Japan’s Mitsui OSK Lines (MOL) has signed a coal transport contract with Thermal Powertech Corporation India Limited (TPCIL), jointly owned by Singapore’s Sembcorp Industries and India’s Gayatri Projects Limited.

The new joint venture container shipping entity of Japan’s big three carriers will operate under the tradename Ocean Network Express with its holding company based in Japan and an operating company incorporated in Singapore.

Japan’s Mitsui OSK Lines (MOL) has completed an in-service demonstration test of a wind resistance-reducing windshield for containerships, and determined that the device reduces emissions of carbon dioxide (CO2) by an average of 2%.

The record for the world’s largest containership has fallen for the third time in just two months with Orient Overseas Container Line (OOCL) smashing the 21,000 teu barrier.

The US Federal Maritime Commission (FMC) has clarified its position on the rejection of the proposed merger of the container shipping business of NYK, Mitsui OSK Lines and K Line, as being purely due to it falling outside its jurisdiction.

The US Federal Maritime Commission (FMC) has rejected the merger by NYK, K Line and Mitsui OSK Lines of their container shipping operations saying it does not have jurisdiction to approve it.

Mitsui OSK Lines (MOL) returned to the black in FY2016 ended 31 March 2017 with a $46.9m net profit for the year.

Mitsui OSK Lines (MOL) is boosting its logistics capabilities, acquiring a 20.9% stake in leading Malaysian logistics company PKT Logistics Group (PKT).

The Competition Commission of Singapore (CCS) has given the nod to the proposed joint venture between Japan’s big three lines – Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK).

The world’s first containership over 20,000 teu has been named at Samsung Heavy Industries (SHI).