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MOL to build 53 new iron ore carriers

Tokyo: Mitsui O.S.K. Lines today announced plans to construct 53 new iron ore carriers The ships range in size from 80,000 dwt to 300,000 dwt  and will further cement MOL's position as the world's largest capesize owner.
The company has already concluded mid- and long-term contracts for 40% of the 53 new building vessels, and eventually 60% of the new ships will sail under mid- or long-term arrangements.
MOL's operated iron ore carrier fleet totals 125 vessels including capesize and panamax types (as of March 31, 2008). The fleet will total around 160 by the end of March 2014, including about 135 capesize vessels and about 25 panamax ships. [13/5/08]


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