New Era for MOL with Completion 300,000-dwt Iron Ore Carrier Nova Era

London, United Kingdom (PressExposure) July 08, 2008 -- Today, Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) announced the completion of the 300,000-dwt class iron ore carrier Nova Era ("new era" in Portuguese), at the Universal Shipbuilding Corporation Ariake Shipyard. MOL will operate the new vessel.

On hand for the naming and delivery ceremony were JEF Holdings, Inc. President and CEO Fumio Sudo, Universal Shipbuilding President Shinjiro Mishima, and many other guests. President Sudo named the ship and his wife Haruko did the rope-cutting honours.

The Nova Era will sail under a long-term contract with JFE Steel Corporation, transporting iron ore mainly from Brazil to Villanueva in the Philippines, a port exclusively for JFE Steel's sintered ore production subsidiary Philippine Sinter Corporation. This is now MOL's second 300,000-dwt class iron ore carrier.

Three more vessels in the same class will be completed in rapid succession. MOL will have five of these carriers in service by August 2009, meeting rising worldwide demand for transport of iron ore.

Profile of Nova Era Length: 327.00m Width: 55m Draft: 21.40m Deadweight tonnage: 297,442 tons Speed: 14.30 knots Flag: Liberia

About MOL

MOL is one of the world’s largest multi-modal transport companies, operating more than 800 vessels and employing a workforce in excess of 8,600 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 http://www.MOLpower.com


Sarah A. Chase
Head of PR


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Press Release Submitted On: July 04, 2008 at 10:30 am
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