Mitsui O.S.K. Lines, Ltd., a shipping company, engages in the ownership and operation of ocean going fleet in Japan.
Segments
The company’s segments include Bulkships; Containerships; Logistics; Ferry & Domestic Transport; and Associated Businesses.
Bulkships
This segment operates a fleet of dry bulkers, tankers, LNG carriers, and car carriers. Its fleet of 178 tankers is diversified to carry a range of liquefied products-42 are crude oil tankers, 49 are product tankers, 27 carry LPG and met...
Mitsui O.S.K. Lines, Ltd., a shipping company, engages in the ownership and operation of ocean going fleet in Japan.
Segments
The company’s segments include Bulkships; Containerships; Logistics; Ferry & Domestic Transport; and Associated Businesses.
Bulkships
This segment operates a fleet of dry bulkers, tankers, LNG carriers, and car carriers. Its fleet of 178 tankers is diversified to carry a range of liquefied products-42 are crude oil tankers, 49 are product tankers, 27 carry LPG and methanol, and 60 carry chemicals. It operates a fleet of 89 car carriers, which offer service to transport finished vehicles to market.
Containerships
This segment operates a fleet of 115 containerships. In addition to the east-west routes linking Asia to North America and Asia to Europe, the company serves north south or intra-Asia routes, providing a network that covers the entire globe and serves the transport needs of global clients. This segment also includes MOL’s container terminal operations in Japan, the United States, and Thailand.
Logistics
This segment has adopted a ‘market-in’ approach to ensure that it can offer services that match the needs of customers. The company has a capital tie-up and business alliance with Kintetsu World Express, Inc., allows bothe companies to offers a service to customers that require both sea and air freight services. It is working to develop an ocean consolidation business (OCB), which can provide procurement and distribution service for various consumer products.
Ferry & Domestic Transport
This segment has a service network, which offers diversified and transportation services throughout Japan. This segment also includes domestic transport of bulk cargoes, such as coal, steel and salt.
Associated Businesses
This segment is centered on the office and residential building leasing operation of Daibiru Corporation, as well as tugboat operations. Other activities include marine consulting, maritime engineering, trading, and temporary staffing. This segment also covers the cruise ship operations of the Nippon Maru and other cruise liners.
Significant Events
On October 16, 2009, Mitsui OSK Lines Ltd. (MOL) has signed an agreement with Sical Logistics Ltd. to form a joint venture company. The JV, in which MOL would own 55% equity and Sical 45% equity, would operate the automotives management yard at Ennore Port, near Chennai Operations are scheduled to commence in the fiscal 2011.
Markets
The company operates primarily in the United States and Canada; the United Kingdom, the Netherlands and other European countries; the Middle and Near East, China, and other Asian countries; and Central and south America, Africa, and Oceanian countries.