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<TITLE> Mitsui O.S.K. Lines, Ltd.  - Press Release </TITLE>

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<b>
MOL Orders for High-efficiency Cape-size Bulker<br>
Based on Advanced ISHIN-III Technologies
</b> 

<br><br>
December 28, 2011
<br><br>


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TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that it has ordered a new cape-size bulker that will adopt element technologies of the next-generation ISHIN-III vessel program to achieve high fuel efficiency. Universal Shipbuilding Corporation (President: Shinjiro Mishima) will construct the new ship, slated for completion in late 2014.
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MOL has repeatedly studied various technologies to realize the concept for the ISHIN-III series of next-generation vessels (large-scale iron ore carriers) announced in April 2010.
<br><br>
The newbuilding vessel will adopt the following element technologies which are at the core of the ISHIN-III concept. New technologies will boost fuel efficiency of the new ship by more than 20% compared to conventional cape-size vessels, with a corresponding reduction in CO2 emissions. Advanced features include:
<br>
<br>  •    A steam turbine that generates electric power using exhaust heat from the engine.
<br>   •   A hybrid power generation system to convert rotational force from the supercharger into electric power.
<br>  •    In addition, the electric power gained through the steam turbine and hybrid systems will assist vessel propulsion.
<br>
<br>MOL continues to take a proactive stance in technological development with the aim of reducing the environmental burden of its ships.
<br>
<br><b>Specifications</b>
<br>Length: 300.0m
<br>Breath: 50.0m
<br>Depth: 25.0m
<br>Draft: 18.4m
<br>Capacity: About 209,000 tons
<br>Gross tonnage: About 107,000 tons







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<br><a href="http://www.mol.co.jp" target="_blank">Mitsui O.S.K. Lines, Ltd. press release</a>


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