Based on the contract, MOL Cape will place several large-scale carriers to transport iron ore mainly from Australia to China.
MOL Cape has independently developed business in Singapore. Conclusion of the long-term contract with Rio Tinto will contribute to the company’s stable earnings, and further consolidate the foundation for business expansion in the nation.
The MOL Group continually strives to offer safe, reliable ocean transport services using its advanced safe operation system to meet continually expanding demand for resource transport.
[Outline of contract]
Type of contract:
Vessels to be placed: Large-
Main loading ports:
Unloading ports: Main ports in China
Transport volume: About 8.5 million tons at the maximum
[Outline of MOL Cape]
Company name: MOL Cape (Singapore) Pte. Ltd.
Shareholder: MOL 100%
Business: Ownership and operation of dry bulk carriers (mainly Capesize), and other services related to vessel operation
For further information, please contact:
Yasuyuki Fukuma, General Manager
Public Relations Office
Mitsui O.S.K. Lines, Ltd.