Home MarketsShip Demolitions MOL to Scrap 5 Double Hull Tankers –

MOL to Scrap 5 Double Hull Tankers –

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– Aims at Rejuvenation of the Fleet, Higher-quality Services –

TOKYO, 30th January 2012 —Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced a decision to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March. Scrapping of two vessels is already completed, and preparations are under way to start dismantling the other three.

All five tankers were crude carriers launched before 1998. MOL, as one of the world’s leading crude oil transport operators, is moving ahead to rejuvenate its fleet, upgrade the quality of its services, and solidify its position in the market, where it expects mid- and long-term growth.

Meanwhile, the vessels will be scrapped at yards that conform to the “Guidelines to sell vessels for scrapping from an environmental viewpoint” stipulated by MOL*.

(*) “Guidelines to sell vessels for scrapping from an environmental viewpoint” MOL has monitored scrapping yards to ensure that their environmental practices in conformity to ISO14001 (or equivalent environmental management standards) and carefully evaluates their scrapping methods based on its own guidelines for environmental protection and occupational safety.

[ Profile of VLCCs ]

Atlantic Liberty blt 1995 Panama Flag 311, 625 dwt

Atlantic Prosperity mol sister to the above and

Minesa blt 1996 Marshall Islands Flag 267, 812

Rion mol sis to the above except blt 1998

[Pprofile of Suezmax]

Glen Maye blt 1992 Panama Flag 151, 850

About MOL: MOL is one of the world’s largest multi-modal transport companies, operating 861 vessels and employing a workforce in excess of 9, 200 worldwide. MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services.  Please visit the company’s website at www.MOLpower.com.

 

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