Mitsui Osk Lines News

Image: MOL

MOL Intros Lighthouse Information Platform

Japanese shipping company Mitsui O.S.K. Lines (MOL) has begun operation of a new data platform called ‘Lighthouse’, to provide real time transport information to dry bulk shipping customers and stakeholders.The platform is a service that allows those involved in the transport process, such as shippers and vessel operators, to safely, unitarily, and in real time, share and monitor various kinds of information related to ocean transport, such as vessel schedules ,weather, ocean conditions, as well as data related to cargoes and contracts, on a customized basis for each customer.By establishing

Image: Mitsui O.S.K. Lines, Ltd.

MOL Develops Engine Diagnosis Application

Japan's largest carriers of containerized and other cargo Mitsui O.S.K. Lines (MOL) announced an agreement for joint development of the next-generation engine failure sign diagnosis application, in partnership with ClassNK Consulting Service, IHI Power Systems, and Mitsui E&S Machinery.The four companies are looking to develop the application by fusing ClassNK's "CMAXS LC-A/e-GICSX"(CMAXS) and MOL's FOCUS "Fleet Optimal Control Unified System", which is intended to enhance safe operation and reduce environmental impact through advanced information and communications

Sample display image from the vessel recognition/recording system. Photo: MOL

MOL Tests FOCUS EYE Project

Japanese shipping giant Mitsui O.S.K. Lines announced the joint development, along with SenseTime Japan, of a new vessel image recognition and recording system, and the system’s installation for demonstration testing aboard the cruise ship "Nippon Maru" operated by Mitsui O.S.K. Passenger Line.The system’s graphic recognition engine was developed by incorporating MOL’s knowledge and applying artificial intelligence (AI) deep learning technology, allowing it to recognize surrounding vessels.The system recognizes and automatically records vessels with high accuracy using a

Image: Teekay LNG Partners

LNGC Containment Market to Reach $16Bln By 2025

globally through the LNG exports.Latin America held the lowest share of the global market in 2018. However, the region is estimated to witness a modest CAGR in the future, owing to the growing LNG-based industries.Major players of the LNG carrier containment market are Gaztransport & Technigaz, Mitsui O.S.K Lines, Teekay LNG Partners, NYK Line, Gaslog, MISC Berhad, Dynagas LNG Partners, BW Gas, Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding, and Kawasaki Heavy Industries

(Photo: NOAA)

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

Subsea Support Vessel“Skandi Santos” Photo MOL

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

Project in Uruguay - Build and Charter World’s Largest  FSRU

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-Business for Offshore Brazil- Courtesy MOL

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

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