225,000-dwt Iron Ore Carrier Tom Price Completed - Will Sail under longterm Contract with Rio Tinto

PRLog (Press Release) - Mar. 16, 2012 - TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the completion of the 225,000-ton iron ore carrier Tom Price at the Namura Shipbuilding Co., Ltd., Imari Shipyard & Works. The ship’s name is derived from the Tom Price mine in Western Australia’s Pilbara region, operated by Rio Tinto plc, one of the world’s largest mining companies.

Among those on hand for the naming and delivery ceremonies were Rio Tinto Executive General Manager Wayne Aitken, who named the vessel, and Namura Shipbuilding Chairman Tatsuhiko Namura. The Tom Price will transport iron ore, mainly from Australia, under a long-term contract with Rio Tinto.

As the world largest operator of Capesize bulk carriers, MOL strives to provide safe, reliable ocean transport services, taking advantage of its advanced safe operation management system and fleet scale to meet continually growing demand for iron ore transport.

[Outline of Tom Price]
Deadweight tons (Capacity): 226,381 tons
Length: 319.58m
Breadth: 54.00m
Draft: 18.10m
Registry: Japan

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MOL is one of the world’s largest multi-modal transport companies, operating 861 vessels and employing a workforce in excess of 9,200 worldwide. MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services.  Please visit the company’s website at www.MOLpower.com.

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