Mitsui O.S.K. Lines

MOL, or Mitsui O.S.K. Lines Ltd., is an international shipping company based in Tokyo, Japan. Created after a 1964 merger, MOL owns a fleet of container ships, bulk carriers, tankers, LNG carriers and other vessels. MOL also offers logistics services and technology services and operates ferries and coastal liners.

MOL posted revenues of US$16.05 billion in 2013-- down 8.1 percent on a year-on-year basis. The company recorded a net loss of $1.9 billion, up 83.4 percent from the previous year’s net loss of $316.4 million.

MOL was the 14th-ranked container carrier in U.S containerized import trade in 2013, with volume of 662,069 TEUs, up 13.9 percent year-over-year, giving it market share of 3.7 percent. It was No. 15 in U.S. containerized export trade in 2013, with volume of 370,562 TEUs, up 5.3 percent year-over-year and market share of 2.9 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
The MOL Benefactor passes through the enlargened Panama Canal on its way to the Port of New York and New Jersey.
07 Jul 2016
This week’s arrival of the largest ship ever to dock at the Port of New York and New Jersey is bringing into focus the challenges the port faces in adapting to an era of fewer, but larger ships.
23 May 2016
Though a recently formed container line alliance appeared to be hastily thrown together, it is planning an extensive and trouble-free integration of its fleet.
20 May 2016
The Port of Jacksonville is bullish on its growing Asian import trade, but success hinges on keeping a key Asian terminal operator in town.
THE Alliance Mitsui O.S.K Lines, NYK Line, "K" Line, Hanjin Shipping , Hapag-Lloyd and Yang Ming Line
13 May 2016
The line up of the new alliance aimed at competing with the 2M and Ocean Alliance has been announced.
10 May 2016
Mitsui O.S.K Lines and Wan Hai Lines have joined forces for a new intra-Asia service.
09 May 2016
The credit ratings agency Moody’s has downgraded the credit of "K" Line and is reviewing that of Mitsui O.S.K. Lines as two of Japan’s top three container lines struggle against unfavorable market conditions.
28 Apr 2016
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.
31 Mar 2016
Container lines in the G6 Alliance have canceled additional sailings on Asia-Europe routes where demand has been slack and rates have plunged to rock-bottom levels.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
04 Feb 2016
Two of Japan’s big three shipping lines sailed into the crosshairs of Moody’s ratings agency, with the outlook of Mitsui O.S.K. Lines being reviewed to negative and K Line heading for a downgrade as weaker than expected profitability clouded their 2016 prospects.