast water to maintain the ship’s stability during ballast voyages. According to MOL (Mitsui O.S.K. Lines), EeneX series coal carriers’ design will save the effort of preparation time for ballasting into cargo holds and reduces the risk of salt and rust contamination due to rust.

15-July-2019

In January 2019, Japanese shipowner MOL (Mitsui O.S.K. Lines) ordered another bulk carrier newbuilding at Yangzijiang Shipbuilding to its growing bulk carrier fleet. Previously, MOL (Mitsui O.S.K. Lines) ordered 8 kamsarmax 82K DWT newbuilding bulk carriers at Yangzijiang Shipbuilding. Including the latest deal which brings the total number of such ships, it has on order to nine (9) bulk carriers. MOL (Mitsui O.S.K. Lines) latest newbuilding is said to be a sister-ship to the earlier eight (8) kamsarmax 82K DWT newbuilding bulk carriers. International Maritime Organization (IMO) Tier II new-buildings kamsarmax bulk carriers are said to be costing around $27 million each. Yangzijiang Shipbuilding will start delivering all kamsarmax new-buildings in 2020. Mitsui & Co will continue to place more newbuilding orders at Yangzijiang Shipbuilding because Mitsui and Yangzijiang Shipbuilding have entered into a joint venture with Japanese shipyard Mitsui Engineering & Shipbuilding (Mitsui E&S) to create an Asian shipbuilding powerhouse. New joint venture will rent Yangzijiang’s Taicang Shipyard. Mitsui and Yangzijiang joint venture is aiming ­annual sales of $713 million at the Taicang Shipyard within five years. Furthermore, a new joint venture is planning to eventually break into the tanker and LNG markets. Taicang Shipyard does not have a dry dock but a new joint venture is planning to build one.

20-February-2018

Japanese dry bulk shipowner and operator MOL (Mitsui O.S.K. Lines) ordered 3 supramax dry bulk carriers 52K DWT at Japanese shipyard Oshima Shipbuilding. MOL (Mitsui O.S.K. Lines) ordered 3 supramax dry bulk carriers that will be delivered in 2021. It has been 2 years since Tokyo based MOL (Mitsui O.S.K. Lines) ordered a ship last time. Three (3) supramax dry bulk carriers will be built to Nox Tier III specifications. Furthermore, three (3) supramax dry bulk carriers will meet the upcoming 2020 IMO (International Maritime Organization) limits on sulfur emissions. 52K DWT bulk carrier new-buildings built to NOx Tier III specifications are priced around $24 million each in Japanese Shipyards.

Japanese dry bulk shipowner and operator MOL (Mitsui O.S.K. Lines) has a fleet of 60 chartered and owned dry bulk carriers in the handysize sector. MOL (Mitsui O.S.K. Lines) has been attempting to scale down its dry bulk operation and reduce its risk. In Q3 2017, MOL (Mitsui O.S.K. Lines) reported a profit of JPY 11.2 billion.

16-February-2016

Japanese-controlled cape-size bulkers entered the sale-and -purchase (S&P) market this week. 2005 built capesize bulk carrier M/V Bulk Singapore 177K DWT from Ce­leste Holding has been inspected by a number of potential buyers. Another Japanese owner, Shunzan Kaiun is understood to have put the 2010 built capesize bulk carrier M/V Spring Zephyr 180K DWT on the sales block. Japanese owners MOL (Mitsui O.S.K. Lines) is seeking a buy­er for 2009 built capesize bulk carrier M/V Golden Hope 176K DWT in today’s poor market.