Marine Link
Tuesday, July 16, 2024

Mitsui May Mothball Ships

Maritime Activity Reports, Inc.

November 17, 2008

According to a Bloomberg report, Mitsui O.S.K. Lines Ltd., Japan's most profitable shipping line, may mothball some of its largest vessels for the first time in over two decades as charter rates have fallen 98 percent over the last five months.

(Source: Bloomberg)