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 FY2017 2nd Quarter

Car Carriers Loading ResultsAlthough the transportation volume of completed cars continued to be firm to the U.S., there are no prospects of a full-fledged recovery to the resource-producing countries and emerging countries under the current climate of sluggish resource prices. As a result of ceaseless efforts to strengthen profitability through reducing the number of ships and improving operation efficiency in response to changes in the trade pattern, the car carrier division improved profit/loss on a year-on-year basis and recorded an ordinary profit for the first six months.

Highlights & Strategy

Highlights & Strategy by Operating Segment - from Annual Report
Annual Report 2017: Product Transport Business-Car CarriersPDFPDF(141KB)

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 FY2017 2nd Quarter

In regard to the containership freight market, cargo volumes from Asia remained strong overall. On the Asia-North America routes, in particular, the highest ever cargo volumes from Asia were recorded due to the robust U.S. economy. On the other hand, upward momentum with respect to spot freight rates was limited during the busy summer season, amid a scenario where supply and demand balance did not tighten due to a growing capacity supply brought about by launches of large containerships against a backdrop of the Panama Canal expansion. On Asia-Europe routes upward momentum with respect to spot freight rates also did not materialize, despite steady cargo volumes from Asia. On the Asia-East Coast of South America routes, spot freight rates followed a downward trend beginning in August, after having remained at high levels from the beginning of spring, as a result of respective companies in the market operating extra sailings during the busy summer season in conjunction with cargo volumes from Asia marking further recovery.

Despite spot freight rates remaining lackluster across every route during the busy summer season, ordinary loss in the containership business was reduced year on year. This was a result of an increase in backhaul cargo volume from Europe to Asia, contributions generated from annual contract freight rates which had been rising upon renewals since the start of the year, and efforts geared to cutting operation costs by reducing the expenses of repositioning empty containers through improved yield management.

Capcity by Trades (Results in FY2015)

Highlights & Strategy

Highlights & Strategy by Operating Segment - from Annual Report
Annual Report 2017: Product Transport Business-ContainershipsPDFPDF(50KB)

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 FY2017 2nd Quarter

In the business of ferries and coastal RoRo ships, cargo volumes were firm reflecting the continuation of demand for ocean transportation against the backdrop of a shortage of truck drivers. Passenger transport also proceeded firmly, mainly as a result of launching a new vessel to the Eastern Japan route in May 2017. As a result, despite cancellations of multiple services because of the impact of typhoons, ordinary profit ended on par year on year.

Highlights & Strategy

Highlights & Strategy by Operating Segment - from Annual Report
Annual Report 2017: Product Transport Business-Ferries & Coastal RoRo ShipsPDFPDF(59KB)

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