Mitsui O.S.K. Lines (MOL)

Mitsui O.S.K. Lines (MOL)

31 Oct 2019
Despite reporting a profitable second quarter, the Japanese container carrier has reduced its full-year earnings forecast by nearly one-third, citing concerns over a worsening global economic environment and an expected increase in bunker costs.
06 Dec 2016
The original language would have expanded the antitrust immunity of container shipping alliances.
29 Nov 2016
US Federal Maritime Commission member William Doyle said the FMC should be “very cautious” about allowing container lines to use their alliances’ antitrust immunity to deal collectively with US service providers.
08 Nov 2016
THE Alliance on Tuesday announced details of its network of routes and port calls.
08 Nov 2016
Eager to avoid the fate of neighboring South Korea’s Hanjin Shipping, Japan’s Big Three shipping companies are lobbying the government for favorable tax and budgetary measures.
01 Nov 2016
For decades, the Japanese lines have competed fiercely for their share of the container market, but that has ended with the agreement to merge liner operations.
31 Oct 2016
Synergies can be obtained through a single operating unit.
31 Oct 2016
A merged NYK Line, “K” Line, and MOL would be the dominant mover of containerized goods from Asia to the United States if operations were to begin today.
31 Oct 2016
Japan’s Big Three container lines downgraded their full-year earnings forecasts and said they expected record losses as their fiscal first-half results illustrated the financial difficulties that motivated their Monday announcement they would merge.
31 Oct 2016
With no turnaround for container shipping in the foreseeable future, the three largest Japanese shipping companies are merging.
30 Oct 2016
Three Japanese lines seek scale benefits in move to merge container divisions.
21 Oct 2016
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
23 Aug 2016
No surprises as a weak October encourages G6 to withdraw sailings on major east-west trades.
Incheon Port, pictured, in the first half recorded its largest ever throughput for a half-year period with 1.24 million TEUs.
22 Aug 2016
The new CC1-CC2 was made from the merging of two Asia-North America West Coast Central China products into a new Central China Combo service.
08 Aug 2016
Rickmers Maritime said its charter fleet faces even tougher times ahead following the opening of the widened Panama Canal as its second-quarter loss more than tripled and its charter revenue was down more than a third from a year earlier.
04 Aug 2016
The credit ratings company Moody’s has downgraded MOL and is reviewing the rating of NYK Line.
29 Jul 2016
Japan’s three largest container warned of even worse financials than originally expected after reporting deep losses thanks to overcapacity.
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.
29 Jan 2016
Japan’s three largest container lines significantly downgraded their earnings forecasts for the current fiscal year ending on March 31, with Mitsui O.S.K. Lines now expecting a sizable net loss of 175 billion yen ($1.45 billion).
18 Jan 2016
Mitsui O.S.K. Lines, Wan Hai Lines, Interasia Lines and Pacific International Lines are expanding their current cooperation in trades to and from India by introducing a new intra-Asia loop, dubbed the China-West Coast India, or CIS, starting at the end of February.
13 Jan 2016
A class-action complaint filed with the U.S. Federal Maritime Commission seeks damages for alleged shipping act violations by 10 roll-on, roll-off carriers already entangled in criminal and civil price-fixing investigations.
04 Jan 2016
There will be no sustained recovery in the dry bulk or container shipping sectors this year amid overcapacity in the industry and slowing demand for raw materials from China, said "K" Line president and CEO Eizo Murakami.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
26 Nov 2015
Mitsui O.S.K. Lines, one of Japan’s three largest shipping firms, is thinking of withdrawing from the Asia to east coast of South America trade.
09 Nov 2015
In the latest sign of its recovery from 2011’s earthquake and tsunami, the Port of Sendai-Shiogama in northeast Japan has begun a new regular container service to the Port of Vladivostok in Russia’s Far East.