MGN · Maritime Global Network
Home Directory Ports Bunkers News Events Careers OTII Market Reports Advertise

News Release

January 6, 2012

Back to News

MOL Orders for High-efficiency Cape-size Bulker, 28th Dec 2011

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) January 6, 2012
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 12pt" lang=EN-US><STRONG>MOL Orders for
High-efficiency Cape-size Bulker<BR>Based on Advanced ISHIN-III
Technologies</STRONG></SPAN></SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 12pt" lang=EN-US></SPAN></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 12pt" lang=EN-US></SPAN></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 12pt" lang=EN-US></SPAN>TOKYO</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>&#8212;Mitsui O.S.K. Lines,
Ltd. (MOL; President: Koichi Muto) today announced that it has ordered a new
cape-size bulker that will adopt element technologies of the next-generation
ISHIN-III vessel program to achieve high fuel efficiency. Universal Shipbuilding
Corporation (President: Shinjiro Mishima) will construct the new ship, slated
for completion in late 2014.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>MOL has
repeatedly studied various technologies to realize the concept for the ISHIN-III
series of next-generation vessels (large-scale iron ore carriers) announced in
April 2010.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>The
newbuilding vessel will adopt the following element technologies which are at
the core of the ISHIN-III concept. New technologies will boost fuel efficiency
of the new ship by more than 20% compared to conventional cape-size vessels,
with a corresponding reduction in CO<SUB>2</SUB> emissions. Advanced features
include:</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 31.5pt"
class=MsoNormal align=left><SPAN style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt"
lang=EN-US><SPAN>?<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>A steam turbine that generates electric power using exhaust heat from
the engine.</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 31.5pt"
class=MsoNormal align=left><SPAN style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt"
lang=EN-US><SPAN>?<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>A hybrid power generation system to convert rotational force from the
supercharger into electric power.</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 31.5pt"
class=MsoNormal align=left><SPAN style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt"
lang=EN-US><SPAN>?<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>In addition, the electric power gained through the steam turbine and
hybrid systems will assist vessel propulsion.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt 10.5pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>MOL
continues to take a proactive stance in technological development with the aim
of reducing the environmental burden of its ships.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left></SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>[Specifications]</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>Length:
300.0m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>Breath:
50.0m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>Depth:
25.0m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>Draft:
18.4m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>Capacity: About 209,000 tons</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt" lang=EN-US>Gross
tonnage: About 107,000 tons</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US></SPAN>&nbsp;</P></SPAN></DIV></BODY></HTML>