Moody’s Lowers MOL’s Rating over Its Large Debt 1

Moody’s Lowers MOL’s Rating over Its Large Debt

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...
MOL Conducts Assessment And Feasibility Study Of Advanced Navigation Support System 2

MOL Conducts Assessment And Feasibility Study Of Advanced Navigation Support System

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...
Mitsui O.S.K. Passenger Line Receives Award For Outstanding Performance In ‘Cruise Of The Year 2018’ 3

Mitsui O.S.K. Passenger Line Receives Award For Outstanding Performance In ‘Cruise Of The Year 2018’

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...
MOL Honors Officers And Engineers At “MOL Presidential Awards 2018” 4

MOL Honors Officers And Engineers At “MOL Presidential Awards 2018”

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...
Proman Shipping Names Its Largest Vessel Yet 5

Proman Shipping Names Its Largest Vessel Yet

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...
MOL Conducts Onboard Test Of Intelligence Awareness System With Rolls Royce

MOL Conducts Onboard Test Of Intelligence Awareness System With Rolls Royce

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...
Ice-Breaking LNG Carrier For Yamal LNG Project Named ‘Vladimir Vize’ 6

Ice-Breaking LNG Carrier For Yamal LNG Project Named ‘Vladimir Vize’

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...
A.P. Moller - Maersk takes next steps in the integration to improve customer experience

A.P. Moller – Maersk Takes Next Steps In Integration To Improve Customer Experience

This is the next step in the Maersk journey to become a global, integrated container transport and logistics company. On January 1st, 2019, Damco’s Supply Chain Services and Maersk Line’s Ocean Product will be integrated and...
Maersk to change fuel adjustment surcharge ahead of the 2020 sulphur cap

Maersk to change fuel adjustment surcharge ahead of the 2020 sulphur cap

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...