December 1, 2003
Mitsui OSK Lines in massive bulker newbuild program
Mitsui O.S.K. Lines, Ltd. (MOL) today announced plans to expand its fleet with 30 Cape-size bulkers (over 100,000 tons) to meet expanding and diversifying worldwide needs for iron ore transportation, especially for customers in China, Japan, and South Korea.
Type 230 (230,000 deadweight tons) x 1
Type 200 (200,000 deadweight tons) x 15
Type 170 (170,000 deadweight tons) x 8
Type 150 (150,000 deadweight tons) x 1
Type 90-110 (90,000 - 110,000 deadweight tons) x 5
A further 10 Type 170 Cape-size bulkers will be chartered under mid and long term contracts in addition to the above 30 new bulkers, from the second half of 2003.
MOL has already signed long-term transport contracts for 20 of the 30 new bulkers listed above (two will serve Baoshan Iron and Steel Co., Ltd. of China in an agreement announced on November 17