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.
20 Oct 2015
The G6 Alliance plans to omit sailings from Asia to the Mediterranean and North Europe in November and December in response to expected low demand.
09 Oct 2015
Japan’s Mitsui O.S.K. Lines may incur a group net loss in the first half of fiscal 2015, which started in April, due to an extraordinary charge resulting from the collapse of Daiichi Chuo Kisen Kaisha, a mid-size domestic peer and equity-method affiliate.
04 Sep 2015
Mitsui O.S.K. Lines is testing a container ship windshield that the Japanese carrier hopes will reduce wind resistance, save fuel, and reduce carbon dioxide emissions by an average of 2 percent.
18 Aug 2015
Several Asia-Europe container lines have announced Sept. 1 general rate increases of up to $1,000 per 20-foot-equivalent unit despite a persistently weak market that has undercut monthly GRIs all year.
31 Jul 2015
Japan’s three largest container lines saw their net profits surge in the first quarter of fiscal 2015, buoyed by brisk container traffic volume from Asia to the United States as well as a weaker yen and lower fuel prices.
30 Jul 2015
Mitsui OSK Lines this week said it is launching a barge terminal operation company in Bangkok aimed at moving goods more speedily and efficiently from Thailand's gateway port of Laem Chabang to the capital of Bangkok.
17 Jul 2015
Mitsui O.S.K. Lines’ Spring Zephyr pulled three people from the seas off the coast of the Philippine island of Mindanao.
23 Jun 2015
The new head of MOL Line said its container line will cooperate more with its nine terminals in order to boost profitability after losses from its liner business deepened to 9.5 billion yen ($76.6 million) last fiscal year.
18 May 2015
Maersk Line has entered into a vessel sharing agreement with Mediterranean Shipping Co, its 2M alliance partner, and Japan’s Mitsui OSK Lines (MOL) on the Asia to East Coast of South America trade route.
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.
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.”
Ocean carrier rate revision roundup for Aug. 29
29 Aug 2014
Several container lines have planned general rate increases in trade lanes in the next two months, but any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Maersk Kampala
29 Aug 2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis.
25 Aug 2014
The market for container terminals in the U.S. is being helped by cheap prices, low risk, and the advent of automation, according to the latest newsletter from industry analyst Drewry Maritime Research.
CMA CGM was correct in saying its PEX3 service had the fastest transit time from Yantian to Los Angeles at 13 days.
11 Aug 2014
It is becoming increasingly difficult for a shipper to determine which carrier in the eastbound trans-Pacific has the fastest transit time between two given ports, according to a new analysis from SeaIntel, a consulting firm.
Ocean carrier rate revision roundup for August 8
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.
01 Aug 2014
The G6 Alliance is performing abysmally compared with its competitors when it comes to schedule reliability, according to a new SeaIntel report.
01 Aug 2014
More than a year after the container ship MOL Comfort and its 4,382 containers sank in the Gulf of Aden, shippers are watching developments in a Japanese court and awaiting a classification society’s report on the sinking.
31 Jul 2014
Mitsui O.S.K. Lines Ltd. reported a sharp deterioration in its container-shipping financials for its fiscal first quarter ending on June 30th and said that rates during the remainder of its year would not recover to the degree it had projected.
31 Jul 2014
Interim result season is in full swing, and the financial reports reveal carriers in the container-shipping industry searching for a silver lining.
30 Jul 2014
Despite managing to restore profitability in the past year, MOL president Koichi Muto said the company’s container division continues to lose money and can’t recover without massive changes.
02 Jul 2014
DP World London Gateway has gained its fifth service since opening in November 2013, following Hapag-Lloyd and Mitsui O.S.K. Lines’ merger of their Europe-West Africa joint services.
09 Jun 2014
Container shipping veteran Richard “Dick” Craig was promoted to CEO of Mitsui O.S.K. Lines, Ltd. America on June 9.
08 May 2014
MOL Liner, Evergreen Line and Cosco Container Lines plan to launch a direct weekly service from Asia to West Africa in June.
01 May 2014
A temporary space shortage on the trans-Atlantic is looming thanks to implementation of the G6 Alliance in that trade lane.
Ocean Carrier Rate Revision Roundup for April 11
11 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
03 Apr 2014
WASHINGTON – The U.S. Federal Maritime Commission yesterday unanimously voted to allow the G6 Alliance to expand into the Asia-U.S. West Coat and trans-Atlantic routes.
18 Mar 2014
Wallenius Wilhelmsen Logistics today was fined ¥3.5 billion (about US$34.6 million) by the Japanese Fair Trade Commission for participating in a cartel...
Port of Shanghai
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
20 Feb 2014
The six members of the G6 – Hapag-Lloyd, NYK Line, OOCL, Hyundai Merchant Marine, APL and Mitsui O.S.K. Lines – today released details on the port rotations...