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 3rd Quarter

Car Carriers Loading ResultsAlthough the transportation volume of completed cars continued to be firm to North America, Asia and Oceania, there are no prospects of a full-fledged recovery to the resource-producing 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 nine 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 3rd Quarter

On the Asia-North America routes, demand continued to proceed firmly as cargo volumes from Asia reached a record high. On the other hand, upward momentum with respect to spot freight market was limited, even during the busy summer season, as the supply and demand balance did not tighten due to increased vessel supply as a result of the deployment of new containerships, etc. On Asia-Europe routes also, upward momentum with respect to spot freight rates was marginal despite the highest ever cargo volumes from Asia. The backhaul cargo volumes from Europe to Asia have also increased since the beginning of the year, which led to a rise in the spot freight market and greatly contributed to route profitability. On the Asia-East Coast of South America routes, cargo volumes from Asia entered a recovery track with full swing, which has led to the spot freight market proceeding in the high value range from the beginning of spring. Although there was a temporary drop in the spot freight market in part due to increased supply as a result of respective companies in the market allocating temporary vessels, the spot freight rates rose again from October to high levels.

Under this business environment, and thanks also to the contribution from annual contract freight rates that have risen upon renewals since the start of the year and efforts to cut operation costs by reducing the expenses of repositioning empty containers through improved yield management, the ordinary loss in the containership business was reduced year on year.

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 3rd Quarter

In the business of ferries and coastal RoRo ships, the demand for freight transportation continued firmly due to the advancement of the modal shift. However, ordinary profit decreased year on year as a result of an increased number of cancellations of services due to typhoons, ship trouble and so forth in the third quarter.

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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