Mitsui Osk Lines Ltd

Subsea Cable Laying, Protection Innovation Funded in Japan

NYK, as a member of a consortium of four companies (also including: Sumitomo Electric Industries, Ltd.; Furukawa Electric Co., Ltd.; and Mitsui O.S.K. Lines, Ltd.) has been selected by Japan’s New Energy and Industrial Technology Development Organization (NEDO) in an open call for applications related to the "Development of basic technologies for a multi-purpose and multi-terminal high voltage direct current transmission system,” in addition to the “development of construction methods for the installation of cable protecting system, etc.” and the “development

Shipping Companies Recognized for Efforts to Save Whales

acknowledged the following shipping companies for their participation in the 2017 vessel speed reduction program: Mediterranean Shipping Company; Yang Ming Marine Transport Corp.; Polar Tankers Inc.; Celebrity Cruises Inc.; Hamburg Sud; ExxonMobil Corp.; Evergreen Marine Corp.; CSL Americas; Mitsui OSK Lines Ltd.; Kawasaki Kisen Kaisha Ltd.; OSG Ship Management Inc.; Tesoro Far East Maritime Company.; Chevron Shipping Company LLC.Awards were presented by William Douros, Western Regional Director of the Office of the National Marine Sanctuaries; Greater Farallones Superintendent Maria Brown; and Dan

MOL Moves into OSV Field

Mitsui O.S.K. Lines, Ltd. today announced that it has teamed up with Mitsui & Co., Ltd. and AKOFS Offshore AS to purchase the subsea support vessel Skandi Santos from the current shipowner through a three-way joint venture company called Avium Subsea ASand started the business effective on November 23. Brazil’s national oil company, Petróleo Brasileiro S.A., has chartered the Skandi Santos from AKOFS since 2010, using it to install subsea facilities in deep-sea oil and gas fields off Brazil. The project is MOL’s first step into the subsea business, where the company

MOL, Gas Sayago to Continue Uruguay FSRU Project

Mitsui O.S.K. Lines, Ltd. today announced that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and regasification unit (FSRU) project led by Gas Sayago. The government of Uruguay recently cancelled its contract with GNLS S.A., a 50-50 joint venture between ENGIE of France and Marubeni Corporation,and announced plans tocontinue the projectby using MOL’s FSRU. MOL also reached a basic agreement with Gas Sayago to go ahead with the project under the

FPSO Charter Bussiness for Offshore Brazil Oil Fields

MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Tartaruga Verde & Tartaruga Mestiça Oil Fields Offshore Brazil MODEC, Inc., Mitsui & Co., Ltd. Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business (“the Project”) currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO”) for use in the Tartaruga Verde and Tartaruga Mestiça oil fields off the coast of Brazil.

FPSO Chartering Project for Brazilian Offshore Field

Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd. & Marubeni Corporation to participate in Ultra-Deepwater FPSO Chartering Project for Brazilian Offshore Pre-Salt Oil Field MODEC, Inc. Mitsui, MOL and Marubeni will invest in a long-term charter business operated by MODEC for the purpose of providing a floating production, storage, and offloading system (FPSO) for use in the Iracema Norte area of a pre-salt oil field off the coast of Brazil. Construction of the FPSO will involve the conversion of a VLCC (very large crude oil carrier), which will be renamed “FPSO Cidade de ITAGUAÍ