Mitsui O.S.K. Lines, Ltd. engages in the marine transportation business in Japan and internationally. The company operates through Dry Bulk Business, Energy Transport Business, Product Transport Business, and Associated Businesses. Its fleet consists of dry bulk carriers for the transportation of iron ore, coal, grain, wood, wood chips, cement, fertilizer, and salt and steel products; crude oil tankers; tankers that transport refined petroleum products, such as gas oils, naphtha, and gasoline; chemical tankers that transport liquid chemical products; methanol carriers; and LPG carriers. The company's fleet also includes car carriers that transport passenger cars and construction machinery; containerships; and ferries and coastal RoRo ships. In addition, it operates container terminals; floating storage and regasification units; and floating production, storage, and offloading systems, as well as offers logistics services, such as air and ocean freight forwarding, trucking, customs clearance, warehousing, inspection, and heavyweight and oversized cargo transport, as well as buyers' consolidation. Further, the company is involved in ocean shipping related businesses comprising tugboat operation, land transport, maritime consulting, travel, office building leasing, property management, finance, trading, insurance, ICT systems, temporary staffing, supporting an oil stockpile project, nautical charts, and other businesses. As of March 31, 2021, it operated 268 dry bulkers; 280 tankers, LNG carriers, and steaming coal carriers; 60 containerships; 1 cruise ship; and 170 product transport vessels, as well as 2 other vessels. The company was founded in 1884 and is headquartered in Tokyo, Japan.

Mitsui O.S.K. Lines, Ltd.

In the more than 140 years since MOL was founded, we have continued to expand thanks to our never-ending spirit of challenge.
MOL generates added value to the goods and materials we transport via our main business, international ocean shipping.
Through ocean shipping, we contribute to the development of global industries and to more prosperous communities, which is part of our corporate social responsibility. Still, we have inherited this as the spirit of our company since our founding, and we are proud to continue in that vein.

MOL exhibited own booth in India Energy Week 2024 in Goa on 6-9th Feb, which more than 35,000 international and domestic energy professionals were projected to attend. MOL's CEO Takeshi Hashimoto participated in a panel session titled "The industry’s role in securing affordable energy access – balancing growing demand and sustainable supply" and discussed "Potential pathways for balancing growing energy supply and demand with the need to decarbonise, alongside the role of industry in meeting these dual objectives". Thank you to the moderator Simon Flowers and other panelists Arun Kumar Singh, Chairman and MD of ONGC, Mr. Gurderp Singh, Chairman and MD of NTPC, and Olivier Guerrini, VP Biogas of TotalEnergies.
We believe that we could strengthen relationships with India and partner companies through our fruitful meeting in Goa. MOL is committed to bring reliable logistics serivices to growing energy sector of India both in conventional and non conventional verticals. Thank you for all visiting our booth and happy to see you all!
Ajay Singh
Rohit Sharma

MOL Recent News Release🚢
01 : Kobe-Osaka International Port Launches Demonstration of Advanced Cargo Handling Machinery at Hanshin Port Container Terminal https://hubs.ly/Q02kBSvw0
02 : MOL Takes Stage at 5th CFAA International Symposium https://hubs.ly/Q02kBV5l0
03 : A New Onboard Microplastic Collection Device that Can Constantly Gather Microplastics while Underway, Earns ClassNK Innovation Endorsement https://hubs.ly/Q02kBQ6K0
#MOL #shipping

New Blog Posted!!
We have been unable to accurately track the trends in the dry bulk market owing to factors such as the restriction of access to the Panama Canal due to extreme weather conditions and the difficulty of using the Suez Canal due to tensions in the Middle East, both of which have forced changes in shipping routes. In this article, we will discuss cargo movements and dry bulk market trends for each ship type in 2023, and the market forecast for 2024, taking into account the Panama Canal situation, which is experiencing its worst drought in 100 years.

Review of the Dry Bulk Market in 2023 and Outlook for 2024 https://hubs.ly/Q02kBzGl0

#MOL #shipping #drybulk #market #panamacanal #suezcanal #capesize #panamax #supramax #handymax

2023 saw record-breaking temperatures across the globe, extreme weather events, and unprecedented losses to nature, people, and business. Companies have a crucial role to play in driving transformative action on climate and nature, but we can’t manage what we don’t measure.
We’re delighted to be recognized on @CDP’s A List for our leadership in environmental transparency.
Lean more : 
https://hubs.ly/Q02kl5Qj0
https://hubs.ly/Q02kl47L0
#CDPAList #MOL #shipping

Congrats to Ta San Shang Marine Co., Ltd. !!

On Monday, we covered the history of Marine Fuels, but what about the future of Marine Fuels?

Heavy fuel oil is an inexpensive and convenient fuel, but its combustion in an engine generates air pollutants such as sulfur oxides (SOx) and nitrogen oxides (NOx), and greenhouse gases (GHGs) such as CO2. For this reason, marine emission regulations have been progressively tightened for ships, as with automobile emission regulations. The shipping and shipbuilding industries are working toward the goal of zero-emission vessels, and various initiatives are underway to enable the use of new next-generation marine fuels to achieve zero emissions from ships.

Mitsui O.S.K. Lines (MOL) Group's “Wind Challenger” uses sails to utilize wind power, a renewable energy source, for propulsion of the ship. The installation of sails allows vessels to maintain the same speed while reducing their use of fossil fuels. By maximizing the installation of sails, in other words, combining the time-honored technology of sailing ships with modern state-of-the-art equipment and expertise, it’s possible to significantly reduce the fuel consumption of large cargo vessels, which in turn reduces GHG emissions.

Our “Wind Hunter Project” combines the offshore wind energy technology used in the Wind Challenger Project with stable energy utilization technology using hydrogen produced by wind energy. Through promotion of this project, MOL is studying the operation of zero-emission vessels and ways to supply hydrogen for onshore consumption, aiming to contribute to the realization of a decarbonized and hydrogen society.

Pleased to announce that MOL and JX have signed a MoU to develop a #CCS value chain between Japan and #Australia, including marine transport of CO2. The MoU focuses on the establishment of a CCS value chain by capturing CO2 emitted from ENEOS refinery and nearby various industries in Japan, transporting it by CO2 carrier to the Port of #Bonython in Australia, and injecting and storing it at the selected storage site. MOL and JX will jointly conduct the following studies:
(1) To select a liquefied CO2 carrier suitable for conditions at ports in Japan and Australia and the expected CO2 transport distance and volume, and estimation of marine transport costs
(2) To estimate the cost of the entire CCS value chain between Japan and Australia
MOL will focus mainly on item (1), while JX's role will center on item (2).
More for : https://hubs.ly/Q02j-0Dp0

#MOL #shipping #decarbonization #CCS #CCUS #LCO2 #LCO2transporation

We are so proud to be selected as the preferred shipowner to time charter out a #FSRU (Floating Storage and Regasification Unit) for the planned LNG import terminal in the Gulf of Gdańsk, Poland. Sincerely appreciated GAZ-SYSTEM, who is the project developer and operator behind the future LNG terminal. https://lnkd.in/gUTdQ8-n

"The selection of the LNG Floating Storage and Regasification Unit supplier is an important milestone in the implementation of the FSRU Program which Gaz System has pursued for many months now. In the near future, we will focus on developing the detailed terms of the so-called Time Charter Party. Further, we need to obtain all necessary corporate approvals from Gaz System's management bodies to sign the agreement with the shipowner" said Andrzej Kensbok, Vice President of GAZ-SYSTEM Management Board.
"Being selected for this strategically important project for Poland has been a great honor for MOL and we are committed to working closely with Gaz System to deliver Poland's first FSRU which would not only strengthen the energy security in Poland, but in the region in the long-term. This project also aligns with MOL's Group Vision of realizing a sustainable society through the development of social infrastructure businesses and the provision of lower emission energy. We are confident that the vast operational and technical experience we have garnered through our 140 years of history in the industry, along with our financial capability, will enhance the project and ensure a seamless, safe and efficient service is provided to Gaz System." said Toshinobu Shinoda, Senior Managing Executive Officer in charge of Europe and Africa region, Mitsui O.S.K. Lines, Ltd.

#MOL #shipping #offshoreterminal

Do you know the history of Marine Fuels?

Ocean transport using ships has been around since ancient times. Fuels and propulsion systems have come and gone, and transport capacity has been improved with modernization, but today, efforts to reduce environmental impact are accelerating. Let’s take a look at how fuels have changed over the years.

Before fuel was used as a source of power to move ships, mariners relied on wind for propulsion. In the 15th century, large sailing ships, called carrack ships, were built mainly in Spain and Portugal, and in 1492, Columbus crossed the Atlantic Ocean on the Santa Maria. And from 1519-22, Magellan’s Victoria completed a circumnavigation of the world. Sailing ships continued to develop, opening up new horizons of exploration and trade.

In the 1800s, the Industrial Revolution brought steam engines and coal-fueled steamships gradually became popular. In 1807, the Clermont, an outer-wheel steamboat, began commercial service carrying passengers between New York City and Albany on the Hudson River. In 1878, 25 years after the arrival of the “black ships” in Japan, Mitsui O.S.K. Lines built its first steamer, the Hideyoshi Maru, to transport coal produced in the Miike coal mine.

In the 1900s, oil superseded coal as the mainstream marine fuel. Oil has a higher energy density than coal, meaning more energy can be gained from the same volume. This meant less onboard space had to be devoted to fuel storage, so ships could carry more cargo. It also eliminated the need to constantly shovel coal into the boilers, reducing the number of crewmembers needed. Since the 1950s, a fuel called marine heavy fuel oil, made up largely from residues generated in the oil refining process, came into wide use, and remains the mainstream marine fuel to this day.

Tune in on Wednesday to read about the future of Marine Fuels!

QUIZ: What is the middle part of a ship called?
① Amidships
② Stern
③ Bow

Check the comment section next Friday for the answer!

9104

JP:CO:MOL

Mitsui O.S.K. Lines, Ltd.

Last Close

5,480.00

21/11 06:45

Market Cap

1.79T

Beta: -

Volume Today

2.97M

Avg: -

People Not Available