MOL announces massive shipbuilding programme

[Michael H. Standart]

From The Shipping Times:

quote:

44 vessels planned as part of MOL ADVANCE plan
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced a major expansion of the company's iron ore carrier fleet, with a proposal to launch 44 new vessels. The move is part of MOL's growth strategies in the new midterm management plan MOL ADVANCE, which began on April 1. MOL ADVANCE focuses on the allocation of management resources in growing fields of the ocean shipping industry.

Story at http://www.shippingtimes.co.uk/item386_mol.htm

Comment: Quite an ambitious plan here. Somebody is going to be getting a lot of orders!