297, 000-dwt Iron Ore Carrier Ore Sao Luis Completed – Will Sail under Long-term Contract with Vale of Brasil –

Events, Shipbuilding and Shipyards, Trade and Commerce — By on March 22, 2012 at 4:05 PM

1st from left: Universal Shipbuilding Director and Senior Managing Officer Kuniteru Ishikawa, 3rd from left: MOL Managing Executive Officer Kenichi Nagata 4th from left:Vale International General Manager, Shipping Pietro Allevato

297, 000-dwt Iron Ore Carrier Ore Sao Luis Completed – Will Sail under Long-term Contract with Vale of Brasil –

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the completion of the 297, 000-ton iron ore carrier Ore Sao Luis at the Universal Shipbuilding Corporation, Ariake Shipyard. The Ore Sao Luis will transport iron ore from Brasil to mainly China, under a long-term contract with Vale. Among those on hand for the naming and delivery ceremonies were Vale International General Manager, Shipping, Pietro Allevato, who named the vessel, and Universal Shipbuilding Director and Senior Managing Officer Kuniteru Ishikawa.

The ship’s name is derived from the capital and largest city in Maranhão state in Brasil. MOL operates 300, 000 DWT class of six (6) VLOCs in total, including Ore Sao Luis. As the world leading Capesize operator, MOL strives to provide safe, reliable ocean transport services, taking advantage of its advanced safe operation management system and fleet scale to meet continually growing demand for iron ore transport.

Ore Sao Luis’ main details: Deadweight tons (Capacity): 297, 076 tons Length: 327.00m Breadth: 55.00m 21.40m Registry: Liberia

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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