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Cruise Ships Tokyo - November 25, 2022 Mitsui O.S.K. Lines, Ltd. (the Company; President & CEO: Takeshi Hashimoto) hereby announces that the Board of Directors today decided on a plan to build two new ocean-going cruise ships. Details of the announcement are as follows. 1. Overview of to-be-built cruise ships
2. Reason for the decision
As part of this effort, the Company has decided to build two ocean-going cruise ships to capture domestic and international cruise demand, which has less linkage to shipping market fluctuations and is expected to expand in the future. Further details will be announced as it is decided going forward. While the impact of this decision on the Company's consolidated financial results for the fiscal year ending March 2023 is expected to be negligible, the Company believes that this decision will contribute to the improvement of business performance over the medium to long term. Mitsui O.S.K. Lines, Ltd. press release
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