Our car carrier segment offers higher quality and more competitive services with wealth of automobile transport experience and knowledge accumulated over the years. 22 of world's most advanced car carriers are scheduled to join MOL's fleet in FY2009-2010 to meet diversifying customers demand.

<Business Performance during FY2008>
The car carrier business saw strong trade from the Far East during the first half of the fiscal year, with a constant shortage of available vessels. However, with the collapse of economies across the world during the second half, vehicle sales plummeted and automakers reduced production, creating a surplus of available space. Despite the selling off and return of aged chartered vessels to reduce costs, profits took a hit and were lower than those of the previous year.