TOKYO—Mitsui O.S.K. Lines, Ltd. announced today their plan to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March. Scrapping of two vessels is already completed, and preparations are under way to start dismantling the other three.
All five tankers were crude carriers launched before 1998. MOL, as one of the world’s leading crude oil transport operators, is moving ahead to rejuvenate its fleet, upgrade the quality of its services, and solidify its position in the market, where it expects mid- and long-term growth.
The vessels will be scrapped at yards that conform to ISO 14001 (or equivalent environmental management standards) and MOL will carefully evaluate their scrapping methods based on its own guidelines for environmental protection and occupational safety.