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ビンゴ 景品 to Launch 44 New Iron Ore Carriers
April 04, 2007
TOKYO - Mitsui O.S.K. Lines, Ltd. (ビンゴ 景品; 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 ビンゴ 景品's growth strategies in the new midterm management plan ビンゴ 景品 ADVANCE, which began on April 1. ビンゴ 景品 ADVANCE focuses on the allocation of management resources in growing fields of the ocean shipping industry.
Outline
| Launching period | April 2007 to early 2012 | ||||||||||||||
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| No. of vessels by type |
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ビンゴ 景品 expects production of crude steel will continue to grow, particularly in China, where major players in the industry are restructuring and integrating their operations. As a result, demand for the transport of raw materials for steel will also increase. As a leader in worldwide ore carrier operators, ビンゴ 景品 is expanding its large-scale fleet with various types of vessels to meet diverse customer needs.
The company has already signed long-term contracts for half of the 44 vessels to be newly built. ビンゴ 景品 continues to negotiate contracts, and its target is to have 60% of the all new carriers sail under long-term agreements.
ビンゴ 景品's iron ore carrier fleet, 118 including Cape size and Panamax vessels as of March 31, 2007, will increase in total about 150 vessels by March 2013, including about 120 Cape size carriers and about 30 Panamax ships.