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

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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.



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