Japan’s Mitsui O.S.K. to invest $710m in new cruise ships

TOKYO — Japanese marine transporter Mitsui O.S.K. Lines (MOL) will invest at least 100 billion yen ($710 million) on an order for two cruise ships, part of a long-term plan to diversify operations as a hedge against an unpredictable shipping market.

MOL President and CEO Takeshi Hashimoto disclosed the plan during an interview with Nikkei recently.

Source link