Mitsui O.S.K. Lines

Mitsui O.S.K. Lines, Ltd.
Native name
株式会社商船三井
Company typePublic (KK)
TYO: 9104
IndustryTransport
Founded1884; 141 years ago (1884)
Headquarters,
Area served
Worldwide
Number of employees
8,547
Websitewww.mol.co.jp

Mitsui O.S.K. Lines (Japanese: 株式会社商船三井, romanizedKabushiki-gaisha Shōsen Mitsui; abbreviated MOL) is a Japanese transport company headquartered in Toranomon, Minato, Tokyo, Japan.[1] It is one of the largest shipping companies in the world.

MOL fleet includes dry cargo ships (bulk carriers), liquefied natural gas carriers, Ro-Ro Car Carrier ships, oil tankers, container ships (among which mv MOL Triumph is the 4th largest containership in the world), and container terminals. Its alligator logo can still be seen on containers in ports, roads, rails and barges around the world, despite the company's focus on containers shipping having been reduced since April 2018.

Founded as a key part of the Mitsui zaibatsu (family-owned conglomerate) during the early industrialization of Japan, the company is now independent of the zaibatsu, but remains part of the Mitsui keiretsu (group of aligned companies).

Despite the international sanctions imposed on Russia following its invasion of Ukraine in 2022, MOL has maintained its involvement in Russian energy projects.[2] The company has signed long-term charter contracts with Russian operators, including the controversial Sakhalin-2 liquefied natural gas (LNG) project, now under Russian state control.[3] MOL has also faced challenges in delivering tankers for the Arctic LNG 2 project due to tougher sanctions but continues to engage in negotiations to modify contracts.[4][5] These actions have drawn criticism for indirectly supporting Russia’s economy during its aggression against Ukraine, raising ethical questions about corporate responsibility and compliance with global efforts to isolate Russia economically.[2][6]

MOL container logo
MOL reefer container
  1. ^ "Corporate Profile Archived 2010-02-20 at the Wayback Machine." Mitsui O.S.K. Lines. Retrieved on 21 June 2010.
  2. ^ a b "Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain". Yale School of Management. Retrieved 9 January 2025.
  3. ^ "Mitsui OSK signs charter deal with new Russian operator of Sakhalin-2 LNG project". Reuters. 5 October 2022. Retrieved 9 January 2025.
  4. ^ "Russia fails to get new vessels for Arctic LNG project due to US sanctions". RBC. Retrieved 9 January 2025.
  5. ^ Rashad, Marwa; Soldatkin, Vladimir (2 April 2024). "Exclusive: Russia's Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers, sources say". Reuters. Retrieved 9 January 2025.
  6. ^ Bryen, Stephen (18 July 2024). "Japan Funds Ukrainian War Effort with Russian Assets – Sri Lanka Guardian". slguardian.org. Retrieved 9 January 2025.

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