Mitsui O.S.K. Lines

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.

26 Sep 2014
Japan’s ClassNK plans to share findings of its investigation of last year’s sinking of the container ship MOL Comfort, which an official of rival classification society DNV GL criticized as having a “non-robust design.”
15 Jan 2014
The U.S. Federal Maritime Commission today requested more information from the G6 Alliance of ocean carriers on their plans to share vessel space and cooperate more closely on trade routes between Asia and the U.S. West Coast and between Europe and the U.S. East Coast.
09 Jan 2014
The Japan Fair Trade Commission (JFTC) has decided to impose fines on some shipping firms for allegedly violating the antitrust law in transporting automobiles.
09 Dec 2013
The G6 Alliance laid out an aggressive blueprint for expanding in the U.S. market, saying it could establish a joint operations center similar to the P3 alliance and could jointly negotiate for terminal space, shipbuilding, as well as barge, transshipment and other services.
Thumbnail for G6 v P3 infographic
05 Dec 2013
The G6 Alliance is taking steps to counter the planned P3 Network in a battle for east-west dominance.
Hapag-Lloyd vessel
03 Dec 2013
The G6 Alliance unveiled plans to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world’s three largest carriers, Maersk Line, Mediterranean Shipping Co. and CMA CGM.
Empty containers
25 Nov 2013
The largest ocean carriers sharply increased their market share at the expense of their smaller rivals in the third quarter, according to Drewry Maritime Research.