MOL Forms New Medium Range Tanker Pool

MOL, Ultranav, OSG and Asahi Tanker reach agreement to pool product tanker operation

Mitsui O.S.K. Lines, Ltd. (MOL) announced that a pool agreement governing the formation of a new medium range pool has been signed among the partners: MOL, Asahi Tanker Co., Ltd., Ultranav International S. A.(Ultranav) ., and OSG International, Inc.

The new pool, Clean Products Tankers Alliance, will operate a combined fleet of around 60 medium range vessels. Ultranav, headquartered in Santiago will operate IMO-type vessels mainly for the Americas trade out of their office in Miami, and MOL whose main operations are in Tokyo, Singapore, London and Houston, will operate other vessels for worldwide trade.

According to MOL, the joint pool agreement will enable more efficient arrangement of vessels, allowing the flexibility to meet diverse customer needs with reliable, high-quality ocean transport service.