MOL News Highlights for 2016
- 'One Target, One MOL' -

[ Moving ahead with Reforms ]

• Implementing 'Business Structural Reforms'

  ‧ Significant downsizing of market exposure in Dry Bulkers

  ‧ Recording an impairment loss on owned vessels, route rationalization, and fleet optimization in the containership business

  ‧ Developing and executing a single-year management plan to promote structural reforms in place of the midterm management plan STEER FOR 2020

• Agreement to integrate container shipping business with 'K' Line and NYK and start operation in April 2018 (October)

[ Strengthening Sales Capabilities by Promoting 'One MOL' ]

• Establishing Dry Bulk Business Unit and Energy Transport Business Unit (February)
• Appointing Chief Country Representatives for nations in Asia, Middle East, and Oceania, as well as Mexico and Brazil (April, December)

[ Strengthening Sales Capabilities by Differentiation ]

• Launching 'ISHIN NEXT – MOL SMART SHIP PROJECT' (November)
  - Enhancing business capabilities and increasing corporate value -
• Establishing New Smart Shipping Office (December)
• Trial use of big data onboard an in-service vessel to promote growth of maritime cluster (February)
• Cooperating with Yokohama National University to launch a joint study on practical use of AI to analyze big data for ocean shipping (August)

[ Dry Bulker Business Unit ]

• Wood chip carrier C.S. Bright delivered - featuring environment-friendly specifications (January)
• Naming ceremony for Iron ore carrier Shinzan Maru held - environment-friendly/safety-conscious next-generation vessel (November)
• Anticipation of reaching target for downsizing of market exposure as a part of Business Structural Reforms

[ Energy Transport Business Unit ]

• Delivering LNG carriers built in China (April, October)
• Participating in coastal LNG shuttle transport project in Indonesia (May)
• Concluding long-term charter contract for Uruguay LNG FSRU project (July)
• Delivery of 3 methanol carriers equipped with methanol/heavy oil dual-fueled engines (April, September, November)
• Concluding a contract for ocean transport with Shikoku Electric Power Co., Inc. - ordering a cutting-edge vessel to succeed the coal carrier Tachibana - (October)
• Delivery of world's first very large liquefied ethane carrier - participating in liquefied ethane transport (November)
• Entering the subsea support vessel business, providing capability to install subsea facilities in deep-sea oil/gas fields (November)

[ Car Carrier Business ]

• Finalizing new hull design for the FLEXIE next-generation series of car carriers (April, November)

[ Containership Business, Port/Logistics Business ]

• Announcing establishment of THE Alliance by six companies (May)
• Upgrading Asia/South America East Coast service (February)
• MOL Logistics: Subsidiary in Myanmar starts operation (May)
• TraPac Los Angeles: Automated loading/unloading operations proceeding smoothly; installation of on-dock rail facility completed (October)
  

[ Ferry/Coastal RORO Ships, Associated Businesses ]

• MOL Ferry: Announcing plan to enhance Tokyo/Karita route services with newbuilding RORO ships (October)
• MOL Passenger Line: First co-sponsorship of 'Setouchi International Art Festival 2016' cruise with Mitsui Fudosan (October)
• Daibiru: Shin Daibiru Restaurant & Shops fully open (May)

• Breaking ground on new maritime academy in Philippines (March)
• 'MOL Body FIT Exercise' program receives 'MILT Best Practice Award for Seafarers' Onboard Safety, 2016' (October)
• Receiving Marine Engineering of the Year award for methanol burned dual-fueled low-speed diesel main engine (July)

• 'Marine Day' event: Car carrier tour held, about 200 families participate (July)
• Holding events as a part of 'Sea and Japan Project' nationwide (Tokyo, Yokohama, Oita, etc.)
• Supporting people afflicted by Kumamoto earthquake (April)
• Efforts to aid quake-stricken areas of Ecuador (June)
• Cooperation on international transport of:
  ‧ Fire engines to Paraguay (January)
  ‧ Used wheelchairs for children to Philippines (February)
  ‧ Mobile library vehicles to South Africa (March)
  ‧ Sporting goods to Ghana (November)
• First company in ocean shipping industry to receive SMBC Nadeshiko Loans (January)