Product Transport Business

Japanese

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Car Carriers

Our car carrier segment offers outstanding quality and highly competitive services, with a wealth of automobile transport experience and knowledge accumulated over many years and a strong emphasis on the safe transport of our cargoes. We are proud to have the world's first hybrid car carrier, which is designed to operate with zero emissions while berthed.



Business Performance of FY2018 1st Quarter

Car Carriers Loading ResultsTransportation volume of completed cars remained firm with respect to shipments bound for the U.S. and Europe, and also with respect to those departing from South Africa and Europe. Meanwhile, ordinary loss deteriorated year on year given inefficient operations originating with quarantine problems on some routes, which were special factors during the first quarter.

Highlights & Strategy

Highlights & Strategy by Operating Segment - from MOL Report
MOL Report 2018: Product Transport Business-Car CarriersPDFPDF(184KB)

Containerships

Today's containerships transport a wide variety of cargoes - from completed products, parts and components, raw materials, to foods, and other general consumer products. This sector continues to see steady growth in step with the development of international outsourcing and rising global population. Our major trade takes place on Trans-Pacific and Asia-Europe routes, and through an international alliance between 6 carriers, we continue to provide high frequency and quality services. We also offer stable, reliable services on trades serving emerging nations in Asia, South America, and Africa, using an extensive network developed during our long history of liner operations.

Business Performance of FY2018 1st Quarter

Containership joint-venture company Ocean Network Express Pte. Ltd. (ONE), a company established through the integration of the containership businesses of MOL, Kawasaki Kisen Kaisha, Ltd. and Nippon Yusen Kabushiki Kaisha, started operations in April this year, as planned. However, ONE’s business performance was less than forecasted in the first quarter, as lifting was below the projection largely due to disorder in the services to customers during the start-up period, and higher fuel prices negatively impacted operating costs. Nevertheless, ordinary loss for the segment improved compared with the corresponding period of the previous fiscal year due partly to an effect of recording provisions in the fourth quarter of the previous fiscal year for business restructuring loss related to vessels’ chartering, etc.

Capcity by Trades (Results in FY2017)

Highlights & Strategy

Highlights & Strategy by Operating Segment - from MOL Report
MOL Report 2018: Product Transport Business-ContainershipsPDFPDF(70KB)

Ferries & Coastal RoRo Ships

MOL's three major ferries and coastal RoRo ships companies (MOL Ferry Co., Ltd., Ferry Sunflower Ltd., Meimon Taiyo Ferry Co., Ltd.) link major consumer markets and industrial zones across Japan, offering efficient, comfortable, and reliable services for passengers and cargo alike.

As concerns mount over the environment, our ferries and coastal liners are in the vanguard of the Japanese government's Modal Shift program, which encourages the use of ships and railways as a green alternative to truck transport. Our passenger transport services emphasize convenience and comfort, under the catchphrase "Let's Stay Aboard."(*)

(*)We offer new services such as "Dangan(bullet) Ferry" , arriving destination in the early morning and departing at night without any stay.

Business Performance of FY2018 1st Quarter

The business of ferries and coastal RoRo ships secured revenue on par year on year. This was partially a result of cargo volume having remained firm since the previous fiscal year as a result of accelerated modal shift, which reflects changes in the trucking labor situation in Japan such as shortage and aging of the workforce, and tighter labor controls. It was also a result of having attracted passengers through aggressive promotion of the concept of casual cruises in passenger transportation. Nevertheless, ordinary profit decreased year on year in part due to cancellations of services on some routes stemming from long-term dry docking as a result of ship defects, and also due to higher bunker prices.

Highlights & Strategy

Highlights & Strategy by Operating Segment - from MOL Report
MOL Report 2018: Product Transport Business-Ferries & Coastal RoRo ShipsPDFPDF(107KB)

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