Mitsui O.S.K. Lines (MOL), the largest and oldest of Japan’s international ocean carrier companies, has got the green light for four LNG-powered 20,000 TEU container-ships that have been under construction with Samsung Heavy Industries (SHI).
DNVGL, a registrar and classification society headquartered in Germany, has approved plans for the series of container-ships.
Global regulations on […]
On April 01 ‘THE Alliance’ of Hapag- Lloyd, ‘K’Line, MOL, NYK and Yang Ming, will launch 32 liner services to 75 major ports on trade lanes connecting Asia with the Indian Subcontinent, Middle East, Europe, North and Central America and the Caribbean.
And reminded of the sudden demise of Hanjin Shipping last August, they have […]
The Federal Maritime Commission (FMC) has concluded its review of the proposed “THE Alliance” agreement, allowing it to become effective on December 19, 2016.
“I am very cognizant of the concerns industry stakeholders had regarding provisions in this agreement, particularly those related to information sharing and joint procurement,” stated Federal Maritime Commission Chairman Mario Cordero. […]
The major Japanese carriers NYK, MOL and “K” Line agreed to merge their container divisions, forming a brand new shipping company. The combined company will operate a fleet of 110 vessels with 1.4 million TEU, making it the fifth largest container line in the world. The decision was taken among crisis in the industry with […]
From the Maritime Herald:
TraPac, which is port operator subsidiary of Mitsui O.S.K. Lines (MOL), will double capacity of its marine terminal at Port of Oakland. The company reached an agreement with the port authorities for acquisition of another two berths and additional 57 acres of land for 14 years, which will double the capacity […]
Striking dockworkers at the Port of Santos, Brazil.
From Journal of Commerce:
Angry dockers in Santos that are disrupting operations at four Santos container terminals have stepped up their rhetoric ahead of a decision from a regional labor court by claiming foreign workers are handling cargo.
A statement from a lawyer representing Sindestiva said […]
”Our goal in the FBI is to expose the back room deals and secret handshakes and to stop the culture in some businesses that allows these crimes to take place,” said special agent Steve Vogt after Toru Otoda, a ‘K’ Line executive, was sentenced to 18 months in US prison and fined USD20,000 in […]
The Federal Maritime Commission has received a Class Action Complaint filed by Cargo Agents, Inc., International Transport Management, Corp., and RCL Agencies, Inc. against some of the world’s top vehicle transport services providers.
The complaint filers are purchasers of vehicle carrier services and allege that the some of the largest providers of deep-sea vehicle transport, […]
Japan’s three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.
MOL, NYK Line and “K” Line reported their financial results for the first half of 2015, which started in April, revising […]
Maersk Line has announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui OSK Lines (MOL) on the Asia to East Coast of South America trade.
The news comes days after Maersk Line revealed it had turned in its best-ever first quarter result, with profit up 57.1 per […]
The first big event of the year will be the February rollout of the world’s first fully automated container terminal in Rotterdam, which threatens to unleash a rate war across the Le Havre-Hamburg range as carriers leverage the added capacity to beat down handling charges.
Europe’s ports face a rocky ride in 2015, dominated […]
Mitsui OSK Lines (MOL) appears to have sealed its plans to order 20,000 teu containerships, the largest yet to be built.
Commenting on the containership business in his New Year message MOL president Koichi Muto said: “As far as the structural problem our containership division faced, we have already taken steps to reform the business, […]
AP Moller Maersk, Mediterranean Shipping Company and CMA CGM Group have emerged as leaders in the global shipping business on the global ranking for shipping liners based on their market share as well as the twenty-foot equivalent units (TEUs) capacity of containers they handle.
According to alphaliner.com, APM-Maersk, which took the first position, handles about […]
MOL’s news release expresses confidence in a projected increase in automobiles manufactured in Mexico.
Mitsui O.S.K. Lines, Ltd. has announced that it started new car carrier services that transport vehicles produced in Mexico to ports in NAFTA region.
Around 3 million vehicles were produced in Mexico in 2013, about 80% of which were exported. As […]
The G6 Alliance has received the go-ahead from the US Federal Maritime Commission (FMC) to expand its current geographic scope to allow its members: APL, Hapag Lloyd, Hyundai Merchant Marine, MOL, NYK, and OOCL, operational cooperation in the trades between the Far East and the US West Coast, and between North Europe and all US […]