MOL maps dry bulk and container loss in detail
Japanese MOL has now calculated the details of how the carrier will reduce exposure to the crisis-stricken dry bulk and container market. This entails measures such as terminating charter contracts with bulk vessels and divesting ships. The carrier will also close a bulk office in Singapore.
BY CHRISTIAN BARTELS
Japanese container and dry bulk carrier Mitsui O.S.K. (MOL) has now received final approval and published a plan at the board level for how the carrier will survive the dry bulk crisis after management warned of extraordinary losses at the end of January, says the group in a press release on Thursday.
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