MOL (Mitsui O.S.K. Lines) is a multi-modal transport group. The fleet ranges from specialized dry bulkers for iron ore, coal, and wood chips to tankers that transport crude oil and LNG, and car carriers and containerships that deliver a variety of finished products. The MOL Group employs more than 10,000 people in 441 companies and operate 896 fleets.

Niels Smedegaard joins Molslinjen as board chair

The sale of Danish ferry company Molslinjen to equity fund EQT Infrastructure closed today, Tuesday, March 2. As part of the transition of ownership, the company elects a new board of directors, chaired by Niels Smedegaard.

MOL appoints its CEO as new chairman

Japanese carrier MOL makes changes to its top management. The current CEO becomes chairman going forward, and a new CEO has been found internally. This is done to accommodate the major changes facing the industry, the company informs.

Only one bidder left for Denmark's eighth oil license tender

Following Total's withdrawal from the pending Danish tender, Mol Dania and Lundin Norway now have also announced that they will no longer participate as bidders in the country's eighth tender for oil exploration licenses, leaving only the UK's Ardent Oil as an interested suitor.

Gearbulk denies defaulting on loan from MOL

Japan's MOL earlier this week heralded extraordinary losses from factors including a loan to Gearbulk. "We are not in default on the loan," the dry bulk company's managing director tells ShippingWatch.

Japanese ONE partners grow profits despite weaker revenue

The three Japanese shipping companies MOL, NYK and K Line all saw their revenue slide in the first three quarters of 2019. The companies all report growing profits for the same period, where container line ONE "showed a significant improvement."

All three ONE partners turn deficits into profits

Despite revenue setbacks, the three partners behind liner company ONE have turned deficits into profits in the first quarter. The container business is making a small profit, but other segments also improved.

Nordic Tankers has now been acquired by MOL

MOL Chemical Tankers has now completed its acquisition of Nordic Tankers from equity fund Triton. The sale means that the chemical tanker shipping company will now operate under the name MOL Nordic Tankers.

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