Large ships to expand MOL box fleet

Large ships to expand MOL box fleet

MOL said it will add 12 new post-Panamax containerships to its fleet, to serve in East -West trades and Asia to Europe.

The company said four 8,100-TEU containerships will be built by Mitsubishi Heavy Industries, for delivery in 2007-08.

Eight 6,350-TEU post-Panamax ships will be built by Imabari Shipbuilding. Four of the ships will be delivered in 2005, two in 2006, and two in 2007-08.

When the new ships are delivered, MOL said it will have 13 container ships in the 6,350-TEU range. These ships will serve as the core of the company's liner fleet on East-West services. The 8,100-TEU ships will serve Asia-Europe routes. The Tokyo-based company said it would finalize details of the deployment plan after reviewing trade and market conditions.

With this expansion, MOL said its fleet would consist of 25 post-Panamax container ships by 2008, with a total fleet size of 77 vessels, including those already in operation.