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

News Release

March 16, 2012

Back to News

225,000-dwt Iron Ore Carrier Tom Price Completed, 16th March 2012

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) March 16, 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 8.00.6001.19190"></HEAD>
<BODY>
<DIV>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>TOKYO</SPAN></B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>&#8212;Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today
announced the completion of the 225,000-ton iron ore carrier <EM>Tom Price</EM>
at the Namura Shipbuilding Co., Ltd., Imari Shipyard &amp; Works. The ship&#8217;s
name is derived from the Tom Price mine in Western Australia&#8217;s Pilbara region,
operated by Rio Tinto plc, one of the world&#8217;s largest mining companies.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
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: 11pt" lang=EN-US>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 <EM>Tom Price</EM> will transport iron ore,
mainly from Australia, under a long-term contract with Rio Tinto.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
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: 11pt" lang=EN-US>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.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
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: 11pt" lang=EN-US>[Outline
of <EM>Tom Price</EM>]</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Deadweight tons (Capacity): 226,381 tons</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Length:
319.58m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Breadth:
54.00m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Draft:
18.10m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Registry: Japan</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left></SPAN></P></SPAN></DIV></BODY></HTML>