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MOL to establish Asahi MOL Tankers for pool operation of MR Product Tankers

Logistic News - Published on Wed, 23 Jan 2019

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Mitsui OSK Lines Ltd announced that MOL and Asahi Tanker Co Ltd have signed a contract to establish a pool operation company, Asahi MOL Tankers Ltd. (President: Shigekazu Haruyama; Headquarters: Republic of the Marshall Islands), as well as an agreement to launch MR-type product tankers that will be assigned to the new pool. The pool will own a fleet of about 25 vessels and allocate them mainly to Asia and Oceania from the three centers of Tokyo, Singapore, and London. The pool will started operation on January 21, 2019.

The pool operation allows Asahi MOL Tankers to offer efficient, reliable, high-quality ocean transport services with the flexibility to meet diverse customer needs.

MR stands for Medium Range and refers to product tankers in the 45,000-55,000 deadweight ton class. This ship type has great versatility in transporting petroleum products such as gasoline, naphtha, gas oil, and jet fuel, and is in high demand around the world.

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Posted By : Joykumar Irom on Wed, 23 Jan 2019
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