CORPORATE PROFILE · Yanmar Co., Ltd. will supply LNG-fueled engines, and the tugboat will be...

丸んぽつに

CORPORATE PROFILE

http://www.mol.co.jp

Mitsui O.S.K. Lines, Ltd.2-1-1 Toranomon, Minato-ku, Tokyo 105-8688

Printed in Japan 2018.8

This Corporate Profile is printed on Forest Stewardship Council TM (FSC)-certified paper made of wood from responsibly managed forests. It was also printed using waterless printing and vegetable oil inks.

Innovate through insightProactively develop business opportunities by staying ahead of the curve.Encourage innovation for the further growth of the company.

Do the right thingMake compliance the top priority.Ensure that actions comply with social norms and the highest ethical standards.

Commit to acting with a sense of ownershipTackle tasks with a sense of ownership and in cooperation with stakeholders.

Gain the trust of customersProvide the highest level of safety and service.

Build a strong teamEncourage open communication with mutual respect.Share knowledge, experience, expertise, and skills, and foster the next generation.

Mitsui O.S.K. Lines, Ltd. (MOL) is a multimodal transport group that meets diverse transport needs with one of the world’s largest merchant fleets and a comprehensive approach to safety.To further contribute to economic growth, the MOL Group works toward its ideal on the global stage : becoming an excellent and resilient company that leads the worldwide shipping industry.

MOL Group Corporate PrinciplesAs a multi-modal transport group, we will :

actively contribute to global economic growth and development, anticipating the needs of our customers and the challenges of this new era

1 strive to maximize corporate value through creativity, operating efficiency and promotion of ethical and transpar-ent management

2 nurture and protect the natural envi-ronment by maintaining the highest standards of operational safety and navigation

U.A.E.

Turkey

Malaysia

Indonesia

Europe/ Africa Japan

Mexico

HongkongTaiwan

Australia

Myanmar

PhilippineVietnum

United States of AmericaUnited States of America

JapanJapan

SingaporeSingapore

India Thailand

Chief country representative offices

： Group companies

North / Middle Americas& the Caribbean

BrazilBrazil

United KingdomUnited Kingdom

South AmericaAsia / Middle East / Oceania

Developing the MOL Group into an excellent and resilient organization that leads the world shipping industry

Head Office/Chief executive representative officesHead Office/Chief executive representative offices

Mitsui O.S.K. Lines, Ltd. (MOL) is a multimodal transport group that meets diverse transport needs with one of the world’s largest merchant fleets and a comprehensive approach to safety.To further contribute to economic growth, the MOL Group works toward its ideal on the global stage : becoming an excellent and resilient company that leads the worldwide shipping industry.

MOL Group Corporate PrinciplesAs a multi-modal transport group, we will :

actively contribute to global economic growth and development, anticipating the needs of our customers and the challenges of this new era

1 strive to maximize corporate value through creativity, operating efficiency and promotion of ethical and transpar-ent management

2 nurture and protect the natural envi-ronment by maintaining the highest standards of operational safety and navigation

U.A.E.

Turkey

Malaysia

Indonesia

Europe/ Africa Japan

Mexico

HongkongTaiwan

Australia

Myanmar

PhilippineVietnum

United States of AmericaUnited States of America

JapanJapan

SingaporeSingapore

India Thailand

Chief country representative offices

： Group companies

North / Middle Americas& the Caribbean

BrazilBrazil

United KingdomUnited Kingdom

South AmericaAsia / Middle East / Oceania

Developing the MOL Group into an excellent and resilient organization that leads the world shipping industry

Head Office/Chief executive representative officesHead Office/Chief executive representative offices

The Wind Challenger Project is a joint industry-government-academia program looking at adopting huge extendable rigid sails on a large cargo ship, with the goal of reducing energy consump-tion by 50%, with a corresponding reduction in CO2 emissions. Spearheaded by the University of Tokyo, the project encompasses 13 organizations including MOL, Nippon Kaiji Kyokai (Class NK), and shipbuilding companies. The participants developed large-scale solid sails using composite materials, researched the major characteristics of the target ship type, studied fluid flow analysis methods, and developed weather routing methods. MOL is one of the key players working to realize this revolutionary concept.

Wind Challenger Project BuildsStorehouse of Knowledge for the Future

MOL has pushed ahead with development of the funda-mental technology for autonomous navigation, with the aim of enhancing safety and efficiency. The objectives are to provide the critical information that maritime officers need and to develop a system to detect and avoid obstacles during vessel operation.Our group teamed up with Furuno Electric Co., Ltd. to develop a system that supports ship operation during voy-ages using Augmented Reality (AR) technology. And we are accelerating our initiative on practical use of Rolls-Royce Marine’s Intelligence Awareness System (IAS), adapting the system to an MOL-operated car carrier and coastal ferry for verification tests.

Initiatives to Realize Autonomous Ships

MOL is also moving ahead with the construction of an LNG-fueled tugboat. The majority of today’s ships use diesel engines fueled by heavy oil, but switching to LNG fuel can reduce emissions of CO2, nitrogen oxide (NOx), and sulfur oxide (SOx). Yanmar Co., Ltd. will supply LNG-fueled engines, and the tugboat will be constructed at Kanagawa Dockyard Co., Ltd. The high-performance dual fuel engines allow high-speed operation with superior environmental performance, and it will be the first LNG-fueled tugboat to escort large-scale cargo ships in Osaka Bay and the Seto Inland Sea. It will enter service in Osaka Bay in April 2019. Osaka Gas Co., Ltd. will supply LNG fuel to the tugboat. Nihon Tug-Boat Co., Ltd. will operate it. MOL will make the use of the know-how gained through develop-ment and operation of the tugboat in its future initiatives to promote the development and adoption of other LNG-fueled vessels.

Constructing an LNG-fueled Tugboat~ 1st LNG Fueled Tugboat Serving Osaka Bay ~

Propeller Boss Cap Fins (PBCF) have already been adopted on more than 3,100 vessels all over the world. MOL, Akishima Laboratories (Mitsui Zosen) Inc., and MOL Techno-Trade, Ltd. have jointly devel-oped an upgraded PBCF that offers even greater energy-saving effects. The new design enhances propeller thrust and reduces torque thanks to refinements in fin shape and height. Tests of the new PBCF on vessels in service confirmed an energy savings of around 5% compared to sister vessels not equipped with PBCF. The new PBCF design has already been patented around the world. PBCF testing also confirmed a noise reduction of 3 to 6 decibels in a specific underwater frequency range by reducing cavitation (the formation/extinction of bubbles). As a result, the PBCF was selected by the Port of Vancouver (Canada)’s EcoAction Program for reduc-ing cavitation and underwater noise that can negatively impact whales and other marine mammals.

Redesigned, Refined Propeller Boss Cap Fins (PBCF)~ Meeting Higher Needs for Environmental Protection by Enhancing Energy-saving Performance ~

Technology DevelopmentThe Quest for Advanced Transport Technologies and a Cleaner Environment

20,000 TEU Containership Reflects aHost of Environmental InitiativesThe 20,000 TEU containership delivered in 2017 adopts various technologies to reduce environmental impact.●Optimized hull designDesign refinements in the bow and stern of the hull, and the optimized bulbous bow shape are expected to realize a 4.5% improvement in fuel efficiency.●For the shift to LNG fuelMOL has studied instal lat ion of equipment and machinery that can run on LNG, significantly reducing SOx emissions.

●SOx scrubber retrofittingThe vessel is designed to simplify retrofitting of a SOx scrubber, in addition to the LNG conversion, offering even greater flexibility in responding to fuel supply conditions.

IAS in use

In 2016, MOL launched the ISHIN NEXT ~MOL SMART SHIP PROJECT~, a new technology development project that builds on the success of the Senpaku ISHIN project announced in 2009. The company researches diverse needs and the latest technologies as it advances on two axes of technology development - support technologies for safer vessel operation and technologies to reduce the environmental impact of transport operations. It moves toward these objectives by verifying the specific, practical effects of new technologies that can en-hance its economic competitiveness and increase its corporate value.

LNG-fueled tugboat (image)

Technology Development4 Technology Development 5

The Wind Challenger Project is a joint industry-government-academia program looking at adopting huge extendable rigid sails on a large cargo ship, with the goal of reducing energy consump-tion by 50%, with a corresponding reduction in CO2 emissions. Spearheaded by the University of Tokyo, the project encompasses 13 organizations including MOL, Nippon Kaiji Kyokai (Class NK), and shipbuilding companies. The participants developed large-scale solid sails using composite materials, researched the major characteristics of the target ship type, studied fluid flow analysis methods, and developed weather routing methods. MOL is one of the key players working to realize this revolutionary concept.

Wind Challenger Project BuildsStorehouse of Knowledge for the Future

MOL has pushed ahead with development of the funda-mental technology for autonomous navigation, with the aim of enhancing safety and efficiency. The objectives are to provide the critical information that maritime officers need and to develop a system to detect and avoid obstacles during vessel operation.Our group teamed up with Furuno Electric Co., Ltd. to develop a system that supports ship operation during voy-ages using Augmented Reality (AR) technology. And we are accelerating our initiative on practical use of Rolls-Royce Marine’s Intelligence Awareness System (IAS), adapting the system to an MOL-operated car carrier and coastal ferry for verification tests.

Initiatives to Realize Autonomous Ships

MOL is also moving ahead with the construction of an LNG-fueled tugboat. The majority of today’s ships use diesel engines fueled by heavy oil, but switching to LNG fuel can reduce emissions of CO2, nitrogen oxide (NOx), and sulfur oxide (SOx). Yanmar Co., Ltd. will supply LNG-fueled engines, and the tugboat will be constructed at Kanagawa Dockyard Co., Ltd. The high-performance dual fuel engines allow high-speed operation with superior environmental performance, and it will be the first LNG-fueled tugboat to escort large-scale cargo ships in Osaka Bay and the Seto Inland Sea. It will enter service in Osaka Bay in April 2019. Osaka Gas Co., Ltd. will supply LNG fuel to the tugboat. Nihon Tug-Boat Co., Ltd. will operate it. MOL will make the use of the know-how gained through develop-ment and operation of the tugboat in its future initiatives to promote the development and adoption of other LNG-fueled vessels.

Constructing an LNG-fueled Tugboat~ 1st LNG Fueled Tugboat Serving Osaka Bay ~

Propeller Boss Cap Fins (PBCF) have already been adopted on more than 3,100 vessels all over the world. MOL, Akishima Laboratories (Mitsui Zosen) Inc., and MOL Techno-Trade, Ltd. have jointly devel-oped an upgraded PBCF that offers even greater energy-saving effects. The new design enhances propeller thrust and reduces torque thanks to refinements in fin shape and height. Tests of the new PBCF on vessels in service confirmed an energy savings of around 5% compared to sister vessels not equipped with PBCF. The new PBCF design has already been patented around the world. PBCF testing also confirmed a noise reduction of 3 to 6 decibels in a specific underwater frequency range by reducing cavitation (the formation/extinction of bubbles). As a result, the PBCF was selected by the Port of Vancouver (Canada)’s EcoAction Program for reduc-ing cavitation and underwater noise that can negatively impact whales and other marine mammals.

Redesigned, Refined Propeller Boss Cap Fins (PBCF)~ Meeting Higher Needs for Environmental Protection by Enhancing Energy-saving Performance ~

Technology DevelopmentThe Quest for Advanced Transport Technologies and a Cleaner Environment

20,000 TEU Containership Reflects aHost of Environmental InitiativesThe 20,000 TEU containership delivered in 2017 adopts various technologies to reduce environmental impact.●Optimized hull designDesign refinements in the bow and stern of the hull, and the optimized bulbous bow shape are expected to realize a 4.5% improvement in fuel efficiency.●For the shift to LNG fuelMOL has studied instal lat ion of equipment and machinery that can run on LNG, significantly reducing SOx emissions.

●SOx scrubber retrofittingThe vessel is designed to simplify retrofitting of a SOx scrubber, in addition to the LNG conversion, offering even greater flexibility in responding to fuel supply conditions.

IAS in use

In 2016, MOL launched the ISHIN NEXT ~MOL SMART SHIP PROJECT~, a new technology development project that builds on the success of the Senpaku ISHIN project announced in 2009. The company researches diverse needs and the latest technologies as it advances on two axes of technology development - support technologies for safer vessel operation and technologies to reduce the environmental impact of transport operations. It moves toward these objectives by verifying the specific, practical effects of new technologies that can en-hance its economic competitiveness and increase its corporate value.

LNG-fueled tugboat (image)

Technology Development4 Technology Development 5

Forging Ahead to Become the World Leader in Safe Operation

One of MOL’s innovative program provides training aboard actual vessels in service to develop work-ready officers through practical instruction. Under this program, dedicated instructors and cadets board a vessel together during in-service operation to conduct hands-on training. The goal is to give cadets a deeper understanding of MOL’ s safe operation guidelines and help them learn and develop behaviors based on those guidelines, while providing individual coach-ing in small groups as part of an enhanced on-the-job training environ-ment.

‘CADET’ Training Program[Cadet Actual Deployment for Education with Tutorial]

MOL New Maritime Academy in Philippines to Open in August[Construction of Facilities Completed, Official Approval Received]

MOL Training Centers

OJT InstructorsSeasoned captains and chief engineers, who have received special training as instructors, board vessels to identify unsafe behavior that can be spotted only on site during vessel operation. This increases the effectiveness of crew-member education by providing on-site guidance and tips for improvement.

High-performance bridge simulator

MOL’s comprehensive efforts to enhance operating safety include the Safety Operation Supporting Center (SOSC), which monitors the status of vessels 24 hours a day/365 days a year, and providing top-quality seafarer education at eight training centers around the world.

Filipino seafarers play essential roles in MOL’s worldwide vessel opera-tions, and they are becoming even more critical as safe-operation technology grows more sophisticated and requires more advanced skills. MOL will continue to recruit and train top-quality seafarers as it strives to remain a world leader in safe operation. The company teamed up with Magsaysay Maritime Corporation* to establish one of the world's best merchant marine academies with in the Asia/Oceania region, representing a major initiative in its ongoing drive to ensure the highest level of safety in all phases of its business.

Academy main entrance Training facility "Ship in Campus"

* MOL’s partner. MOL and MMC jointly established the manning company Magsaysay MOL Marine Inc. in 1997.

Safety Operation Supporting Center (SOSC)

The Safety Operation Supporting Center (SOSC) monitors the status of vessels around the clock, enabling them to respond appropriately to various risks involved in vessel operation, including external factors such as weather and sea conditions. Vessels at sea can count on the center for direct links to essential information such as weather updates, navigation warnings, and security alerts. Staffed by experi-enced MOL captains, the center serves as a comprehensive resource to support the safety of all MOL Group vessels.

Virtual Reality Takes Crewmember Training to a New Level

Onboard safety education (left), virtual reality-based safety education (right)

Safety Management In Every Phase of Operations, the Top Priority is

The MOL Group Corporate Principles call for us to “nurture and protect the natural environ-ment by maintaining the highest standards of operational safety and navigation.” Accord-ingly, we work toward constantly improving our service, while never letting up when it comes to enhanced safety management. We have established the Safety Operations Headquarters, which shortens the distance be-tween management and front-line employees at sea, and given our ship management orga-nizations the responsibility and authority to establish safety managements systems based on a bottom-up approach. Safety management is a fundamental part of our business, essential not only to our growth as a corporation, but also in winning the trust of our customers and maintaining our reputa-tion in society.MOL regards enhancement of safe operation as the highest priority in all of its business ac-tivities, pressing ahead with initiatives aimed at recruiting and training highly skilled seafar-ers, improving risk assessment and management capabilities, and advancing the adoption of sophisticated information technology.

MOL is working to develop and introduce a system that uses virtual reality to simulate training scenarios that are difficult to replicate in real life to ensue more effective safety education.

MOL operates eight crew training centers around the world to help us train and develop highly skilled crewmembers, who are indispensable for maintaining the safe operation of our vessels. These centers feature advanced training equipment such as high-performance bridge simulators and cargo loading/discharging simulators. The centers provide various training programs including Bridge Resource Management (BRM), which helps trainees develop comprehensive judgment and teamwork.

Trainees practice using the Electronic Chart Display and Information System (ECDIS) and a sea chart table.

Cadets attend a lecture in newly added classroom onboard the training ship.

Onboard training

Safety Management6 Safety Management 7

Forging Ahead to Become the World Leader in Safe Operation

One of MOL’s innovative program provides training aboard actual vessels in service to develop work-ready officers through practical instruction. Under this program, dedicated instructors and cadets board a vessel together during in-service operation to conduct hands-on training. The goal is to give cadets a deeper understanding of MOL’ s safe operation guidelines and help them learn and develop behaviors based on those guidelines, while providing individual coach-ing in small groups as part of an enhanced on-the-job training environ-ment.

‘CADET’ Training Program[Cadet Actual Deployment for Education with Tutorial]

MOL New Maritime Academy in Philippines to Open in August[Construction of Facilities Completed, Official Approval Received]

MOL Training Centers

OJT InstructorsSeasoned captains and chief engineers, who have received special training as instructors, board vessels to identify unsafe behavior that can be spotted only on site during vessel operation. This increases the effectiveness of crew-member education by providing on-site guidance and tips for improvement.

High-performance bridge simulator

MOL’s comprehensive efforts to enhance operating safety include the Safety Operation Supporting Center (SOSC), which monitors the status of vessels 24 hours a day/365 days a year, and providing top-quality seafarer education at eight training centers around the world.

Filipino seafarers play essential roles in MOL’s worldwide vessel opera-tions, and they are becoming even more critical as safe-operation technology grows more sophisticated and requires more advanced skills. MOL will continue to recruit and train top-quality seafarers as it strives to remain a world leader in safe operation. The company teamed up with Magsaysay Maritime Corporation* to establish one of the world's best merchant marine academies with in the Asia/Oceania region, representing a major initiative in its ongoing drive to ensure the highest level of safety in all phases of its business.

Academy main entrance Training facility "Ship in Campus"

* MOL’s partner. MOL and MMC jointly established the manning company Magsaysay MOL Marine Inc. in 1997.

Safety Operation Supporting Center (SOSC)

The Safety Operation Supporting Center (SOSC) monitors the status of vessels around the clock, enabling them to respond appropriately to various risks involved in vessel operation, including external factors such as weather and sea conditions. Vessels at sea can count on the center for direct links to essential information such as weather updates, navigation warnings, and security alerts. Staffed by experi-enced MOL captains, the center serves as a comprehensive resource to support the safety of all MOL Group vessels.

Virtual Reality Takes Crewmember Training to a New Level

Onboard safety education (left), virtual reality-based safety education (right)

Safety Management In Every Phase of Operations, the Top Priority is

The MOL Group Corporate Principles call for us to “nurture and protect the natural environ-ment by maintaining the highest standards of operational safety and navigation.” Accord-ingly, we work toward constantly improving our service, while never letting up when it comes to enhanced safety management. We have established the Safety Operations Headquarters, which shortens the distance be-tween management and front-line employees at sea, and given our ship management orga-nizations the responsibility and authority to establish safety managements systems based on a bottom-up approach. Safety management is a fundamental part of our business, essential not only to our growth as a corporation, but also in winning the trust of our customers and maintaining our reputa-tion in society.MOL regards enhancement of safe operation as the highest priority in all of its business ac-tivities, pressing ahead with initiatives aimed at recruiting and training highly skilled seafar-ers, improving risk assessment and management capabilities, and advancing the adoption of sophisticated information technology.

MOL is working to develop and introduce a system that uses virtual reality to simulate training scenarios that are difficult to replicate in real life to ensue more effective safety education.

MOL operates eight crew training centers around the world to help us train and develop highly skilled crewmembers, who are indispensable for maintaining the safe operation of our vessels. These centers feature advanced training equipment such as high-performance bridge simulators and cargo loading/discharging simulators. The centers provide various training programs including Bridge Resource Management (BRM), which helps trainees develop comprehensive judgment and teamwork.

Trainees practice using the Electronic Chart Display and Information System (ECDIS) and a sea chart table.

Cadets attend a lecture in newly added classroom onboard the training ship.

Onboard training

Safety Management6 Safety Management 7

BRASIL MARU, one of the world’s largest iron ore carriers

Dry Bulker TransportMoving Resources on a Global Scale with the World’s Largest Fleet

Industries around the world depend on a host of resources-iron ore, coal, grain, woodchips, fertilizers, salt, and more. The MOL Group fleet transports these vital commodities not only to Japan, but also to nations all over the world as economic growth and the shifting interna-tional division of labor spur the development of new manufacturing centers. MOL’ s dry bulker fleet, the largest in the world, offers flexible, reliable service with a full lineup of specialized carriers designed to meet the specific characteristics of different car-goes and conditions at loading and discharging ports. We also have a wide range of versa-tile bulkers from small to large size, flexibly meeting various trades around the world and providing high-quality transport services.Looking to the future, MOL is taking a proactive stance to develop LNG-fueled dry bulkers, in response to rising environmental concerns and stricter international standards on exhaust emissions from merchant ships.

Dry Bulk Transport 9Dry Bulk Transport8

BRASIL MARU, one of the world’s largest iron ore carriers

Dry Bulker TransportMoving Resources on a Global Scale with the World’s Largest Fleet

Industries around the world depend on a host of resources-iron ore, coal, grain, woodchips, fertilizers, salt, and more. The MOL Group fleet transports these vital commodities not only to Japan, but also to nations all over the world as economic growth and the shifting interna-tional division of labor spur the development of new manufacturing centers. MOL’ s dry bulker fleet, the largest in the world, offers flexible, reliable service with a full lineup of specialized carriers designed to meet the specific characteristics of different car-goes and conditions at loading and discharging ports. We also have a wide range of versa-tile bulkers from small to large size, flexibly meeting various trades around the world and providing high-quality transport services.Looking to the future, MOL is taking a proactive stance to develop LNG-fueled dry bulkers, in response to rising environmental concerns and stricter international standards on exhaust emissions from merchant ships.

Dry Bulk Transport 9Dry Bulk Transport8

Capesize100K dwt -

Panamax65-100K dwt

Handymax40-65K dwt

Handysize10-40K dwt

There are various sizes and types of dry bulkers according to the volume of cargo to be transported and facilities at ports of call.Capesize bulkers, the largest dry bulkers in service, transport iron core, coal, and grain. They are so called because they travel between the Atlantic and Pacific oceans via the Cape of Good Hope instead of passing through the Panama Canal (before its expansion). Among the Capesize vessels are very large ore carriers (VLOCs) of more over than 400,000 deadweight tons. These massive ships are designed to efficiently load and discharge huge quantities of iron ore, which has a high specific gravity. Panamax bulkers are the largest ships capable of transiting the pre-expansion Panama Canal. They measure up to 900ft (about 274m) long and 106ft (about 32m) wide. They are well suited to transport grain shipped from ports on the Gulf of Mexico to Asia, as do Handy-max bulkers. Handymax and Handysize bulkers are equipped with loading/unloading equipment, allowing them to load and discharge cargo at ports that do not have their own facilities. The “Handy” in their names refers to the convenience of being able to load and unload at virtually any port. These bulkers transport a variety of dry bulk cargoes such as grain, metals, and steel products, in smaller lots than Capesize bulker and Panamax bulker. The MOL Group also operates other specialized bulkers such as woodchip carriers, cement carriers, and heavy-weight product carriers.

Dry Bulkers Designed for Specific NeedsThe size used for each service is determined by the transport lot requested by the customer, which depends on various factors such as the volume of cargo to be transported, restrictions at the ports of call, and so on, and the optimal size is selected to meet the lot. The chart at right shows standard combinations of cargo and hull design.

Dry Bulker Sizes Size Category and Main Transport Cargoes

Iron ore Coal

* dwt: Deadweight tonnage

Major grains (wheat, corn, beans)

Minor bulk(minerals, metals,

agricultural products, fertilizers, steel products,

woodchips, etc.)

Loading woodchips

Loading steel products Unloading cargo from a Capesize bulker Woodchip carrier CROSSANDRA *Other combinations of size and cargo are possible on a voyage-by-voyage basis.

Loading coal

Handysize bulker C.S. STARWoodchip carrier WATER LILLY loading cargo

Dry Bulk Transport10 Dry Bulk Transport 11

Capesize100K dwt -

Panamax65-100K dwt

Handymax40-65K dwt

Handysize10-40K dwt

There are various sizes and types of dry bulkers according to the volume of cargo to be transported and facilities at ports of call.Capesize bulkers, the largest dry bulkers in service, transport iron core, coal, and grain. They are so called because they travel between the Atlantic and Pacific oceans via the Cape of Good Hope instead of passing through the Panama Canal (before its expansion). Among the Capesize vessels are very large ore carriers (VLOCs) of more over than 400,000 deadweight tons. These massive ships are designed to efficiently load and discharge huge quantities of iron ore, which has a high specific gravity. Panamax bulkers are the largest ships capable of transiting the pre-expansion Panama Canal. They measure up to 900ft (about 274m) long and 106ft (about 32m) wide. They are well suited to transport grain shipped from ports on the Gulf of Mexico to Asia, as do Handy-max bulkers. Handymax and Handysize bulkers are equipped with loading/unloading equipment, allowing them to load and discharge cargo at ports that do not have their own facilities. The “Handy” in their names refers to the convenience of being able to load and unload at virtually any port. These bulkers transport a variety of dry bulk cargoes such as grain, metals, and steel products, in smaller lots than Capesize bulker and Panamax bulker. The MOL Group also operates other specialized bulkers such as woodchip carriers, cement carriers, and heavy-weight product carriers.

Dry Bulkers Designed for Specific NeedsThe size used for each service is determined by the transport lot requested by the customer, which depends on various factors such as the volume of cargo to be transported, restrictions at the ports of call, and so on, and the optimal size is selected to meet the lot. The chart at right shows standard combinations of cargo and hull design.

Dry Bulker Sizes Size Category and Main Transport Cargoes

Iron ore Coal

* dwt: Deadweight tonnage

Major grains (wheat, corn, beans)

Minor bulk(minerals, metals,

agricultural products, fertilizers, steel products,

woodchips, etc.)

Loading woodchips

Loading steel products Unloading cargo from a Capesize bulker Woodchip carrier CROSSANDRA *Other combinations of size and cargo are possible on a voyage-by-voyage basis.

Loading coal

Handysize bulker C.S. STARWoodchip carrier WATER LILLY loading cargo

Dry Bulk Transport10 Dry Bulk Transport 11

Very large crude carrier (VLCC) KAZUSA

Energy TransportA Proven Track Record in Contributing to a Stable Energy Supply

Demand for energy has been expanding in step with worldwide economic growth. In recent years, energy resources and trade have diversified. And yet demand is increasing steadily for petroleum, which continues to fuel the world’s energy market, as well as natural gas. MOL develops its energy transport business on a worldwide scale, backed by the world’s largest fleet, a track record of success, and decades of know-how. The company focuses on enhancing the quality of its fleet and providing the most up-to-date seafarer education and training in energy transport sectors including crude oil and LNG, which require ad-vanced technological capabilities. We play an essential role in providing a stable supply of energy with a comprehensive safety system covers both hardware and software aspects. Building on our strong track record of success in energy transport, MOL is also moving ag-gressively into new offshore businesses such as floating storage and regasification units (FSRUs) and floating production, storage and offloading units (FPSOs).

Energy Transport 13Energy Transport12

Very large crude carrier (VLCC) KAZUSA

Energy TransportA Proven Track Record in Contributing to a Stable Energy Supply

Demand for energy has been expanding in step with worldwide economic growth. In recent years, energy resources and trade have diversified. And yet demand is increasing steadily for petroleum, which continues to fuel the world’s energy market, as well as natural gas. MOL develops its energy transport business on a worldwide scale, backed by the world’s largest fleet, a track record of success, and decades of know-how. The company focuses on enhancing the quality of its fleet and providing the most up-to-date seafarer education and training in energy transport sectors including crude oil and LNG, which require ad-vanced technological capabilities. We play an essential role in providing a stable supply of energy with a comprehensive safety system covers both hardware and software aspects. Building on our strong track record of success in energy transport, MOL is also moving ag-gressively into new offshore businesses such as floating storage and regasification units (FSRUs) and floating production, storage and offloading units (FPSOs).

Energy Transport 13Energy Transport12

MOL’s fleet includes very large crude oil carriers (VLCCs) of more than 200,000 DWT and smaller vessels called Aframax tankers, contributing to the safe delivery of crude oil all around the world. The fleet also has various types of vessels that meet specific cargo characteristics-product tankers that transport refined petroleum products such as gas oils, naphtha, and gasoline, chemical tankers that transport liquid chemical products, and metha-nol carriers.Methanol is drawing attention as an environmentally friendly fuel that can reduce nitrogen oxide (NOx) and sulfur oxide (SOx) emissions. Ahead of other companies, MOL is constantly adapting cutting-edge technology such as dual-fuel engines capable of running on either methanol or fuel oil. To optimize customer service and provide safe and efficient transport, MOL integrates its high-level expertise in crude oil and petroleum transport with group ship management com-panies that specialize in tanker operation. In addition, we provide specialized seafarer edu-cation and training for tanker operation and cargo loading and discharging at our training centers, and have developed a practical training system in which apprentice crewmembers actually serve aboard a tanker.

The Liquefied Cargo Transport ExpertDemand for liquefied natural gas (LNG) has been increasing as an environmentally friendly, clean energy source. MOL has accumulated considerable expertise in this field since 1983, when we first participated in LNG transport, and is proud to be in the forefront of LNG carrier ownership, management, and operation. In 2018, we became the first Asian shipping com-pany to operate an ice-breaking LNG carrier for the Yamal LNG project, and pioneered the Northern Sea Route, moving ahead with our cutting-edge initiatives.MOL manages its LNG carriers through six companies around the globe, in Tokyo, London, Hong Kong, Jakarta, Muscat (Oman), and Arzew (Algeria), maintaining safe operation with advanced transport technologies and highly skilled personnel. MOL owns and operates liquefied petroleum gas (LPG) tankers, and in 2016, building upon our extensive experience and know-how acquired in both the LNG carrier and LPG carrier fields, we began operating the world’s first very large ethane carrier in a strategic tie with Reliance Industries Limited in India. MOL continually strives to provide safe, reliable ocean transport services to meet demand for liquefied gas, a sector where we anticipate robust growth in the future.

Aiming at Stable Transport of Emerging Clean Energy Resources

The world’s first very large ethane carrier ETHANE CRYSTAL

LNG carrier LNG PIONEER

Product tanker GARNET EXPRESS

Chemical carrier GINGA OCELOT

Tankers LNG CarriersTARANAKI SUN, a methanol tanker that can use methanol as fuel LNG tanker LNG VESTA

Energy Transport14 Energy Transport 15

MOL’s fleet includes very large crude oil carriers (VLCCs) of more than 200,000 DWT and smaller vessels called Aframax tankers, contributing to the safe delivery of crude oil all around the world. The fleet also has various types of vessels that meet specific cargo characteristics-product tankers that transport refined petroleum products such as gas oils, naphtha, and gasoline, chemical tankers that transport liquid chemical products, and metha-nol carriers.Methanol is drawing attention as an environmentally friendly fuel that can reduce nitrogen oxide (NOx) and sulfur oxide (SOx) emissions. Ahead of other companies, MOL is constantly adapting cutting-edge technology such as dual-fuel engines capable of running on either methanol or fuel oil. To optimize customer service and provide safe and efficient transport, MOL integrates its high-level expertise in crude oil and petroleum transport with group ship management com-panies that specialize in tanker operation. In addition, we provide specialized seafarer edu-cation and training for tanker operation and cargo loading and discharging at our training centers, and have developed a practical training system in which apprentice crewmembers actually serve aboard a tanker.

The Liquefied Cargo Transport ExpertDemand for liquefied natural gas (LNG) has been increasing as an environmentally friendly, clean energy source. MOL has accumulated considerable expertise in this field since 1983, when we first participated in LNG transport, and is proud to be in the forefront of LNG carrier ownership, management, and operation. In 2018, we became the first Asian shipping com-pany to operate an ice-breaking LNG carrier for the Yamal LNG project, and pioneered the Northern Sea Route, moving ahead with our cutting-edge initiatives.MOL manages its LNG carriers through six companies around the globe, in Tokyo, London, Hong Kong, Jakarta, Muscat (Oman), and Arzew (Algeria), maintaining safe operation with advanced transport technologies and highly skilled personnel. MOL owns and operates liquefied petroleum gas (LPG) tankers, and in 2016, building upon our extensive experience and know-how acquired in both the LNG carrier and LPG carrier fields, we began operating the world’s first very large ethane carrier in a strategic tie with Reliance Industries Limited in India. MOL continually strives to provide safe, reliable ocean transport services to meet demand for liquefied gas, a sector where we anticipate robust growth in the future.

Aiming at Stable Transport of Emerging Clean Energy Resources

The world’s first very large ethane carrier ETHANE CRYSTAL

LNG carrier LNG PIONEER

Product tanker GARNET EXPRESS

Chemical carrier GINGA OCELOT

Tankers LNG CarriersTARANAKI SUN, a methanol tanker that can use methanol as fuel LNG tanker LNG VESTA

Studies indicate that some 30% of the world’s undiscovered natural gas reserves are in the Arctic Circle. Despite this huge potential, until recently there has been no means of transport to get this resource to market. Today, the Northern Sea Route, in which ice-breaking vessels pass along the Russian coast to the Bering Strait is drawing worldwide attention as a new transport route, as climate change reduces the ice pack in the Arctic Ocean.

Taking Part in the Yamal LNG Project

MOL’s New Initiatives

MOL invested in U.K.-based Seajacks International Limited, which owns and operates five wind turbine installation vessel, as the first step into the renewable energy business field. The vessel is equipped with legs that rest on the seabed and can move up and down to keep the hull at the proper height. This ensures that wind power generation facilities, which are seeing expanded use around the world, particularly in Europe, are installed safely and efficiently. Maximizing the capabilities of its vessels, Seajacks plays an active role in installing these facilities’ windmill turbines and basic structure, as well as mainte-nance of facilities at offshore oil and gas fields. Seajacks is looking to expand this business in Japan and other parts of Asia. In addition, MOL is exploring additional opportunities in the renewable energy business.

Wind Turbine Installation Vessel Operation~ Another Move into the Offshore Business Following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel ~

MOL is building the world’s largest LNG bunker vessel, with a capacity of 18,600m3. In February 2018, we signed a long-term charter contract with Singapore-based Total Marine Fuels Global Solutions (TMFGS) for the vessel, which is slated for delivery in 2020. TMFGS plans to use the new vessel to supply LNG fuel to CMA CGM’s 22,000 TEU LNG-fueled mega containership (under a contract signed in December 2017) and bunker LNG-fueled containerships serving

Eu rope/As ia rou tes , whe re demand i s expected to increase. MOL will use this project as a stepping stone to expand and enhance its LNG-fueled vessel and LNG fuel supply vessel businesses. We will also make use the know-how and relationships developed through this project as we plan our future moves into the LNG fuel supply business.

Construction of an LNG Bunker Vessel~ Signing a Long-term Charter Contract with Total ~

LNG fuel supply vessel (image)

The ice-breaking vessel can independently sail in seas with ice up to 2.1m thick.

MOL’s first ice-breaking LNG carrier, VLADIMIR RUSANOV

MOL takes a proactive stance in the offshore business, where we anticipate further growth, by using the experience accumulated in LNG carrier and tanker operation. Floating production, storage and offloading (FPSO) units and floating storage and regasifica-tion units (FSRUs), which use a vessel moored in a specific place rather than to transport resources from one place to another, are typical of MOL’s offshore business.We entered the FPSO business in 2010, and participate in six projects off the coast of Brazil and one off Ghana. On the other hand, in 2017, we were the first Asian shipping company to take delivery of an FSRU, which will start operation in Turkey. We are also studying other FSRU projects in light of rising demand for LNG, mainly in emerging markets, and continue to take a proactive stance this promising field.In 2014, we entered the shuttle tanker business, which involves transporting crude oil from FPSOs to onshore oil refineries, in 2016, we made our first foray into the subsea support business, which includes installation, maintenance, repair, and decommissioning of subsea equipment, and in 2017, we entered the renewable energy business through involvement in a company that operates turbine installation vessels.

Broadening Our Horizons with ChallengingNew Offshore Business Projects

FPSO CIDADE DE CARAGUATATUBA MV27(Photo courtesy : MODEC, Inc.)

Subsea Support Vessel SKANDI SANTOS

Offshore BusinessMOL FSRU CHALLENGER, delivered in October 2017

Via Suez Canal (winter)13,700 miles

(55 days/10 knots)

Yamal LNG

Northern Sea Route (summer)4,900 miles

(20 days/10 knots)

The Yamal LNG project is LNG production at gas fields distributed in Yamal Peninsula located in the Arctic Circle in Russia. Under the severe environment which temperature reaches -50℃ in winter, the plant was constructed and LNG production started in December 2017. MOL determined to take part in the project in 2014, challenging LNG transport via the Northern Sea Route (NSR) by the world’s first ice-breaking LNG carrier.MOL assigned engineers to the shipyard in South Korea to construct the series-three of 15 owned by MOL-of the world’s first ice-breaking LNG carriers in safe and high quality. In addition, we had developed the ship management system toward operation on NSR through seafarer training under the actual environ-ment, such as training at ice sea sailing at the Russian training institute, trainings onboard the ice-breaking escort ship and heavyweight cargo ship, which are operated on NSR. The first MOL-owned vessel was delivered from the shipyard in South Korea in January 2018, and deployed in the project at the end of March after sea trials (ice trials) in the Arctic Ocean. The second vessel will be delivered at the end of 2018 and third at the end of 2019 to serve in LNG transport form the Arctic Circle.MOL accumulates the world’s leading edge know-how and resources of operation on NSR through the project, and strives to further enhance high-quality ocean transport services by precisely meeting global customers’ needs.

SEAJACKS SCYLLA, the world’s largest wind turbine installation vessel, owned and operated by Seajacks

Studies indicate that some 30% of the world’s undiscovered natural gas reserves are in the Arctic Circle. Despite this huge potential, until recently there has been no means of transport to get this resource to market. Today, the Northern Sea Route, in which ice-breaking vessels pass along the Russian coast to the Bering Strait is drawing worldwide attention as a new transport route, as climate change reduces the ice pack in the Arctic Ocean.

Taking Part in the Yamal LNG Project

MOL’s New Initiatives

MOL invested in U.K.-based Seajacks International Limited, which owns and operates five wind turbine installation vessel, as the first step into the renewable energy business field. The vessel is equipped with legs that rest on the seabed and can move up and down to keep the hull at the proper height. This ensures that wind power generation facilities, which are seeing expanded use around the world, particularly in Europe, are installed safely and efficiently. Maximizing the capabilities of its vessels, Seajacks plays an active role in installing these facilities’ windmill turbines and basic structure, as well as mainte-nance of facilities at offshore oil and gas fields. Seajacks is looking to expand this business in Japan and other parts of Asia. In addition, MOL is exploring additional opportunities in the renewable energy business.

Wind Turbine Installation Vessel Operation~ Another Move into the Offshore Business Following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel ~

MOL is building the world’s largest LNG bunker vessel, with a capacity of 18,600m3. In February 2018, we signed a long-term charter contract with Singapore-based Total Marine Fuels Global Solutions (TMFGS) for the vessel, which is slated for delivery in 2020. TMFGS plans to use the new vessel to supply LNG fuel to CMA CGM’s 22,000 TEU LNG-fueled mega containership (under a contract signed in December 2017) and bunker LNG-fueled containerships serving

Eu rope/As ia rou tes , whe re demand i s expected to increase. MOL will use this project as a stepping stone to expand and enhance its LNG-fueled vessel and LNG fuel supply vessel businesses. We will also make use the know-how and relationships developed through this project as we plan our future moves into the LNG fuel supply business.

Construction of an LNG Bunker Vessel~ Signing a Long-term Charter Contract with Total ~

LNG fuel supply vessel (image)

The ice-breaking vessel can independently sail in seas with ice up to 2.1m thick.

MOL’s first ice-breaking LNG carrier, VLADIMIR RUSANOV

MOL takes a proactive stance in the offshore business, where we anticipate further growth, by using the experience accumulated in LNG carrier and tanker operation. Floating production, storage and offloading (FPSO) units and floating storage and regasifica-tion units (FSRUs), which use a vessel moored in a specific place rather than to transport resources from one place to another, are typical of MOL’s offshore business.We entered the FPSO business in 2010, and participate in six projects off the coast of Brazil and one off Ghana. On the other hand, in 2017, we were the first Asian shipping company to take delivery of an FSRU, which will start operation in Turkey. We are also studying other FSRU projects in light of rising demand for LNG, mainly in emerging markets, and continue to take a proactive stance this promising field.In 2014, we entered the shuttle tanker business, which involves transporting crude oil from FPSOs to onshore oil refineries, in 2016, we made our first foray into the subsea support business, which includes installation, maintenance, repair, and decommissioning of subsea equipment, and in 2017, we entered the renewable energy business through involvement in a company that operates turbine installation vessels.

Broadening Our Horizons with ChallengingNew Offshore Business Projects

FPSO CIDADE DE CARAGUATATUBA MV27(Photo courtesy : MODEC, Inc.)

Subsea Support Vessel SKANDI SANTOS

Offshore BusinessMOL FSRU CHALLENGER, delivered in October 2017

Via Suez Canal (winter)13,700 miles

(55 days/10 knots)

Yamal LNG

Northern Sea Route (summer)4,900 miles

(20 days/10 knots)

The Yamal LNG project is LNG production at gas fields distributed in Yamal Peninsula located in the Arctic Circle in Russia. Under the severe environment which temperature reaches -50℃ in winter, the plant was constructed and LNG production started in December 2017. MOL determined to take part in the project in 2014, challenging LNG transport via the Northern Sea Route (NSR) by the world’s first ice-breaking LNG carrier.MOL assigned engineers to the shipyard in South Korea to construct the series-three of 15 owned by MOL-of the world’s first ice-breaking LNG carriers in safe and high quality. In addition, we had developed the ship management system toward operation on NSR through seafarer training under the actual environ-ment, such as training at ice sea sailing at the Russian training institute, trainings onboard the ice-breaking escort ship and heavyweight cargo ship, which are operated on NSR. The first MOL-owned vessel was delivered from the shipyard in South Korea in January 2018, and deployed in the project at the end of March after sea trials (ice trials) in the Arctic Ocean. The second vessel will be delivered at the end of 2018 and third at the end of 2019 to serve in LNG transport form the Arctic Circle.MOL accumulates the world’s leading edge know-how and resources of operation on NSR through the project, and strives to further enhance high-quality ocean transport services by precisely meeting global customers’ needs.

SEAJACKS SCYLLA, the world’s largest wind turbine installation vessel, owned and operated by Seajacks

The first ship of the next-generation car carrier FLEXIE series, BELUGA ACE

Product TransportMeeting Diversified Transport Needs with Advanced Networks and High-Quality Services

Worldwide cargo traffic has continued to grow along with the progress of economic global-ization, including the growth of emerging countries and the shift of manufacturing plants to overseas locations. MOL transports a broad range of products, from industrial products to general consumer goods and automobiles, with a service network that covers the globe.In our car carrier operations, we offer services that precisely meet the diversified transport needs and distribution patterns of today’s automobile manufacturers. MOL, as a pioneer with a half century of success, provides comprehensive, top-quality, local market-oriented services such as land transport, coastal shipping, and terminal operation. In the containership field, Ocean Network Express (ONE), which was created through the integration of three Japanese shipping companies’ container shipping businesses, started its services in April 2018. It offers an enhanced level of service with one of the world’ s largest fleets and an extensive network of calling ports. In addition, MOL provides extensive logistics services, drawing upon its ocean shipping know-how and specialized group com-panies to meet diversified logistics needs.

Product Transport 19Product Transport18

The first ship of the next-generation car carrier FLEXIE series, BELUGA ACE

Product TransportMeeting Diversified Transport Needs with Advanced Networks and High-Quality Services

Worldwide cargo traffic has continued to grow along with the progress of economic global-ization, including the growth of emerging countries and the shift of manufacturing plants to overseas locations. MOL transports a broad range of products, from industrial products to general consumer goods and automobiles, with a service network that covers the globe.In our car carrier operations, we offer services that precisely meet the diversified transport needs and distribution patterns of today’s automobile manufacturers. MOL, as a pioneer with a half century of success, provides comprehensive, top-quality, local market-oriented services such as land transport, coastal shipping, and terminal operation. In the containership field, Ocean Network Express (ONE), which was created through the integration of three Japanese shipping companies’ container shipping businesses, started its services in April 2018. It offers an enhanced level of service with one of the world’ s largest fleets and an extensive network of calling ports. In addition, MOL provides extensive logistics services, drawing upon its ocean shipping know-how and specialized group com-panies to meet diversified logistics needs.

Product Transport 19Product Transport18

In 1965, MOL launched the first car carrier to meet the needs of Japan’s burgeoning automobile export trade. Since then, as a pioneer in automobile transport, we have offered continual improvements in the safety and reliability of our car carrier service with the group fleet of 120 vessels, in step with the market’s globalization. The capacity of the first PCCs was about 1,200 automobiles. Today’s pure car and truck carriers (PCTCs) accommodate all types of vehicles, from passenger cars to construction machinery. PCTCs can transport 6,800 standard passenger cars at once. In addition, MOL takes a proactive stance in reducing the environmental impact of its vessels, adopting designs that limit the effects of wind resistance and introducing solar power generation systems.MOL-operated car carriers are known by their flagship name “ACE,” which instantly identifies these ships as MOL carriers and links them to our proud history of techno-logical innovation and environmental friendliness. The unified brand MOL Auto Car-rier Express (MOL ACE) now sets the stage to build on this tradition as we strive to expand in global markets under this brand.

Always a Pioneer in Automobile Transport

MOLACE (MOL Auto Carrier Express)

Car Carriers Ferries & Coastal RoRo Ships

Over 1.1 million passengers use MOL Group ferries every year. Various types of cabins, restaurants, a Japanese-style Grand Bath, amusement facilities, viewing decks, and other onboard facilities make ferry travel a pleasure. Four newbuilding ferries, featuring upgraded private rooms, were launched from 2017 through 2018. MOL Ferry passengers can relax and enjoy a peaceful cruise.

Offering ‘Casual Cruise’

Ferries are especially well-suited for transporting large volumes of goods over long distances, and play an indispensable role in linking Japan’ s major mar-kets and transporting industrial raw materials and products, foodstuffs, and more. We continue to strengthen our service network covering the area from Tomakomai (Hokkaido) in the north, to Shibushi (Kagoshima) in the south. The role of our ferry and coastal RoRo ship businesses is gaining importance with Japan’s modal shift in transportation as a driving force toward energy efficiency and environmental protection.

A Lifeline for Logistics in Japan

Newbuilding Ferry SUNFLOWER SATSUMA (image)

Newbuilding ferry entrance (image)

Newbuilding ferry suit room (image)

Loading cargo on a ferry

Meimon Taiyo Ferry’s FERRY OSAKA II

Newbuilding Ferry SUNFLOWER FURANOCar Carrier NEPTUNE ACE

Product Transport20 Product Transport 21

In 1965, MOL launched the first car carrier to meet the needs of Japan’s burgeoning automobile export trade. Since then, as a pioneer in automobile transport, we have offered continual improvements in the safety and reliability of our car carrier service with the group fleet of 120 vessels, in step with the market’s globalization. The capacity of the first PCCs was about 1,200 automobiles. Today’s pure car and truck carriers (PCTCs) accommodate all types of vehicles, from passenger cars to construction machinery. PCTCs can transport 6,800 standard passenger cars at once. In addition, MOL takes a proactive stance in reducing the environmental impact of its vessels, adopting designs that limit the effects of wind resistance and introducing solar power generation systems.MOL-operated car carriers are known by their flagship name “ACE,” which instantly identifies these ships as MOL carriers and links them to our proud history of techno-logical innovation and environmental friendliness. The unified brand MOL Auto Car-rier Express (MOL ACE) now sets the stage to build on this tradition as we strive to expand in global markets under this brand.

Always a Pioneer in Automobile Transport

MOLACE (MOL Auto Carrier Express)

Car Carriers Ferries & Coastal RoRo Ships

Over 1.1 million passengers use MOL Group ferries every year. Various types of cabins, restaurants, a Japanese-style Grand Bath, amusement facilities, viewing decks, and other onboard facilities make ferry travel a pleasure. Four newbuilding ferries, featuring upgraded private rooms, were launched from 2017 through 2018. MOL Ferry passengers can relax and enjoy a peaceful cruise.

Offering ‘Casual Cruise’

Ferries are especially well-suited for transporting large volumes of goods over long distances, and play an indispensable role in linking Japan’ s major mar-kets and transporting industrial raw materials and products, foodstuffs, and more. We continue to strengthen our service network covering the area from Tomakomai (Hokkaido) in the north, to Shibushi (Kagoshima) in the south. The role of our ferry and coastal RoRo ship businesses is gaining importance with Japan’s modal shift in transportation as a driving force toward energy efficiency and environmental protection.

A Lifeline for Logistics in Japan

Newbuilding Ferry SUNFLOWER SATSUMA (image)

Newbuilding ferry entrance (image)

Newbuilding ferry suit room (image)

Loading cargo on a ferry

Meimon Taiyo Ferry’s FERRY OSAKA II

Newbuilding Ferry SUNFLOWER FURANOCar Carrier NEPTUNE ACE

Product Transport20 Product Transport 21

Logistics ServicesMOL Logistics office and warehouse in Netherlands

MOL’s logistics network has expanded to 224 locations in 123 cities in 27 countries around the world. We offer a wide variety of services such as air and ocean freight forwarding, trucking, customs clearance, warehousing, inspection, heavyweight and over-sized cargo transport, and buyers’ consolidation, by taking advantage of the distinctive logistics services of our group compa-nies such as the MOL Logistics Group, UTOC Corporation, and MOL Consolidation Service. In recent years, we have pressed ahead with group-wide initiatives to expand our networks and enhance our services in regions such as Southeast Asia and Africa where we anticipate strong economic growth in the future.In March 2017, MOL acquired a 20.9% share in PKT Logistics Group Sdn. Bhd., the leader in Malaysia’ s logistics industry, to meet a broad range of logistics needs in Asian by collaborating with the group’s worldwide networks in addition to enhancing its logistics network in Malaysia.In addition, in May 2017, MOL Logistics (Japan) Co., Ltd. established its branch in Nairobi, the capital city if Kenya. The com-pany will use this foothold to expand its network throughout Africa, a region positioned for strong economic growth in the future. MOL strives to meet customer needs and continually aims to be the first company that comes to mind when customers think of a total logistics partner.

Total Logistics Services Brings together Group-wide Networks

Air cargo loading operation

PKT-owned and operatedOne Logistics Hub

ContainershipsContainership ONE STORK

Ocean Network Express (ONE) started service in April 2018. ONE was established in July 2017 by integrating the container liner businesses of MOL, Nippon Yusen Kaisha (NYK), and Kawasaki Kisen Kaisha ( “K” Line). The total fleet capacity after the integration is 1.44 million TEUs, the world’s sixth largest (as of June 2017). ONE operates 240 containerships, includ-ing 31 super-large ships classified as 20,000TEU class, the world’ s largest, and establishes a broad-ranging network in over 90 countries all over the world.

Ocean Network Express (ONE)

Terminal ServicesTraPac Los Angeles Terminal (U.S.)

MOL established “MOL Project & Heavy Cargo” as a unified brand encompassing our heavyweight and oversized cargo transport operations in 2015.Under the MOL Project & Heavy Cargo brand, we provide not only optimal transport, which covers various ship types, but also one-stop services including vanning and coastal and land transport, customs clearance, and assembly and installation.

Heavyweight Cargo Transport under the ‘MOL Project & Heavy Cargo’ Brand

The MOL Group not only operates container terminals in five ports-Tokyo, Yokohama, Nagoya, Osaka, and Kobe, but also offers cargo handling services for car carriers and other cargo ships in Japan as part of our comprehensive approach to the terminal business. The group also operates container terminals in eight ports overseas (three in the U.S., two in Vietnam, two in Thai-land, and one in the Netherlands). It also takes a proactive stance in the container depot business, particularly in Southeast Asia.The MOL Group promotes automated and hybrid operation of cargo handling at its facilities, striving to ensure safe, efficient, and environmentally friendly operations.

Owned-operated Terminals Play a Key Rolein Container Transport Value Chain

Tan Cang Cai Mep International Container Terminal (Vietnam)

Rotterdam World Gateway (The Netherlands)

Tokyo International Container Terminal

Heavyweight cargo transportusing a conventional freighter

Ocean Network Express logo

22 23Product Transport Product Transport

Logistics ServicesMOL Logistics office and warehouse in Netherlands

MOL’s logistics network has expanded to 224 locations in 123 cities in 27 countries around the world. We offer a wide variety of services such as air and ocean freight forwarding, trucking, customs clearance, warehousing, inspection, heavyweight and over-sized cargo transport, and buyers’ consolidation, by taking advantage of the distinctive logistics services of our group compa-nies such as the MOL Logistics Group, UTOC Corporation, and MOL Consolidation Service. In recent years, we have pressed ahead with group-wide initiatives to expand our networks and enhance our services in regions such as Southeast Asia and Africa where we anticipate strong economic growth in the future.In March 2017, MOL acquired a 20.9% share in PKT Logistics Group Sdn. Bhd., the leader in Malaysia’ s logistics industry, to meet a broad range of logistics needs in Asian by collaborating with the group’s worldwide networks in addition to enhancing its logistics network in Malaysia.In addition, in May 2017, MOL Logistics (Japan) Co., Ltd. established its branch in Nairobi, the capital city if Kenya. The com-pany will use this foothold to expand its network throughout Africa, a region positioned for strong economic growth in the future. MOL strives to meet customer needs and continually aims to be the first company that comes to mind when customers think of a total logistics partner.

Total Logistics Services Brings together Group-wide Networks

Air cargo loading operation

PKT-owned and operatedOne Logistics Hub

ContainershipsThe world’s largest containership, the 20,000 TEU MOL TRIUMPH

Ocean Network Express (ONE) started service in April 2018. ONE was established in July 2017 by integrating the container liner businesses of MOL, Nippon Yusen Kaisha (NYK), and Kawasaki Kisen Kaisha ( “K” Line). The total fleet capacity after the integration is 1.44 million TEUs, the world’s sixth largest (as of June 2017). ONE operates 240 containerships, includ-ing 31 super-large ships classified as 20,000TEU class, the world’ s largest, and establishes a broad-ranging network in over 90 countries all over the world.

Ocean Network Express (ONE)

Terminal ServicesTraPac Los Angeles Terminal (U.S.)

MOL established “MOL Project & Heavy Cargo” as a unified brand encompassing our heavyweight and oversized cargo transport operations in 2015.Under the MOL Project & Heavy Cargo brand, we provide not only optimal transport, which covers various ship types, but also one-stop services including vanning and coastal and land transport, customs clearance, and assembly and installation.

Heavyweight Cargo Transport under the ‘MOL Project & Heavy Cargo’ Brand

The MOL Group not only operates container terminals in five ports-Tokyo, Yokohama, Nagoya, Osaka, and Kobe, but also offers cargo handling services for car carriers and other cargo ships in Japan as part of our comprehensive approach to the terminal business. The group also operates container terminals in eight ports overseas (three in the U.S., two in Vietnam, two in Thai-land, and one in the Netherlands). It also takes a proactive stance in the container depot business, particularly in Southeast Asia.The MOL Group promotes automated and hybrid operation of cargo handling at its facilities, striving to ensure safe, efficient, and environmentally friendly operations.

Owned-operated Terminals Play a Key Rolein Container Transport Value Chain

Tan Cang Cai Mep International Container Terminal (Vietnam)

Rotterdam World Gateway (The Netherlands)

Tokyo International Container Terminal

Heavyweight cargo transportusing a conventional freighter

Ocean Network Express logo

22 23Product Transport Product Transport

Mitsui O.S.K. Passenger Lines, Ltd. (MOPAS) offers a broad lineup of cruises aboard the Nippon Maru, from casual overnight jaunts to cruises all over Japan, with a variety of themes and ports of call. MOPAS cruise guests can experience the relaxation of life at sea, and of course superb seasonal and local cuisine. This epicurean relaxation harkens back to our century of experience in pampering our passengers. From the Santos Maru in the Taisho Era (1912-1926) to the Argen-tina Maru and the Brasil Maru, whose graceful exterior and luxuri-ous interior set the standard for liner travel in the early Showa Era (1926-1989) - MOL has always delivered the ultimate in hospitality and enjoyment.

Luxurious Comfort withSincere Hospitality

The MOL Group’s tugboat business supports vessels in arriving and leaving port, berthing and unberthing, avoiding hazards, and other operations.In recent years, as LNG has gained wider adoption as a clean energy source, transport volume has shown a steady increase. New LNG terminals have gone into service one after another, and increasing LNG vessel traffic underscores the need for enhance-ments in tugboat operation capacity, from the standpoints of both quality and quantity.Through a group company, MOL is working to precisely address these needs, and help protect the environment by introducing a succession of advanced tugboats, starting with an LNG-fueled vessel (slated for launching in April 2019). At the same time, we are working to improve the maintenance of equipment and instruments and upgrade the skills of crewmembers with enhance safety train-ing with the goal of efficient, accident-free operation.

Safely Escorting Large Vessels, Ships Loadedwith Hazardous Cargoes

Our real estate subsidiary Daibiru Corporation owns and leases 24 office and commercial buildings and hotels in urban subcenters of Tokyo and Osaka. We are constantly looking for ways to create a more comfortable business environment by meeting various tenant needs and proactively taking initiatives on extensive renovation of older buildings. Daibiru acquired its first overseas office building, Saigon Tower (Ho Chi Minh City, Vietnam) in 2012, expanding the building management expertise it has accumulated in Japan.MOL Tech Corporation sells bunker oil and lubricants, various equipment and instruments, materials, parts and components, and telecommunication equipment for vessels. We also focus on sales of environmental friendly products such as Propeller Boss Cap Fins (PBCF), which improve pro-pulsion efficiency of vessels’ screws, ballast water treat-ment system, plastic garbage compactors, and products to support safe operation using ICT.

Ocean Shipping Opens up a Wide Variety ofBusiness Fields

Cruise ship NIPPON MARU Tugboat business (Cai Mep, Vietnam) Daibiru Honkan Building lobby Shin-Daibiru Building

Associated BusinessesVarious Associated Businesses Build upon Our Strength in Ocean Shipping

MOL has accumulated an immense storehouse of know-how centered on ocean shipping, drawing upon over 130 years of history and tradition.Our expertise encompasses not only ocean shipping-related businesses such as tugboat operation, land transport, warehousing, and maritime consulting services, but also travel, office building leasing, property management, finance, trading, insurance, ICT systems, temporary staffing, supporting a national oil stockpiling project, sales of nautical charts, and more.Our associated businesses are the fruits of the MOL spirit: “Creating business from busi-ness.”

Associated Businesses24 Associated Businesses 25

Mitsui O.S.K. Passenger Lines, Ltd. (MOPAS) offers a broad lineup of cruises aboard the Nippon Maru, from casual overnight jaunts to cruises all over Japan, with a variety of themes and ports of call. MOPAS cruise guests can experience the relaxation of life at sea, and of course superb seasonal and local cuisine. This epicurean relaxation harkens back to our century of experience in pampering our passengers. From the Santos Maru in the Taisho Era (1912-1926) to the Argen-tina Maru and the Brasil Maru, whose graceful exterior and luxuri-ous interior set the standard for liner travel in the early Showa Era (1926-1989) - MOL has always delivered the ultimate in hospitality and enjoyment.

Luxurious Comfort withSincere Hospitality

The MOL Group’s tugboat business supports vessels in arriving and leaving port, berthing and unberthing, avoiding hazards, and other operations.In recent years, as LNG has gained wider adoption as a clean energy source, transport volume has shown a steady increase. New LNG terminals have gone into service one after another, and increasing LNG vessel traffic underscores the need for enhance-ments in tugboat operation capacity, from the standpoints of both quality and quantity.Through a group company, MOL is working to precisely address these needs, and help protect the environment by introducing a succession of advanced tugboats, starting with an LNG-fueled vessel (slated for launching in April 2019). At the same time, we are working to improve the maintenance of equipment and instruments and upgrade the skills of crewmembers with enhance safety train-ing with the goal of efficient, accident-free operation.

Safely Escorting Large Vessels, Ships Loadedwith Hazardous Cargoes

Our real estate subsidiary Daibiru Corporation owns and leases 24 office and commercial buildings and hotels in urban subcenters of Tokyo and Osaka. We are constantly looking for ways to create a more comfortable business environment by meeting various tenant needs and proactively taking initiatives on extensive renovation of older buildings. Daibiru acquired its first overseas office building, Saigon Tower (Ho Chi Minh City, Vietnam) in 2012, expanding the building management expertise it has accumulated in Japan.MOL Tech Corporation sells bunker oil and lubricants, various equipment and instruments, materials, parts and components, and telecommunication equipment for vessels. We also focus on sales of environmental friendly products such as Propeller Boss Cap Fins (PBCF), which improve pro-pulsion efficiency of vessels’ screws, ballast water treat-ment system, plastic garbage compactors, and products to support safe operation using ICT.

Ocean Shipping Opens up a Wide Variety ofBusiness Fields

Cruise ship NIPPON MARU Tugboat business (Cai Mep, Vietnam) Daibiru Honkan Building lobby Shin-Daibiru Building

Associated BusinessesVarious Associated Businesses Build upon Our Strength in Ocean Shipping

MOL has accumulated an immense storehouse of know-how centered on ocean shipping, drawing upon over 130 years of history and tradition.Our expertise encompasses not only ocean shipping-related businesses such as tugboat operation, land transport, warehousing, and maritime consulting services, but also travel, office building leasing, property management, finance, trading, insurance, ICT systems, temporary staffing, supporting a national oil stockpiling project, sales of nautical charts, and more.Our associated businesses are the fruits of the MOL spirit: “Creating business from busi-ness.”

Associated Businesses24 Associated Businesses 25

The History of MOL

The History of MOL26 The History of MOL 27

1878●The iron-hulled steamer, HIDEYOSHI

MARU, begins ocean transport of Miike coal from Kuchinotsu (Japan) to Shang-hai.

1884●Osaka Shosen Kaisha (OSK

Line) is founded.

●The high-speed cargo ship, KINAI MARU, is launched, and covers the Yokohama-New York route in 25 days and 17.5 hours, well below the industry average of 35 days.

1939●The ARGENTINA MARU and BRASIL MARU

are built and launched as cargo/passenger liners on the South America route. These vessels represent the state-of-the-art in Japanese shipbuilding at the time.

●Mitsui & Co. spins off its shipping depar tment to c reate Mi tsu i Steamship Co., Ltd.

●World’s first automated ship, KINKASAN MARU, with an engine room operated entirely from the bridge, is launched. Au tomat ion reduces the number of seafarers from 52 to 38.

1964●Japan’ s shipping industry undergoes

a major consolidation, with mergers creating six companies – Mitsui O.S.K. Lines, Ltd. (MOL) by a merger of OSK Line and Mitsui Steamship, Japan Line, Ltd. (JL) by a merger of Nitto Shosen and Daido Kaiun, and Yamashita-Shinnihon Steamship Co., Ltd. (YSL) by a merger of Yamashita Kisen and Shinnihon Kisen.

●Japan’s first specialized car carrier, OPPAMA MARU, is launched.

●MOL, JL, and YSL launch the full containerships, AMERICA MARU, JAPAN ACE, and KASHU MARU, respectively, on the Japan-California route.

1984●The LNG carr ier , SENSHU MARU, is

launched.

1989●Japan’s first full-fledged cruise ship, FUJI MARU, is launched,

ushering in the era of leisure cruises in Japan.●Navix Line is established by the merger of JL and YSL.

●The NIPPON MARU joins the fleet.1990

2000●MOL Environmental Policy Statements are issued.

●Crew training school is estab-lished in Manila.

●Container route service through a strategic in ternat iona l t ie-up, ca l led The Global Alliance (TGA), begins.

●The first double hull very large crude carrier (VLCC), ATLANTIC LIBERT Y, is launched.

2001●MOL Group Corporate Principles are

established.

2003●All departments at the Head Office

and MOL-operated vessels acquire ISO14001.

2007●Safety Operation Supporting Center is

established in the Head Office.●MOL Group logo mark is introduced.

●The world’s largest iron ore carrier, BRASIL MARU, is launched.

2010●New MOL Techno logy

Research Center opens.

2018●Container Shipping Joint Venture,Ocean

Network Express starts business opera-tion.

2012●The hybrid car carrier,　EMERALD ACE, is launched.

2013●CADET Training Program is launched.

2009●Next-generat ion vessel

concept Senpaku ISHIN project announced.

2014●130th Anniversary

2015●The LNG carrier, PAPUA, is

del ivered. This is the init ial vessel in a project undertaken by MOL as the first overseas shipping company to bui ld vessels in China.

●MOL CHART is introduced.●Rotterdam World Gateway opens

as the world’s most innovative fully automated container termi-nal.

●Chief Executive Representative system is introduced.

2017●World’s largest containership, MOL

TRIUMPH, is launched.

●The methanol carriers receive the Technology Special Prize in the Ship of the Year 2016 awards.

●Engine control console installed on bridge of the KINKASAN MARU is certified as 1st 'Ship Heritage' item.

●World’s largest FSRU, MOL FSRU CHALLENGER, is delivered.

2016●New Business Units are established.●Chief Country Representatives are

appointed, mainly in Asia.●The methanol carriers, TARANAKI SUN,

MANCHAC SUN, and CAJUN SUN, are delivered. These vessels are equipped with dual fuel engines that can run on methanol and heavy oil.

●World’s first large-size ethane carrier, ETHANE CRYSTAL, is delivered

●“Senpaku ISHIN NEXT~MOL SMART SHIP PROJECT~” is launched.

●New M itsui O.S.K. Lines is established　by the merger of MOL and Navix Line.