Latest news with #TakeshiHashimoto
CNBC
5 days ago
- Business
- CNBC
Mitsui O.S.K.: Operations in key Arabian Gulf routes ‘so far normal' despite regional tensions
CEO Takeshi Hashimoto outlines current conditions for shipping and energy transport in the Arabian Gulf, as the Israel-Iran conflict fuels uncertainty over vital trade corridors.
CNBC
5 days ago
- Business
- CNBC
'Not realistic' for industry to operate without China-built ships: Mitsui O.S.K. Lines CEO
Mitsui O.S.K. Lines President & CEO Takeshi Hashimoto joins CNBC's JP Ong at the Energy Asia conference to discuss how the United States' proposed policies against China-built vessels will impact the industry.
Zawya
6 days ago
- Business
- Zawya
Mitsui OSK CEO says shipping in Gulf continues, closely monitoring situation
SINGAPORE: Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL), is operating as usual in the Gulf while closely monitoring the situation in the region, CEO Takeshi Hashimoto said on Tuesday. "We are operating so many containers, car carriers and chemical tankers so that it is very, very difficult for us to reduce or stop with the service," Hashimoto told Reuters on the sidelines of the Energy Asia conference. Shippers re-routed via the Cape of Good Hope after Yemeni Houthis attacked ships in the Red Sea, but there is no alternative route for shipments in the Gulf, he added. About a fifth of the world's total oil consumption passes through the Strait of Hormuz, a critical waterway between the Gulf and the Gulf of Oman. MOL has 15-20 vessels that regularly go through the Gulf, Hashimoto said, adding that the company is watching the situation 24/7 and evaluating risks across its fleet. Ships that are related to Israel or carry U.S. and UK flags are at maximum risk, Hashimoto said. MOL could increase ocean freight rates at some stage with the addition of insurance and security costs, he added. The company will also continue to avoid shipping in the Red Sea, Hashimoto said. Separately, MOL, the world's largest LNG carrier, is in talks with the European Union to lift sanctions from its liquefied natural gas tankers. "We provided a tanker to Yamal LNG project which was not a target of sanctions," Hashimoto said, referring to the Russian export project. "Therefore we are strongly confident that our vessel should not be a target of sanctions."
Reuters
6 days ago
- Business
- Reuters
Mitsui OSK CEO says shipping in Gulf continues, closely monitoring situation
SINGAPORE, June 17 (Reuters) - Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL) (9104.T), opens new tab, is continuing normal operations in the Gulf while closely monitoring the situation in the region, CEO Takeshi Hashimoto said on Tuesday. "We are operating so many containers, car carriers and chemical tankers so that it is very, very difficult for us to reduce or stop with the service," Hashimoto told Reuters on the sidelines of the Energy Asia conference. Shippers re-routed via Cape of Good Hope after Yemeni Houthis attacked ships in the Red Sea, but there is no alternative route for shipments in the Gulf, he added.
Mint
27-05-2025
- Business
- Mint
Mitsui OSK Talking to Japan Over EU Sanctions on Its LNG Tankers
Mitsui OSK Lines Ltd. is seeking help from the Japanese government after a surprise decision by the European Union to sanction three of its liquefied natural gas tankers linked to a Russian project. 'We are not at all happy about this, so we are now lobbying the EU through various channels, including the Japanese government,' Chief Executive Officer Takeshi Hashimoto said in an interview on Tuesday. The North Moon, North Ocean and North Light — managed by Mitsui OSK — were included in the 17th package of sanctions adopted by the European Council last week. The measures were part of the EU's mounting efforts to push Moscow into a peace deal with Ukraine, addressing workarounds to previously imposed restrictions. The three vessels recently helped move shipments from Yamal LNG, which is not under sanctions. They loaded cargoes transshipped near the port of Murmansk, where cargoes arrive on ice-class ships directly from the plant, according to shipping data compiled by Bloomberg. Some of the vessels are already loaded and Mitsui OSK will unload them as soon as possible, Hashimoto said. 'I think those vessels will be unusable for some time to come,' he said. 'But, to be honest, they have been saying for a long time that the Yamal project is not subject to sanctions, and suddenly these ships are subject to sanctions.' The company saw a considerable rush for stockpiling LNG from January to March ahead of tariffs by US President Donald Trump and, after dropping in April, demand has been very strong since May following an easing in the trade war. 'We expect it to continue to be strong during May and June,' Hashimoto said. This article was generated from an automated news agency feed without modifications to text.
