We take great pride in the MOL tanker fleet — crude oil tankers (mainly VLCCs), petroleum product tankers, chemical product tankers, and LPG carriers — and its global leadership in all of these fields. As an expert in energy transport, we have developed a comprehensive safe operation system covering our entire lineup of vessels. With one of the world's largest tanker fleets, we can take advantage of business opportunities on a global scale. We were also the first shipping company to adopt double-hull tankers for our entire fleet in the interest of global environmental protection.

<Business Performance during FY2009>
Regarding tankers, the global recession pushed down demand for both crude oil and petrochemical product tankers and new ships were delivered one after another resulting in a continuation of unfavorable conditions, despite ups and downs during 2009. Nevertheless, the start of 2010 saw a recovery in the VLCC tanker market. Under such a market environment, although measures such as the early disposal of aging ships, the return of surplus chartered ships and ship cost reductions were implemented, we saw a year-on-year decrease in revenue and profits.