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Tuesday, October 22, 2019

Mol Group News

MOL in conjunction with Osaka University has developed a mathematical algorithm to optimize the loading of cars onto ferries.

(Photo © Adobe Stock / Paula Fisher)

MOL Group AI-Based Car Loading Plan

Mitsui O.S.K. Lines, Ltd. and its group company MOL Information Systems, Ltd., in collaboration with Associate Professor Shunji Umetani of the Graduate School of Information Science and Technology at Osaka University, have developed a vessel allocation and cargo loading plans for car carriers based on ‘mathematical optimization,’ articficial intelligence (AI) technology to enable the company’s personnel to complete vessel allocation and loading plans more quickly than previously possible.MOL operates about 100 car carriers with…

Award ceremony. Photos: MOL

JASNAOE Awards Go to MOL Group

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that the Beluga Ace, the first ship of its "FLEXIE series" next-generation car carriers, and both the Sunflower Satsuma and Sunflower Kirishima ferries, which are operated by its group company, Ferry Sunflower Limited, have received the "Ship of the Year 2018," and "Large Passenger Ship Sector Award," respectively.It marks double awarding for the group companies, said a press note."This is MOL's sixth Ship of the Year Award…

Top: MOL President & CEO Junichiro Ikeda addresses the ceremony. Bottom: Chief Executive Representative, Asia, Middle East, Oceania, Masahiko Okubo (first from left), President & CEO, Junichiro Ikeda (second from left),  Executive Vice President & Executive Officer, Takeshi Hashimoto (second from right), and Chief Country Representative in Indonesia, Yo Ishizaki (first from right). Pics: MOL

MOL Indonesia Celebrate 25th Anniversary

Japanese shipping major Mitsui O.S.K. Lines (MOL) celebrated a major milestone-25 years since the launch of MOL business operations in Indonesia.The carriers of containerized and other cargo said in a press note that it has hosted a party in Jakarta for about 200 attendees, including customers to celebrate 25th anniversary. Among those on hand for the party were Japanese Ambassador to Indonesia Masafumi Ishii, and representatives of MOL's business partners.MOL President & CEO Ikeda addressed the gathering…

Pic: MOL

MOL Celebrates Marine Day with Kids

Japanese logistics major Mitsui O.S.K. Lines (MOL) announced that it marked the Marine Day holiday on Monday, July 15, by hosting a tour of the car carrier Emerald Ace at Harumi Pier, in cooperation with the Japanese Shipowners' Association (JSA), as a part of "The Umi-to-Nippon (The Ocean and Japan) Project".MOL welcomed about 600 elementary and junior high school students and their family members, which was twice as much as the event last year, who were selected in an online application process.The guests boarded the huge vessel-measuring about 200m long…

Pics: Mitsui O.S.K. Lines, Ltd

MOL to Renovate Nippon Maru

Japanese transport company Mitsui O.S.K. Lines, Ltd. (MOL) announced that its group company Mitsui O.S.K. Passenger Line, Ltd. (MOPAS) has scheduled a major renovation of its operated cruise ship, the Nippon Maru.According to a press release from MOL Group, the project will take about 50 days from mid-February through early April 2020.The Nippon Maru was renovated in 2010 when the ship marked its 20th anniversary. Additional cabins were constructed on the sixth floor, while the new Horizon Lounge and Spa & Salon were added.

Pic: MOL

MOL Works on Environmental Agenda

Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."Shpping companies are responsible for undertaking the marine transportation vital to the infrastructure underpinning people's daily lives worldwide," it said.MOL established a policy to equip its vessels with ballast water treatment systems in fiscal year 2014, ahead of the issuance of the Ballast Water Management Convention in September 2017.As of April 2019…

MOL Chairman Koichi Muto delivering  a speech in Mumbai. Photo: MOL

MOL to Issue Sustainability Bonds

Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced its plan to issue “Sustainability Bonds” for the financing of a series of green projects.This is the first time a company in Japan has issued sustainability bonds aimed at individual investors.Sustainability bonds are used to both finance and refinance green projects, which protect and improve the environment, and social projects, which help address social issues.In the management plan "Rolling Plan 2019," MOL's goals include "develop environment and emission-free businesses into core businesses…

The dry bulkship Cedros, used for the demonstration test. Image: MOL

MOL Launches Rope Status Monitoring System

Japanese shipping major Mitsui O.S.K. Lines (MOL) announced that, in partnership with MOL Coastal Shipping, and MOL Information Systems, it will start a demonstration test of a mooring rope with a built-in sensor, along with a rope status monitoring system.The project focuses on the mooring ropes that connect vessels to piers and other port facilities, said a press release from the  international shipping company based in Tokyo, Japan.In general, the tension on mooring ropes is hardly determined in accurate, except at certain ports equipped with tension monitors.

Pics: Mitsui O.S.K. Lines, Ltd.

MOL Passenger Line 'Cruise of the Year 2018'

Mitsui O.S.K. Lines (MOL) announced that its group company, Mitsui O.S.K. Passenger Line (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 based on three themes, which attracted a majority of passengers (70%) who boarded the Nippon Maru for the first time.While elaborately planned, all of the cruise themes offered a casual atmosphere…

MOL President & CEO Ikeda (5th from the right) and hosts greet guests at the party. Photo: MOL

MOL Turns 50 in Thailand

Mitsui O.S.K. Lines (MOL) celebrated the 50th anniversary for the establishment of Mitsui O.S.K. Lines (Thailand).On November 13, it held a party in Bangkok for customers, business partners, and others, marking the event and the centennial anniversary for the opening of liner service to and from Thailand by its predecessor, Osaka Shosen.Around 500 guests attended the event including Arkhom Termpittayapaisith, Minister of Transport, and Shiro Sadoshima, Japanese Ambassador to Thailand.

The Sunflower Kirishima goes into service. Photo: MOL

MOL Launches Sunflower Kirishima

Mitsui O.S.K. Lines (MOL) announced that the newly built large-scale ferry Sunflower Kirishima operated by its group company Ferry Sunflower was launched on September 15, and with many passengers aboard, departed the Nanko Sunflower Terminal in Osaka Prefecture for the Port of Shibushi, Kagoshima Prefecture.The new Sunflower Kirishima has room for 20% more trucks compared to the old Sunflower Kirishima.With its sister ferry, the Sunflower Satsuma, which was launched on May 15…

Image: MOL

MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations

Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels), but carries cargoes between ports and to the final place of delivery by using other shipping companies.MOL Executive Officer Michael P.Y. Goh was appointed CEO of MWL.

From left: President of Imoto Lines Takayuki Imoto, Executive Officer of MOL Yutaka Hinooka, director, Managing Executive Officer of Ocean Network Express (Japan)  Hitoshi Adachi, Director General of Tokyo Metropolitan Government Bureau of Port and Harbor Makoto Saito, President & CEO of Tokyo Port Terminal Yuji Hirano, President of Utoc Masahiro Tanabe. Photo: Mitsui O.S.K. Lines, Ltd

Tokyo International Container Terminal Marks 20 Million TEUs Handled

Mitsui O.S.K. Lines (MOL) announced that the MOL-operated Tokyo International Container Terminal (TICT) reached a major milestone on August 21—a cumulative total of 20 million TEUs handled.The terminal started operations in November 1971, and in December of that year, the full containership Kamakura Maru, serving the Asia-Europe route, was the first vessel to call at TICT. After 47 years of successful operations, TICT becomes the first terminal in the Port of Tokyo to handle 20…

The 12 Waves warehouse in One Auto Hub. Photo: Mitsui O.S.K. Lines, Ltd.

MOL Invests in PKT Logistics

Mitsui O.S.K. Lines (MOL) announced that it completed the acquisition of 14.27% shares in PKT Logistics Group, a Malaysian logistics company. MOL's stake will rise from the current 20.86% to 35.13%.PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors.PKT owns and operates warehouses hub in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.

Image: Mitsui O.S.K. Lines, Ltd.

MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds

Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…

Image: ENI

MOL buys Eni's Adriatic Offshore Gas Stakes

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months.The transaction covers 4.3 million…

Image: ENI

MOL Snaps Up Adriatic Gas via Croatian Unit

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica. INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months. The transaction covers 4.3 million…

Photo: Al Madina Logistics

MOL Logistics Signs Pact with Al Madina Logistics in Oman

Mitsui O.S.K. Lines  (MOL) announced that its group company, MOL Logistics (Japan) has signed an agency agreement with Al Madina Logistics Services Company SAOC, which has developed its logistics business in Oman, which is expected to grow as emerging market. MOL is strategically allocating resources to the logistics business under its management plan, "Rolling Plan 2018." MOL Logistics, a core of the MOL Group's logistics business, has 290 offices in 71 countries around the world…

Photo: Mitsui O.S.K. Lines, Ltd

Vietnam Opens Haiphong International Container Terminal

Mitsui O.S.K. Lines has announced that its joint venture company Haiphong International Container Terminal held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port, Vietnam on May 13. HICT is the first terminal in Northern Vietnam with a berth deep enough to allow calls by 14,000TEU containerships. It will meet customer demands for shorter transit times and lower transport costs, while contributing to economic growth in Northern Vietnam…

Image of System: Mitsui O.S.K. Lines (MOL)

MOL Research on Marine Rotary Machineries

Mitsui O.S.K. Lines (MOL) announced plans to work with Asahi Kasei Engineering Corporation (AEC) on a project to verify predictive detection of abnormalities in marine rotary machineries using vibrating sensors. The research will focus on the use of vibrating sensors to monitor the condition of key auxiliaries, such as pumps or purifiers, on a car carrier and VLCC that are under construction, using analysis software. The participants expect this project to create not only a standalone onboard monitoring system…

Sensor Unit and Unit with pump. Image: Mitsui O.S.K. Lines

MOL Rolls Out Total Residual Oxidants Instrument

Mitsui O.S.K. Lines (MOL) announced commercialization of the Total Residual Oxidants (TRO) instrument "S.sensing WS," one of the major components of the Ballast Water Management System (BWMS). TRO is developed by Kurita Water Industries with the cooperation of MOL's group company MOL Engineering Co. In addition, MOL Techno-Trade will handle sales activities for the new product. BWMS are categorized as "UV type," "electrolysis type," "chemical type," and "ozone type." All except for the UV type sterilize harmful organisms in ballast water with various active substances.

(Left) MOL President & CEO Junichiro Ikeda addresses the ceremony. (Right) Award recipients. Photo: MOL

MOL Presidential Awards 2017 Announced

Mitsui O.S.K. Lines (MOL) has announced that the company held the 2017 commendation ceremony for the "MOL Presidential Awards for Officers and Engineers 2017" on December 8. 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 companies, in ensuring the safe operation of vessels. The recipients share a commitment to the education and training of younger seafarers…

 Junichiro Ikeda. Photo: MOL Group

MOL CEO Optimistic on 2018

President & CEO of Mitsui O.S.K. Lines Junichiro Ikeda says that his company is  strongly determined to shape the future of the industry. Looking at the shipping market, conditions were mixed across businesses, with firm conditions in dry bulkers but weaker trends in tankers, for example. A full-scale recovery is still in the making. "Amid suboptimal shipping market conditions, we expect to finish fiscal 2017 with results largely in line with our initial forecasts, as steady operational enhancements and efforts on the sales frontline come to fruition," he said.

BW Catcher . Photo: BW Offshore

BW Offshore Gets Contract Extension for FPSO Polvo

BW Offshore has signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2019 (from Q3 2018), with options until Q3 2022. The company has also announced that BW Catcher FPSO received the First Oil Certificate following the successful completion of the 72-hour interim performance test subsequent to the introduction of hydrocarbons on 23rd December 2017. BW Catcher FPSO is owned and operated by BW Offshore and the First Oil Certificate confirms the commencement of a seven-year fixed term contract…

VLCC Kazusa. Photo: MOL

MOL Allies with NCC

Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a capital and business alliance agreement with chemical tank specialist logistics provider Nippon Concept Corporation (NCC). "MOL and NCC concluded the agreement with the objective of developing a comprehensive two-way strategic partnership including both partners' group companies, and steadily enhancing their businesses," said a statement from the company. The agreement gives NCC the opportunity to globally increase…

MOL's Cutting-edge Stowage Planning System for Car Carriers Image MOL

MOL: New Stowage System for Car Carriers

Mitsui O.S.K. Lines, Ltd. introduced an upgraded stowage planning system for car carriers called “MOL-CAPS”. The MOL-CAPS system generates a voyage-by-voyage stowage plan that determines where to stow specific vehicles in consideration of different factors, such as the onboard structure, the type of vehicles being transported, and calling ports. The company introduced MOL-CAPS in 1999, and will adopt this new version for the next-generation car carriers, the FLEXIE series, which will be delivered starting in March 2018.