Cargo Transportation and Infrastructure Services

Mitsui O.S.K.Lines,Ltd.

MOL Signs Annual LNG Bunkering Contract with Seaspan Energy and Completes First Delivery

MOL to Begin Monitoring Marine Fuel Supply in June

Mitsui O.S.K. Lines hopes to arrange ships to pass through the Strait of Hormuz

Mitsui OSK Lines Affiliated Ship Successfully Navigated the Strait of Hormuz

MOL Sponsors CERAWeek and Announces Decarbonization Strategy

Mitsui OSK Lines LNG Cargo Loss Due to Evaporation

Sumitomo Marine Delivers LNG-Powered Large Gas Transportation Vessel

Sumitomo Mitsui and PSA Singapore Form Strategic Joint Venture

MOL Reaffirms Commitment to Achieving Net Zero Emissions by 2050

Sumitomo Mitsui to Sign FSRU Project Financing Agreement with Banking Consortium

9104

Mitsui OSK Lines (MOL) will monitor marine fuel supply starting June due to disruptions in oil flow from the Middle East caused by military actions, according to CEO Jotaro Tamura. He expressed concerns over a potential shortage of bunker fuel in this unprecedented situation. MOL has secured its marine fuel supply for April and May, as bunker trading is typically conducted one to two months in advance.

Businesstimes News

MOL will watch bunker supply from June as Middle East supply disruptions continue

CRAK

Following the US-Iran ceasefire, the oil tanker fleet stranded in the Persian Gulf for over a month has seen its first movements—two very large crude carriers (VLCCs) under Mitsui O.S.K. Lines (MOL), each carrying 2 million barrels of crude oil, have begun a tentative eastward move toward the Strait of Hormuz. However, Iran's demand for "transit fees" carries potential sanctions risks, and Donald Trump has publicly criticized Iran's "very bad" performance, leaving the timing of a true reopening unresolved. This eastward shift appears more like a cautious repositioning than a clear signal of imminent departure

- After the recent ceasefire, two supertankers, Mayasan and Yakumosan, have begun moving tentatively eastward in the Persian Gulf toward the Strait of Hormuz, carrying approximately 2 million barrels of oil each.  
- Despite this movement, the timeline for reopening the passage remains uncertain as shipowners express concerns over safety and potential sanctions issues, with reports indicating Iran's demand for payments for safe passage.  
- The current market interpretation views these movements as cautious adjustments rather than a definitive signal of imminent transit as the energy sector awaits further developments.

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First Tentative Moves Post-Ceasefire: Two Japanese VLCCs Head Toward Hormuz, Each Carrying 2 Million Barrels of Crude Oil

Two Chinese oil tankers are positioned near the Strait of Hormuz, ready to potentially become the first vessels to leave the Persian Gulf under a recent US-Iran ceasefire. However, uncertainty remains regarding safe passage, as Iran has warned that vessels still require permission for transit. Ship owners are awaiting clarity on the ceasefire's implementation, with concerns over ongoing regional tensions affecting shipping safety. Japan's Mitsui OSK Lines emphasizes the need for sustainable stability before resuming operations in the area.

Taipei Times

China oil tankers join line to test Hormuz exit

Mitsui O.S.K.Lines,Ltd.(9104.JP)

MOL will watch bunker supply from June as Middle East supply disruptions continue

First Tentative Moves Post-Ceasefire: Two Japanese VLCCs Head Toward Hormuz, Each Carrying 2 Million Barrels of Crude Oil

China oil tankers join line to test Hormuz exit