9104 Mitsui O.S.K. Lines Stock price forecast Future growth outlook Japanese Stock

9104 Mitsui O.S.K. Lines explanation

Prime Market
Nikkei 225 constituents
MOL=Mitsui O.S.K (Osaka Shosen Kaisha) LINE
Mitsui Group Shipping Company
2nd place in shipping industry sales (1st place: NYK Line, 3rd place: Kawasaki Kisen, 4th place: NS United Kaiun, 5th place: Iino Kaiun)

9104 Mitsui O.S.K. Lines Business content

Dry bulk business

Dry bulk carrier business

A general-purpose bulk carrier capable of transporting a wide variety of dry cargo, including resources such as iron ore, coal, wood chips, and biomass fuel, as well as intermediate goods and products such as fertilizer, grain, cement, salt, and steel. We provide transportation services that meet a variety of customer needs using a variety of specialized vessels that are designed and built taking into consideration the characteristics of specific cargo and the conditions at loading and unloading ports.

Energy business

Tanker business

Transports crude oil, petroleum products, liquid chemical products, etc.

We have large crude oil tankers called VLCCs (Very Large Crude Oil Carriers: 200,000 DWT or more) and medium-sized crude oil tankers called Aframax, contributing to the stable supply of crude oil around the world. In addition, we have expanded our fleet to suit the characteristics of the cargo being transported, including product tankers for transporting refined petroleum products such as light oil, naphtha, and gasoline, and chemical tankers and methanol tankers for transporting liquid chemicals.

Introduced the world’s first methanol carrier equipped with a methanol-fueled main engine that reduces nitrogen oxide (NOx) and sulfur oxide (SOx) emissions.

Liquefied gas carrier business

Owns and operates LPG tankers responsible for ship management of LNG carriers and transportation of LPG (liquefied petroleum gas) at six bases around the world: Tokyo, London, Hong Kong, Jakarta, Muscat (Oman), and Arzou (Algeria). Large liquefied ethane-only carrier. entered the transportation business.

Marine business

Our main offshore business is the operation of FPSO (Floating Offshore Oil and Gas Production, Storage and Offloading Unit) and FSRU (Floating LNG Storage and Regasification Unit).

In the FPSO business that we entered in 2010, we are currently participating in nine projects off the coast of Brazil, one off the coast of Ghana, and one in Mexico. In 2014, we launched a shuttle tanker business that transports crude oil from offshore oil production, storage and offloading facilities such as FPSOs to onshore oil refinery bases, and in 2016 we launched the installation, maintenance and repair of submarine equipment for offshore oil and gas fields. – Participated in the subsea support vessel business for removal work, and the offshore wind power generation equipment installation vessel business in 2017, and in 2020 concluded a fixed-term charter contract for a Service Operation Vessel for offshore wind power plants.

Regarding FSRU, the first FSRU by an Asian shipping company was completed in 2017 and is currently in operation in Turkey, and is scheduled to be launched under a long-term contract in Hong Kong from 2021. In Indonesia, we are preparing to start operating an FSRU that will be integrated with a large LNG thermal power plant, and we are also planning to start a project in India in 2021. Most recently, we are working with European gas and power giant Uniper to commercialize Germany’s first LNG offshore receiving terminal.

In 2019, we started an LNG power ship business that combines an FSRU and a power ship in collaboration with Karpowership, a Turkish power ship operator.

In 2021, we will participate in the liquefied CO2 marine transportation business. Liquefied CO2 maritime transport efficiently connects collection sites and storage sites (or effective use sites) in the CCUS (Carbon dioxide Capture Utilization and Storage) value chain. Aiming to expand business upstream and downstream of the CCUS business value chain.

Offshore wind power generation related business

Site environment survey before construction of offshore wind power generation facilities, marine transportation of offshore wind power generation facility construction parts and materials, offshore wind power generation facility installation, Asia’s first SOV (Service Operation Vessel, offshore wind maintenance support vessel) business, O&M human resource development and Supply, O&M base port development, and development of a hard sail wind propulsion device that converts wind energy into propulsive force using an expandable hard sail.

Product transportation business

Container ship business

Ocean Network Express, which began service in April 2018 by integrating the regular container ship businesses of Mitsui O.S.K. Lines, NYK Line, and Kawasaki Kisen, has the world’s sixth largest fleet, with 232 vessels in operation, including ultra-large container ships.

Car carrier business

All types of cargo are eligible, from general passenger cars to construction machinery. In terms of small cars, it is possible to transport 7,000 cars at once. We are also promoting the adoption of car carriers that use LNG (liquefied natural gas) as their main fuel, reducing wind resistance, and solar power generation systems.

Terminal business

In addition to operating container terminals in five locations in Tokyo, Yokohama, Nagoya, Osaka, and Kobe, we provide cargo handling services for car carriers and other conventional cargo ships throughout Japan, developing a comprehensive port business. We also operate container terminals in two locations in Vietnam.

Logistics business

Group companies Mitsui O.S.K. Logistics Co., Ltd. and Utoku Co., Ltd. provide a variety of logistics services, including air, sea, and land transportation, customs clearance, warehousing, and buyer consolidation. We provide liquid chemical transportation services using tank containers and one-stop services for heavy and large cargo transportation under the “MOL Project & Heavy Cargo” brand.

It have expanded to 274 locations in 26 countries around the world, including growing regions such as Asia and Africa.

Well-being life business

Real estate business

Daibiru Co., Ltd., a member of the group, operates a real estate business centered on office buildings.

Ferry/coastal RORO ship business

Cargo and passenger transport services. Such as Sunflower Kurenai, which operates on the Osaka-Beppu route.

Cruise business

Mitsui O.S.K. Cruises Co., Ltd. offers Nippon Maru cruises, including one-night cruises, cruises around the Japanese archipelago, and overseas cruises.

Related/Other business

Tugboat business

Tugboats are used to berth ships at ports and to monitor the course of large cargo ships.

Maritime consulting business

MOL Marine & Engineering Co., Ltd. (MOLMEC), a group company, evaluates the navigation environment of ships, examines safety when mooring ships, evaluates and examines domestic and international port functions and logistics measures, and measures that contribute to the realization of a decarbonized society. We provide a wide range of services related to maritime matters, including examinations of national marine policies and surveys related to national maritime policies.