MOL to build 53 new iron ore carriers

Mitsui OSK Lines has announced plans to construct 53 new iron ore carriers to meet rising demand for iron ore transport as the world economy continues to grow.

To be launched between now and early 2014, the orders comprise four 300,000-tonne, two 250,000-tonne, seven 230,000-tonne, one 200,000-tonne, 27 170,000-tonne, ten 110,000-tonne and two 80,000-tonne vessels. MOL's operated iron ore carrier fleet totals 125 vessels including Cape-size and Panamax types. The fleet will total around 160 by the end of March 2014, including about 135 Cape-size vessels and about 25 Panamax ships.

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