Mitsui O.S.K. Lines

Troubled shipping lines raise rates on key routes

Exporters and importers face higher shipping costs as loss-making and financially troubled shipping lines raise freight rates on key trade routes to Europe, the Mediterranean and South Asia in the next few months.

Saturday, 4 February, 2012, 12:00am

Firms hope for Black Friday order bump-up

With Black Friday yesterday kicking off the pre-Christmas shopping season in the United States, container shipping lines hoped strong retail sales coupled with cuts in shipping capacity would buoy carriers against wintry economic conditions, an industry conference heard in Hong Kong yesterday.

26 Nov 2011 - 12:00am

Shanghai shipyard signs deals for US$1b

Four ship-building contracts worth up to a combined US$1 billion have been signed between Shanghai's Hudong-Zhonghua Shipbuilding and joint venture companies formed by Japan's Mitsui OSK Lines and China Shipping Development.

The contracts are to build four liquefied natural gas (LNG) carriers.

18 Jul 2011 - 12:00am

Asia the last battleground in fight to destroy shipping lines' cartel

Asia is set to become the last battleground between shipping lines and shippers over the ending of the shipping companies' cartel if North American regulators follow the European Commission and agree to end antitrust immunity for container shipping lines.

8 Sep 2010 - 12:00am

Da Chan port takes first shipment

After its quay cranes stood idle for most of the past seven months, Da Chan Bay Terminal One, the latest port facility to come on stream in Shenzhen, finally started its first export operations yesterday with a Japanese shipping line.

Da Chan Bay Terminal One, in which Modern Terminals holds 65 per cent, completed the first two of five berths in December.

22 Jul 2008 - 12:00am

Court orders Japanese firm to pay for wartime contract dispute

A Shanghai court has ordered Japanese shipping giant Mitsui OSK Lines to pay 190 million yuan in compensation to a Chinese family over a wartime contract dispute, the Chinese Association for Claiming Compensation from Japan said yesterday.

24 Dec 2007 - 12:00am

Mitsui to lease four Seaspan vessels

Hong Kong-registered Seaspan Corp will pay HK$2.6 billion for four new container vessels in a groundbreaking deal that represents the New York-listed shipowner's first inroad into the closely held Japanese shipping industry.

10 Aug 2006 - 12:00am

Port firm eyes funds to repay loans

Listing candidate China Infrastructure Group (CIG) plans to use more than 70 per cent of the funds it hopes to raise to repay shareholders' loans, which were used to acquire a 28.9 per cent stake in Wuhan International Container Transshipment Port.

24 Aug 2005 - 12:00am

Business digest

SAI WAN HO PROJECT receives sales consent

The Lands Department has issued consent for the sale of 2,579 residential units in three projects.

They include Grand Promenade, the five-tower residential project in Sai Wan Ho being developed by Henderson Land Development and Hong Kong and China Gas.

8 Jul 2004 - 12:00am

Sinotrans seals joint-venture deal with Mitsui OSK Lines

They will operate their first tanker soon to tap the mainland's oil import trade

China National Foreign Trade Transportation Group (Sinotrans Group) will begin operating its first tanker in two months after agreeing to set up a joint venture with Japan's Mitsui OSK Lines (MOL) to tap the mainland's oil import trade.

28 Apr 2004 - 12:00am


Regina Chen

Director and head of professional risks

Aon Hong Kong

Ms Chen joined the firm in August 1992 and became an associate director in 2000. As professional risks director, she takes on full management responsibility for the department.

Phil Mulholland

Senior vice-president

5 Apr 2004 - 12:00am

Evergreen Marine orders 10 post-Panamax vessels

Taiwan shipping giant Evergreen Marine has embarked on the first stage of what could be a 30-ship new building programme with confirmed orders for 10 post-Panamax ships to be built in Japan by Mitsubishi Heavy Industries.

25 Jul 2003 - 12:00am

Demand rises, but mainland needs to improve operation

NYK Line's Hong Kong operations recorded a 15 per cent increase in container volume handled in the first half of this year because of strong demand from the United States and Europe.

NYK (HK) chairman Koichi Aoki said the carrier handled about 240,000 teu (20 ft equivalent units) in Hong Kong and about 50,000 teu in the southern mainland annually.

23 Aug 2000 - 12:00am

Alliance adds Kwangyang to Los Angeles service

Members of the New World Alliance will add the new, fast-growing port of Kwangyang in South Korea to their weekly container service between Qingdao and Los Angeles from today.

17 Jan 2000 - 12:00am

Container lines shift more cargo for less revenue

Container-shipping lines lifted 14.7 per cent more cargo last year than in 1996 but earned 1.2 per cent less revenue, a report by British-based Drewry Shipping Consultants says.

'All the additional traffic was essentially carried not just freight-free, but actually with a subsidy from lines,' its Container Market Outlook report said.

10 Nov 1999 - 12:00am