Mitsui E&S and Taiyo Electric have unveiled an Overhang Permanent Magnet Shaft Generating System for large marine engines. Positioned at the front of the engine, this innovative design minimizes disruptions, enhances fuel efficiency, and simplifies installation. It also supports engine-assist operation, improving overall vessel performance in challenging conditions.
Mitsui Ocean Cruises has acquired a second luxury cruise ship from Carnival Corporation’s Seabourn Cruise Line, signaling its expansion in the domestic cruise market. The Seabourn Sojourn, with a gross tonnage of 32,477, was delivered to MOL on February 28 and will be chartered back to Seabourn until May 15, 2026.
Mitsui O.S.K. Lines is increasing its stake in Gearbulk Holdings to solidify its position in the dry bulk shipping industry. The acquisition of an additional 23 percent stake from the Jebsen family will bring MOL’s ownership to 72 percent. This move is part of MOL’s strategy to accelerate revenue growth and enhance its competitive edge in the market.
