TOKYO ― Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today
announced plans to construct 53 new iron ore carriers to meet rising demand
for iron ore transport as the world economy continues to grow. The move
is part of the growth strategies in the company’s midterm management plan
MOL ADVANCE ― focusing management resources on growing fields in ocean
shipping.
Outline of fleet expansion
| Launch: |
April 2008 to early 2014 |
|
| No. of vessels by type: |
Type 300 (300,000-ton class)
Type 250 (250,000-ton class)
Type 230 (230,000-ton class)
Type 200 (200,000-ton class)
Type 170 (170,000-ton class)
Type 110 (110,000-ton class)
Type 80 ( 80,000-ton class) |
4 vessels
2 vessels
7 vessels
1 vessels
27 vessels
10 vessels
2 vessels
|
|
Total |
53 vessels |
|
|
|
|
|
|
|
MOL Strategies
Worldwide demand for iron and steel is expected to show stable growth, with countries such as China continuing to produce more crude steel. Increased steel production will naturally boost demand for efficient, reliable transport of raw materials.
MOL, as the world’s largest operator of iron ore carriers, has developed a large-scale fleet with a wide variety of vessels to meet various customer needs. The company has already concluded mid- and long-term contracts for 40% of the 53 new building vessels, and eventually 60% of the new ships will sail under mid- or long-term arrangements.
MOL’s operated iron ore carrier fleet totals 125 vessels including Cape-size and Panamax types (as of March 31, 2008). The fleet will total around 160 by the end of March 2014, including about 135 Cape-size vessels and about 25 Panamax ships.
|
