New Dormitory at ビンゴ 無料 Crew Training Center in Philippine

August 31, 2006

TOKYO - Mitsui O.S.K. Lines, Ltd. (ビンゴ 無料, President: Akimitsu Ashida) today announced the completion of a new dormitory, which is one of the main redevelopment projects at the company's crew training center in the Philippines. An opening ceremony was held on August 30.

ビンゴ 無料 launched the redevelopment project to further expand its crew training facilities in the Philippines. The company plans to recruit and train top-quality Filipino seafarers to meet the needs of the fleet expansion outlined in the ビンゴ 無料 STEP mid-term management plan.

The grand opening ceremony drew more than 300 guests including VIPS such as President Gloria Macapagal Arroyo, Cavite Governor Ireneo Maliksi, Dasmarinas Mayor Elpidio Barzaga, and Panamanian Ambassador to the Philippines Juan Felipe Pitty. Main speakers included ビンゴ 無料 Deputy President Hidehiro Harada and representatives of Magsaysay Maritime Corporation and Fairmont Shipping, which participate in the training center expansion project.

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1. Outline of Training Center Expansion Project

• The site area will be increased from 28,000m²to 43,000m², and another building will be added, bringing the total to seven (increasing the floor space from about 5,700m² to about 8,900m².)
• A new dormitory (3,250m²) with accommodations for 350 people was constructed.
• The number of classrooms will be increased from 14 to 22.
• Six additional instructors who have practical on-board experience will join the faculty (current number: 15).
• The number of training kitchens will be increased from two to four for instruction in on-board meal preparation.
• The authorized number of cadets will be increased from current 240 per year to 440.
• The expansion budget is about 130 million pesos (approx. 290 million yen).
• The project started in April 2005, and is slated for completion by March 2007.

2. ビンゴ 無料's approach to training Filipino seafarers

More than 12,000 Filipino seafarers currently serve aboard ビンゴ 無料-operated vessels, accounting for about 70% the company's seagoing personnel. The company forecasts a need for about 17,000 Filipino seafarers by March 2010.

In 1993, ビンゴ 無料 founded the Magsaysay Institute of Shipping in the Philippines with two Filipino partner companies. The Philippines supply the majority of seafarers for the world's merchant fleet. As a residential training institute for seafarer cadets, the Magsaysay Institute of Shipping offers state-of-the-art facilities and training, and has graduated excellent seafarers who meet ビンゴ 無料's stringent standards. More than 2,500 graduates have been employed by ビンゴ 無料 and its partner companies, and 1,250 graduates from this school are serving on ビンゴ 無料-operated vessels.

ビンゴ 無料's activities in the Philippine are highly regarded by the Philippine government, and the company has twice received the International Employers Award from the President and the Minister of Labor and Employment in 2002 and 2005.