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Mitsui OSK Lines seals 20,000 teu containership plans

Mitsui OSK Lines seals 20,000 teu containership plans
Mitsui OSK Lines (MOL) would appear to have sealed its plans to order 20,000 teu containerships, the largest yet to be built.

Commenting on the containership business in his New Year message MOL president Koichi Muto said: “As far as the structural problem our containership division faced, we have already taken steps to reform the business, such as upgrading the fleet with the world’s largest containership – 20,000 teu – to make us more cost competitive.”

No details were given but MOL has been tendering to buy 20,000 teu newbuildings through a third party charter deal.

The largest containership currently in service is the 19,000 teu CSCL Globe which is set to be eclipsed this month by the 19,224 teu MSC Oscar.

Looking at the containership business as a whole Muto said, “With global economic expansion, containerised cargo trade is certain to keep growing so the containership business, including container terminals, represents a growth opportunity.”

He said there was still a lot of room to improve profitability in the business through advancement in operations and yield management.