Mitsui O.S.K. Lines
Change Font Size: Print
|  Print  |  Close  |
Bulkships Dry Bulkers
Update: 5/11/10

We operate the world's largest fleet of dry bulkers, including iron ore and coking coal carriers, general cargo carriers, wood chip carriers, steaming coal carriers, and heavy lifters. In fiscal year 2010 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 FY2009>
A decrease in crude steel production after the Lehman Shock caused a notable 24% and 30% decrease year on year in Japan and Europe, respectively, in iron ore imports in 2009. Despite this, the crude steel production volume in China, which already represented 38% of the global output in 2008, rose 13% year on year thanks to government economic stimulus measures, with iron ore imports rising 41%. As a result, the China import increase was the main driver in the 7% increase year on year (approx. 900 million tons) in the worldwide iron ore cargo trade during 2009. On the ship supply side, 2009 featured the startup of new shipyards in China, South Korea and other countries that delivered 112 new Cape-size bulkers within that year, a great leap from the 40 to 60 ships annually delivered in past years....more

 Click here to enlarge the graph.
MOL Data Go to Related Press ReleaseGo to Industry Data
Consolidated Revenues Breakdown
(Result in FY2009)
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"
To Top
Related Press Release
Coal and Iron Ore
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 -
To Top
Industry Data Go to MOL Data
Fleet Size Ranking
Dry Bulkers: as of April 2010
World Crude Steel Production
Import area wise World Iron Ore Seaborne Trade Dry Bulk Carriers Supply-Demand Forecast Capesize 
 
 Baltic Dry Index (Also available in "Market Information")
To Top
Privacy Protection PoliciesDisclaimer