Mitsui O.S.K Lines

MOL and Pacific International Lines have announced a new joint Indian Ocean Islands Express Service.

The marine freight transportation industry’s revenue is expected to reach $411.6 billion by 2017, according to Luctinel’s “Top 5 Global Marine Freight Transportation Service Companies: Performance, Strategies and Competitive Analysis” report.

Mitsui O.S.K. Lines has revamped its Pacific Southwest Express, PSX, service deployment to provide additional port coverage at Kobe, Japan.

The Federal Maritime Commission’s commissioners have voted to allow a new agreement with the G6 Alliance to go into effect, permitting the six carriers to deploy more than 50 ships in the trans-Pacific trade, particularly increasing the frequency of vessel port calls on the U.S. East Coast.

“K” Line, Shell, BP, Maersk, Stena, NYK and MOL are jointly collaborating with the United Nations Development Programme to support capacity building projects and job creation in Somalia.