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The MOL Group Mitsui O.S.K
Annual Report 2003 52 Mitsui O.S.K. Lines The MOL Group Mitsui O.S.K. Lines, Ltd. As of March 31, 2003 ■ Consolidated Subsidiaries ● Subsidiaries Accounted for by the Equity Method ▲ Affiliated Companies Accounted for by the Equity Method Registered MOL’s Paid-in Capital Office Ownership (%)* (Thousands) Overseas Ship Operation/ ■ BGT related 11 companies Shipping Chartering ■ International Energy Transport Co., Ltd. Japan 56.23 ¥1,224,000 ■ International Marine Transport Co., Ltd. Japan 65.56 ¥500,000 ■ Mitsui O.S.K. Kinkai, Ltd. Japan 99.04 ¥660,000 ■ MCGC International Ltd. Bahamas 80.10 US$1 ■ Mitsui Kinkai Kisen Co., Ltd. Japan 74.83 ¥350,000 ■ Shipowner companies (170 companies) in Panama, Liberia, Cyprus, Malta, Hong Kong, Singapore ■ Tokyo Marine Co., Ltd. Japan 71.74 ¥617,500 ■ Tokyo Marine Asia Pte. Ltd. Singapore 100.00 S$500 ■ Unix Line Pte. Ltd. Singapore 100.00 S$500 ▲ Act Maritime Co., Ltd. Japan 49.00 ¥90,000 ▲ Aramo Shipping (Singapore) Pte. Ltd. Singapore 50.00 US$17,047 ▲ Arun LNG Transport, Inc. Japan 35.00 ¥400,000 ▲ Asahi Tanker Co., Ltd. Japan 24.75 ¥400,272 ▲ Badak LNG Transport, Inc. Japan 25.00 ¥400,000 ▲ Belo Maritime Transport S.A. Panama 50.00 US$2 ▲ Daiichi Chuo Kisen Kaisha Japan 20.97 ¥13,258,410 ▲ Faship Maritime Carriers Inc. Panama 50.00 US$1,200 ▲ Gearbulk Holding Ltd. Bermuda 40.00 US$260,000 ▲ Global Alliance K B.V. Netherlands 25.00 DGL8,000 ▲ Golden Sea Carrier Inc. Liberia 50.00 US$2,420 ▲ Interasia Lines, Ltd. Japan 43.81 ¥400,000 ▲ Jasmin Shipping (Tokyo) Corporation Japan 50.00 ¥10,000 ▲ Liquimarine Gandria Chartering Co., Ltd. -
Federal Register/Vol. 83, No. 47/Friday, March 9, 2018/Notices
Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices 10481 waiver shall respond to comments Interested parties may submit comments Nippon Yusen Kaisha into a new received and shall provide reasons for on the agreements to the Secretary, company known as Ocean Network the ASC’s finding. The order shall be Federal Maritime Commission, Express Pte. Ltd. effective April 1, 2018. published promptly in the Federal Washington, DC 20573, within twelve Ocean Network Express Pte. Ltd. is Register, though in the case of an order days of the date this notice appears in added as a party. In addition, the granting a waiver, only after approval by the Federal Register. Copies of the Amendment adds Yang Ming (UK) Ltd. the FFIEC. agreements are available through the as a party (operating as a single party Commission’s website (www.fmc.gov) or with Yang Ming Marine Transport II. Request for Temporary Waiver; by contacting the Office of Agreements Corp.). Received Request at (202) 523–5793 or tradeanalysis@ Agreement No.: 012472–001. On November 20, 2017, a letter fmc.gov. Title: Yang Ming/COSCO Shipping requesting consideration of a temporary Agreement No.: 011830–012. Slot Exchange Agreement. waiver was received by the ASC from Title: Indamex Cross Space Charter, Parties: COSCO Shipping Lines Co., TriStar Bank, a state-chartered bank Sailing and Cooperative Working Ltd. and Yang Ming Marine Transport located in Dickson, Tennessee (the Agreement. Corporation. Requester). On November 30, 2017, ASC Parties: CMA CGM S.A.; Hapag-Lloyd Filing Party: Robert Magovern; Cozen staff replied by letter to the Requester, AG; Nippon Yusen Kaisha; and Orient O’Connor; 1200 19th Street NW; in which ASC staff described the Overseas Container Line Limited. -
Climate and Energy Benchmark in Oil and Gas Insights Report
Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems. -
Integrating Into Our Strategy
INTEGRATING CLIMATE INTO OUR STRATEGY • 03 MAY 2017 Integrating Climate Into Our Strategy INTEGRATING CLIMATE INTO OUR STRATEGY • 03 CONTENTS Foreword by Patrick Pouyanné, Chairman and Chief Executive Officer, Total 05 Three Questions for Patricia Barbizet, Lead Independent Director of Total 09 _____________ SHAPING TOMORROW’S ENERGY Interview with Fatih Birol, Executive Director of the International Energy Agency 11 The 2°C Objective: Challenges Ahead for Every Form of Energy 12 Carbon Pricing, the Key to Achieving the 2°C Scenario 14 Interview with Erik Solheim, Executive Director of UN Environment 15 Oil and Gas Companies Join Forces 16 Interview with Bill Gates, Breakthrough Energy Ventures 18 _____________ TAKING ACTION TODAY Integrating Climate into Our Strategy 20 An Ambition Consistent with the 2°C Scenario 22 Greenhouse Gas Emissions Down 23% Since 2010 23 Natural Gas, the Key Energy Resource for Fast Climate Action 24 Switching to Natural Gas from Coal for Power Generation 26 Investigating and Strictly Limiting Methane Emissions 27 Providing Affordable Natural Gas 28 CCUS, Critical to Carbon Neutrality 29 A Resilient Portfolio 30 Low-Carbon Businesses to Become the Responsible Energy Major 32 Acquisitions That Exemplify Our Low-Carbon Strategy 33 Accelerating the Solar Energy Transition 34 Affordable, Reliable and Clean Energy 35 Saft, Offering Industrial Solutions to the Climate Change Challenge 36 The La Mède Biorefinery, a Responsible Transformation 37 Energy Efficiency: Optimizing Energy Consumption 38 _____________ FOCUS ON TRANSPORTATION Offering a Balanced Response to New Challenges 40 Our Initiatives 42 ______________ OUR FIGURES 45 04 • INTEGRATING CLIMATE INTO OUR STRATEGY Total at a Glance More than 98,109 4 million employees customers served in our at January 31, 2017 service stations each day after the sale of Atotech A Global Energy Leader No. -
Case No COMP/M.7579 - ROYAL DUTCH SHELL / KEELE OY / AVIATION FUEL SERVICES NORWAY
EN Case No COMP/M.7579 - ROYAL DUTCH SHELL / KEELE OY / AVIATION FUEL SERVICES NORWAY Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 19/06/2015 In electronic form on the EUR-Lex website under document number 32015M7579 EUROPEAN COMMISSION Brussels, 19.6.2015 C(2015) 4285 final In the published version of this decision, some information has been omitted pursuant to Article PUBLIC VERSION 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a MERGER PROCEDURE general description. To the notifying parties Dear Sir/Madam, Subject: Case M.7579 - ROYAL DUTCH SHELL / KEELE OY / AVIATION FUEL SERVICES NORWAY Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 (1) On 12th May 2015, the European Commission received a notification of a proposed concentration pursuant to Article (4) of Council Regulation (EC) No 139/2004 by which Shell Exploration and Production Holding B.V. ("SEPH", the Netherlands), ultimately controlled by Royal Dutch Shell plc ("RDS", England), and St1 Group Oy and St1 Nordic Oy (collectively, "St1", Finland) both controlled by Keele Oy, will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Aviation Fuelling Services Norway AS ("AFSN" or "JV", Norway), currently a 100% subsidiary of SEPH, by way of purchase of 1 OJ L 24, 29.1.2004, p. -
Quarterly Analyst Themes of Oil and Gas Earnings
Quarterly analyst themes of oil and gas earnings Q2 2021 ey.com/oilandgas Overview The recovery of oil and gas commodity markets and underleveraged and begin to return even more improved company performance continued in the cash to shareholders. As companies grapple with second quarter of 2021 with oil demand and OPEC+ low unlevered returns on renewable energy discipline resulting in a steady reduction in investments relative to oil and gas projects, the inventories and an increase in crude oil prices. matter of gearing is likely to re-emerge. Brent crude averaged US$69/bbl in the second On capital spending, analysts were interested in quarter, up 13% from the previous quarter and companies’ response to the improving macro- twice the average a year ago. Henry Hub averaged environment, specifically whether the companies US$2.95/mmBtu, down from US$3.50/mmBtu in were considering mobilizing additional upstream the first quarter as prices normalized after the investment with commodity prices returning to pre- extreme cold, but were up 50% from the beginning COVID-19 levels. Supply chain interruptions, labor to the end of the quarter, a trend that has market shortages and inflation concerns have continued into Q3. International gas markets begun to take center stage in economic news, and strengthened with northern Asia LNG prices oil and gas industry analysts checked for signs of averaging nearly US$10/mmbtu in 2Q21, driven by pricing pressure in the market for materials and strong growth in Chinese power demand, European services upstream and indications of how inventory rebuild and reduced hydroelectric output companies plan to offset the impact. -
1884 1973∼1985 1995 1945∼1970 1984 2016 Mid 2000S~2015
MOL’s History: “Spirit of Challenge and Innovation” 1984 Launched the SENSHU MARU, an LNG Carrier Demand, mainly from electric power companies, increased for imports of liquefied natural gas (LNG), an energy source with a low environmental burden. Requiring transport at minus 162 degrees Celsius, LNG is technically challenging to transport. MOL rose to the challenge, entering the LNG transport field in 1983. Since then, MOL’s fleet of LNG carriers has expanded to a world-leading 92 (including outstanding orders) as of March 31, 2017. 2016 World’s first large ethane carrier ETHANE Throughout its more than 130 years of history, MOL has grown into one of the world’s largest full-line CRYSTAL completed marine transport groups by anticipating the needs of its customers and the demands of the future, while overcoming various challenges along the way. What has supported us has been our “spirit of challenge and 2012 Photo: MODEC, Inc. The world’s first hybrid car carrier, innovation.” Going forward, we will nurture this spirit and maintain course into the next 130 years. the EMERALD ACE, is launched. 2013 Japan’s first participation in FSRU project 2010 The first participation in 1989 FPSO Navix Line is established by the merger of 1973~1985 Japan Line and Yamashita-Shinnihon 1884 Competitiveness of Japanese Flagged Vessels Challenged Steamship. The Birth of Osaka Shosen Kaisha by the Yen’s Sharp Appreciation Following the Plaza (OSK Line) Accord and Floating Exchange Rates The founding of MOL can be traced back to Osaka Shosen In 1973, Japan switched from a fixed exchange rate system where one U.S. -
Oil and Gas News Briefs, July 26, 2021
Oil and Gas News Briefs Compiled by Larry Persily July 26, 2021 Saudis want to be ‘last man standing’ as oil demand declines (Bloomberg; July 21) – Saudi Energy Minister Prince Abdulaziz bin Salman’s decisions after flying home from a tumultuous OPEC meeting in Vienna in March 2020 exposed a new Saudi policy — bolder, defiant of a growing global consensus on climate change, and more controlled by the royal family. They also reflected what Abdulaziz sees as his destiny: To ensure that the last barrel of oil on Earth comes from a Saudi well. As he said at a private event in June, according to a source, “We are still going to be the last man standing, and every molecule of hydrocarbon will come out.” All of this has huge implications for world energy markets. Abdulaziz, the first member of the royal family to be the kingdom’s energy minister, is the most important person in the oil market today. But a rancorous OPEC+ meeting in July showed just how difficult it’s going to be for him to consistently get his way in an era when oil-producing nations — their self-interests often in conflict — are contemplating a future of declining oil demand. Saudi Arabia’s power is under threat as the world seeks to move away from oil and other fossil fuels. Beneath the kingdom’s desert there are about 265 billion barrels of oil, worth almost $20 trillion at current prices. It’s a massive prize, but one that may be worthless someday if the global economy figures out how to keep churning without oil. -
Integrated Annual Report
MOL GROUP INTEGRATED ANNUAL REPORT 2019 Introduction 2 CONTENTS INTRODUCTION …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………3 MOL GROUP INTEGRATED REPORTING ......................................................................................................................................................................................... 3 LETTER FROM THE CHAIRMAN CEO AND THE GROUP CEO ................................................................................................................................................ 4 MATERIALITY ASSESSMENTS .................................................................................................................................................................................................................... 5 MANAGEMENT DISCUSSION AND ANALYSIS OF 2019 BUSINESS OPERATIONS.…..…………………………………………………………………………………………………….…….6 OVERVIEW OF THE MACROECONOMIC AND INDUSTRY ENVIRONMENT ..................................................................................................................... 7 INTEGRATED CORPORATE RISK MANAGEMENT ........................................................................................................................................................................ 9 FINANCIAL AND OPERATIONAL REVIEW OF 2019 .......................................................................................................................................................................11 KEY ACHIEVEMENTS AND SUMMARY OF 2019 -
Market Position in the Industry[111KB/2Pages]
Market Position in the Industry MOL operates a large and balanced oceangoing fl eet. In terms of its total fl eet size and presence in individual market categories, MOL ranks among the world’s largest shipping companies. World Major Carriers’ Fleets (All Vessel Types) (Number of vessels) 0 200 400 600800 1,000 1,200 947 MOL (Japan) 68 NYK (Japan) COSCO (China) K Line (Japan) China Shipping (China) APM-Maersk (Denmark) Oldendorff (Germany) MSC (Switzerland) Swiss Marine (Switzerland) CMA-CGM (France) Fredriksen (Norway) Teekay (Canada) 0 20 40 6080 100 120 (Million deadweight tons (DWT)) ■■ Number of vessels ■■ Million deadweight tons (DWT) Source: MOL internal estimation based on each companies’ published data, Clarkson and Alphaliner (March 2015) World Major Carriers’ Revenue Portfolio by Segment (%) 0 2040608010047 43 10 MOL NYK K Line APM-Maersk COSCO NOL OOIL MISC Frontline Teekay Pacifi c Basin Golar LNG ■ Bulkships ■ Containerships and related business ■ Other businesses Source: MOL calculations based on each company’s fi nancial statements and/or news. MOL’s containerships and related business includes revenue from Containerships, Terminals and Logistics. NYK’s containerships and related business includes revenue from Containerships, Air freighters and Logistics. APM-Maersk’s containerships and related business includes revenue from Terminal business. COSCO’s containerships and related business includes revenue from Terminal business. 38 Mitsui O.S.K. Lines 115mol_英文0723入稿PDF.indd5mol_英文0723入稿PDF.indd 3838 22015/07/23015/07/23 117:337:33 -
APL (Also See ANL & CMA) MC's Need to Call Equipment Control on Waivers Or RRG Approvals 757/961-2574 Dispute Contact PSW
Frequently Called Equipment Providers as of 09/16/2021 and how they receive updates APL (also see ANL & MC’s need to call Equipment Control on Waivers or RRG 757/961-2574 Internet CMA) Approvals Dispute Contact [email protected] 866/574-1364 Equipment East [email protected] 757/961-2102 Atlanta, Baltimore, Boston, Buffalo, Charleston, Charlotte, Greensboro, Greer, Jacksonville, Memphis, Miami, Nashville, New York, Norfolk, Philadelphia, Pittsburgh, Richmond, Savannah, Tampa. Equipment Midwest & [email protected] 757/961-2105 Gulf Chicago, Cincinnati, Cleveland, Columbus, Dallas, Detroit, Houston, Indianapolis, Kansas City, Loredo, Louisville, Minneapolis, Mobile, New Orleans, Omaha, Rochelle, San Antonio, Santa Teresa. Equipment West [email protected] 602/586-4940 Denver, Long Beach, Los Angeles, Oakland, Phoenix, Portland, Salt Lake City, Seattle, Tacoma. Special Equipment (US) [email protected] 757/961-2600 Equipment Canada (Dry & [email protected] 514/908-7866 Special) Calgary, Edmonton, Halifax, Montreal, Prince George, Prince Rupert, Saskatoon, St. John/New Brunswick, Toronto, Vancouver, Winnipeg. LAX/LGB [email protected] Or [email protected] 562/624-5676 Long Beach, Los Angeles. City Code for Emails- Dallas: USDAL-El Paso: USELP-Houston: USHOU- Mobile: Please add City Code to USMOB- New Orleans: USMSY- San Antonio: USSAT- Santa subject line on your Tereas: USSXT emails for CMA and APL Atlanta:USATL-Baltimore:USBAL-Boston:USBOS- Bessemer:USBMV-Buffalo: USBUF-Chicago:USCHI- Cincinnatti:USCVG-Charleston:USCHS-Charlotte:USCLT- Cleveland: USCLE-Columbus:USCMH-Denver:USDEN- Detroit: USDET-Greensboro: USGBO-Indianapolis: USIND- Jacksonville:USJAX-Joliet: USJOT-Kansas City:USKCK- Laredo:USLRD-Louisville:USLUI-Los Angeles:USLAX- Memphis:USMEM-Miami:USMIA-Minneapolis:USMES- Nashville:USBNA-New York:USNYC-Norfolk:USORF- Oakland:USOAK-Omaha:USOMA-Phildelphia:USPHL- Phoenix:USPHX-Pittsburgh:USPIT-Portland:USPDX-Salt Lake City: USSLC-Savannah:USSAV-Seattle:USSEA-St. -
Sustainable Energy Transition: Opportunities Abound
1 PERSPECTI VE Sustainable energy transition: opportunities abound July 2021 For investment professionals only 2 On 18 May 2021, the International Energy Agency THE UTILITIES SECTOR IS ON THE RIGHT TRACK (IEA) published its report “Net Zero by 2050. A Utility companies are setting themselves apart from oil and Roadmap for the Global Energy Sector”. The IEA was gas companies in a positive sense. This is partly due to market established in 1974 as the oil sector watchdog of differences, other shareholders and more stringent Western countries. Over the past 47 years, this regulations. agency has mainly been considered a strong The table below shows that this does not necessarily affect supporter of fossil fuels. This is precisely why its returns. The table shows returns versus the capital employed. report came as a big surprise to the oil sector, While this is only one variable and the companies shown differ politicians, climate activists and investors alike. The in size, financial strategy, activities, etc., it does show that report outlines how carbon emissions could be there are opportunities to maintain returns on investments in sustainable activities. reduced to zero by 2050. That goal can be seen as a 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 GEM necessary condition for complying with the Paris O&G Royal Dutch Climate Agreement, which aims to limit global -6.87 6.68 9.13 5.50 2.58 1.73 6.81 7.65 12.95 15.68 11.46 8.02 6.78 Shell PLC o TotalEnergies warming to 1.5 C (above pre-industrial levels).