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

News Release

March 24, 2012

Back to News

297,000-dwt Iron Ore Carrier Ore Sao Luis Completed, 22nd March 2012

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) March 24, 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><SPAN style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>TOKYO&#8212;Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today
announced the completion of the 297,000-ton iron ore carrier <I>Ore Sao Luis</I>
at the Universal Shipbuilding Corporation, Ariake Shipyard. The <I>Ore Sao
Luis</I> will transport iron ore from Brasil to mainly China, under a long-term
contract with Vale.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; COLOR: black; 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; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>Among those on hand for the naming and delivery ceremonies were Vale
International General Manager, Shipping, Pietro Allevato, who named the vessel,
and Universal Shipbuilding Director and Senior Managing Officer Kuniteru
Ishikawa. The ship&#8217;s name is derived from the capital and largest city in
Maranh&#227;o state in Brasil.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; COLOR: black; 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; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>MOL operates 300,000 DWT class of six (6) VLOCs in total, including
<I>Ore Sao Luis</I>. As the world leading Capesize operator, 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; COLOR: black; 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; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>[Outline of <I>Ore</I><I> Sao Luis</I>]</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 10pt; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Deadweight
tons (Capacity): 297,076 tons<B><U></U></B></SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 10pt; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Length:
</SPAN><SPAN style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>3</SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>27.00m</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 10pt; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Breadth:
</SPAN><SPAN style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>5</SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>5</SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>.00m</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 10pt; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Draft:
21.40</SPAN><SPAN style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>m</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US><SPAN>&nbsp; </SPAN></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Registry:
Liberia</SPAN></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>&nbsp;</P>
<P align=center><IMG style="WIDTH: 7px; HEIGHT: 14px" border=0
src="attachment.ashx?id=RgAAAABTX%2fU3uxm5SZ7rQ%2bEwXkoiBwBdi6ig%2bDnbT497s6IkiEaWAPHI3%2bpIAABdi6ig%2bDnbT497s6IkiEaWAXrw3V6bAAAJ&amp;attcnt=1&amp;attid0=EAD3Oep5qo3dR5FOnKNJLOal"
width=397 height=254></P></DIV></BODY></HTML>