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.

21 Oct 2016
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
02 Mar 2015
MOL on Monday confirmed orders and charters for six 20,150-TEU vessels that catapults the Japanese carrier into the ranks of the operators of the world’s largest container ships.
05 Jan 2015
With MOL’s container business in the red and performing worse than the other Japanese carriers, the company’s president in New Year’s message said 2015 would be a “counteroffensive year” in which it would get more aggressive in cost-cutting.
11 Dec 2014
Hapag-Lloyd is conferring with its partners in the G6 Alliance on plans to order larger container ships in the next year, but even as it does so the need for bigger ships may be changing because of the recent drop in bunker fuel prices.
05 Dec 2014
Two carriers announced general rate increases targeting trans-Atlantic shipments to the Port of New York-New Jersey.
03 Dec 2014
Citing congestion, the G6 Alliance will omit eastbound calls at the Port of Los Angeles for four straight weeks, starting Jan. 1
01 Nov 2014
The three largest Japanese container lines, MOL and “K” Line and NYK Line, all reported improved container shipping revenues in the six months from April through September but saw profits go in different directions. The results showed the effects of limited improvement in Asia to Europe rates but revealed challenges in port congestion in Asia and cascading of larger ships into north-south trades as mega-vessels are delivered into Asia-Europe.