The argumentation is based on the expectation that the company will continue to borrow to invest in its growth segments, such as offshore oil and gas infrastructure and LNG carriers. The rating outlook is stable. “We expect MOL’s debt will not decline materially over the next few years and its leverage will likely remain above…
Mitsui O.S.K. Lines, Ltd. (MOL) announced that MOL, MOL Techno-Trade, Ltd., the National Maritime Research Institute (NMRI), and Tokyo University of Marine Science and Technology (TUMSAT) jointly conducted an assessment and feasibility study on advanced navigation support systems, using the NMRI-owned ship handling risk simulator, which has a horizontal view angle of 240°C. On watch-keeping…
Mitsui O.S.K. Lines, Ltd. (MOL) announced that its group company, Mitsui O.S.K. Passenger Line Ltd. (MOPAS) was recognized for its “efforts on market development by the Nippon Maru One Night Cruise,” and received the award for outstanding performance in the “Cruise of the Year 2018” program. MOPAS was honored for its One Night Cruise programs…
Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company held a commendation ceremony for the “MOL Presidential Awards for Officers and Engineers 2018” on December 7. The awards are intended to recognize the ongoing safety-related contributions of MOL Group officers and engineers and recognize their key role, in cooperation with fellow seafarers and ship management…
The vessel was named Castara by Methanol Holdings (Trinidad) Limited, which together with Proman Shipping, are part of Switzerland-headquartered natural gas provider Proman Group, the vessel’s charterer. “The Castara is Proman Shipping’s first 50,000 dwt vessel and will become the largest vessel in the Proman Shipping fleet. This milestone is testament to our valued and…
MOL Conducts Onboard Test Of Intelligence Awareness System With Rolls Royce Mitsui O.S.K. Lines, Ltd. (MOL) announced the company, along with U.K.-based Rolls-Royce Marine jointly conducted a demonstration test on a ferry equipped with the Intelligence Awareness System (IAS). The ferry, operated by MOL Group company Ferry Sunflower Co., Ltd. serves Japan’s Seto Inland Sea…
Mitsui O.S.K. Lines, Ltd. (MOL) announced that on 11 September, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME). The Vessel Will Serve in the World’s First Ice-Breaking LNG Carrier…
The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). Whereas today ships can use fuel with a…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More
