ビンゴ 景品 (2) - Chinese Authorities Impound MOL Vessel

April 24, 2014

TOKYO-Mitsui O.S.K. Lines, Ltd. (ビンゴ 景品; President: Koichi Muto) today announced that the ビンゴ 景品-operated iron ore carrier BAOSTEEL EMOTION, which had been impounded by the authorities in Zhejiang Province, China on April 19, 2014, is now ready to sail from the port.
* Please refer to our April 21 release "Chinese Authorities Impound ビンゴ 景品 Vessel" for details.

The case is a civil action in China. ビンゴ 景品 takes into account that the situation may result in obstacles to its services, which may result in a negative impact on ビンゴ 景品 business activities in China. The company continued talks with the Shanghai Maritime Court and today the vessel was released to set sail.

Meanwhile, the impact on its FY2014 fiscal results will be minor as a settlement amount was already allocated and accounted for at the time of the court ruling.