Dry Bulk Business


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Dry Bulkers (excluding Steaming Coal Carrirers)

We operate one of the world's major dry bulker fleets, which includes iron ore and coking coal carriers, general cargo carriers, and wood chip carriers. We strive to ensure strong, sustainable earnings growth through an optimum balance of mid- and long-term contracts and spot contracts. We also continue to be proactive in technological development geared towards reducing the environmental burden of large-scale iron ore carriers.

Business Performance of FY2018 2nd Quarter

Consolidated Revenues Breakdown (Results in FY2017)In the Capesize bulker market, the market rate rose to the US$24,000 range per day from July through August amid a recovery in iron ore shipments from Brazil. Then, the rate remained roughly in the range of US$17,000 per day in September amid a weakening market brought about by deteriorating sentiment with respect to trade friction between the U.S. and China. The Panamax market also briefly endured deteriorating sentiment, but improved gradually and trended in US$13,000 to US$14,000 range per day from the middle of September onward as volumes of mainstay cargoes such as coal and grain shipments from South America remained steady.

Facing such market conditions, the dry bulk business recorded positive earnings amid a slight year-on-year increase in ordinary profit.

Highlights & Strategy

Highlights & Strategy by Operating Segment - from MOL Report
MOL Report 2018: Dry Bulk Business-Dry BulkersPDFPDF(117KB)

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