Charting a new course forward
THE history of Japan's Mitsui OSK Lines (MOL) can be traced back more than 130 years with the founding of Osaka Shosen Kaisha (OSK) in 1884, when 55 shipowners combined their operations.
MOL came into its current form in 1964, following the merger of OSK and Mitsui Steamship Co. Today, the group has close to 900 vessels in its fleet.
In March this year, MOL announced its intention to order six container ships capable of carrying 20,150 20-foot containers. When completed, these vessels will be among the largest container ships in the world. Four of the ships will be built at Samsung Heavy Industries' shipyards in South Korea while the remaining two will be constructed by Imabari Shipbuilding in Japan.
TRENDING NOW
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
‘How come you’re so young?’: Gen Z couple takes on Singapore’s established bullion dealers