Mitsui O.S.K. Lines
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Bulkships Dry Bulkers
Update: 6/2/11

We operate the world's largest fleet of dry bulkers, including iron ore and coking coal carriers, general cargo carriers, wood chip carriers, and steaming coal carriers. In fiscal year 2011 and beyond, we continue to offer a wide variety of vessels to meet an ever-changing economic and business climate, and shifting demands. We also strive to ensure strong, sustainable earnings growth by reaching an optimum balance of mid- and long-term contracts and spot contracts.

<Business Performance during FY2010>
In the dry bulker market, the Cape-size bulkers' hire rate fluctuated extremely. For example, after hitting its highest in June at above US$59,000, it plummeted as low as the US$12,000 level in July. Then, in the third quarter of FY2010, a rise in activity of iron ore exported from Brazil, a long-distance source, and other factors led to the market rebounding to the US$25,000 to US$45,000 range. However, upon entering the fourth quarter of FY2010, the market was affected by floods that occurred in eastern Australia in December, terminal equipment maintenance at various ports in Brazil, and a cyclone in western Australia, causing a significant decrease in cargo trade in January and February 2011, and the rate to temporarily go as low as US$4,000 level. Although cargo trade recovered in March, it still has not achieved a full-scale recovery...more

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MOL Data Go to Related Press ReleaseGo to Industry Data
Consolidated Revenues Breakdown
(Result in FY2010)
Major MOL Group Companies
  Company name Location Homepage
Consolidated Mitsui O.S.K. Kinkai, Ltd. Japan http://www.mokinkai.co.jp/
Accounted for by
equity method
Gearbulk Holding Ltd. Bermuda http://www.gearbulk.com/
Daiichi Chuo Kisen Kiasha Japan http://www.firstship.co.jp/
MOL web site "MOL Services : Bulk Shipping Service"
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Related Press Release
Coal and Iron Ore
1/19/12  MOL Jointly Develops Portable Liquid-level Gauge for Fuel Tanks - World's First: Reducing Workload and Improving Safety during Bunkering -
11/24/10  MOL, Vale Sign Long-term Transport Contract for 2 VLOCs
1/6/10  MOL to Boost Investment in Gearbulk
10/21/09  MOL Signs a Contract for Long-term Transport of Iron Ore with Jiangsu Shagang Group in China
10/20/09  MOL Strengthens Ties with China's Baosteel
7/10/09 MOL, Rio Tinto Sign Iron Ore Transport Deals
8/5/08 MOL Launches 320,000 dwt Iron Ore Carrier Tubarao Maru
7/4/08 300,000-dwt Iron Ore Carrier Nova Era Completed
5/13/08 MOL to Build 53 New Iron Ore Carriers
12/10/07 MOL Launches World's Largest Iron Ore Carrier Third-Generation Brasil Maru Joins Fleet
5/18/07 MOL Signs Long-Term Contract for 6th Vessel Serving China's Baoshan Iron & Steel
4/12/07 MOL to Expand Bulkship Fleet with 60 Vessels
4/4/07 MOL to Launch 44 New Iron Ore Carriers
3/23/07 MOL to Name World's Largest Iron Ore Carrier the Brasil Maru
12/22/06 MOL and Sanoyas Hishino Meisho Team up to Develop and Build New 116-Type Handy Cape Bulk Carriers
5/31/06 MOL Constructs New 43 Iron Ore Carriers
Meeting increasing demands of iron ore transport
9/7/04 MOL, Sumitomo Metal Industries Sign Mid- and Long-Term Transport Contracts for New Five Vessels including 230,000-ton Iron Ore Carrier
3/29/04 MOL Signs Contract to Transport Iron Ore from Brazil to China - One of the world's largest ore carriers will serve under long-term deal with Shanghai Baosteel Group -
3/18/04 MOL, Nippon Steel Sign Long-Term Contract for New Huge Ore Carrier
3/16/04 MOL Signs Deal to Transport Iron Ore for China's Maanshan Iron & Steel
12/25/03    MOL Agrees on Long-Term Transport Contract for Third Vessel with Baoshan of China
12/1/03 MOL Will Order 30 New Cape-Size Bulkers to Meet Increasing Demand for Iron Ore Transport
11/17/03 MOL Concludes Long-Term Transport Contracts with China's Largest Steelmaker
Other Dry Bulk Cargo
3/19/04 MOL Wins Order for Ocean Transport of Railroad Cars for Taiwan's High-Speed Train - Project marks the first export of Japanese Shinkansen bullet trains -
12/18/03 MOL Wins Contract to Transport Facilities for China's Largest Ethylene Plant
9/5/03 MOL Entrusts 24,000dwt Handy Bulker Operation to INUI STEAMSHIP CO., LTD. - Now Japan's Largest Operator -
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Industry Data Go to MOL Data
Fleet Size Ranking
Dry Bulkers: as of April 2011
World Crude Steel Production
Import area wise World Iron Ore Seaborne Trade  
 
 Baltic Dry Index (Also available in "Market Information")
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