page 50 page 52 52 54 55 page 56 page 58 page 62 page 64 CSR 64 CSR 65 67 page 68 Annual Report 2012 RISING ABOVE ADVERSITY 49

2012 6 23 1943 1953 1967 4 1995 4 1996 6 1998 6 2000 6 2003 6 2004 6 2010 6 1976 4 2002 6 2003 1 2004 6 2006 6 2007 6 2008 6 2010 6 1953 1951 1975 4 2002 6 2003 6 2006 6 2009 6 2011 6 1975 4 2002 6 2004 6 2006 6 2008 6 2009 6 1955 1952 1978 4 2004 6 2008 6 2010 6 2011 6 1976 4 2005 6 2007 6 2010 6 2011 6 1939 1943 2008 4 2008 6 2010 6 1945 2011 5 6 50 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

1958 1981 4 2008 6 2009 6 1959 1981 4 2006 6 2011 6 1941 1966 4 2006 6 1945 2008 10 2011 6 LNG IR MOL America Inc. Chairman President CEO Mitsui O.S.K. Bulk Shipping Asia Oceania Pte. Ltd. Managing Director LNG Annual Report 2012 RISING ABOVE ADVERSITY 51

2001 3 1997 4 12 1998 APL 1999 2000 1. 2. 2110 3. 2812 4. 2 5. IR 2001 13 2002 2 1. 312 3 2. 3. 2006 2007 2008 2009 2011 9 3 10 2011VISION6 2011 5 GEAR UP! MOL 2011 7 2011 9 LNG 2011 11 2011 12 2012 2 2000 2002 2 GEAR UP GEAR UP! MOL 52 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

Safety Assurance Committee Ship Standard Specification Committee CSR CSR 33 2012 6 22 [10] 3 6 9 4 2 [49] 10 GEAR UP [12] [2] [42] [1] CSR [2] [1] 6 22 28 [ ]2011 Annual Report 2012 RISING Above Adversity 53

2012 6 22 3 9 42 2012 6 22 2011 8 443 $5,390 3 80 973 7 52 633 110 $1,338 9 110 119 $1,448 2011 2011 54 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

RISING ABOVE ADVERSITY 2009 3 2012 3 2009 12 4362 325 3 2006 6 2006 6 IR 2011 TDnet 2005 JIRAIR 32008 2009 1 3 2006 4 25 55 Annual Report 2012

RISING ABOVE ADVERSITY 2012 3 954 M&A 2012 1 19 2012 38,696 5 6 1% 40 2012 3 31 % 41% 21% 7% 14% 12% 5% 0% 28% 8% 3% 9% 52% 56 Mitsui O.S.K. Lines

9506.5 6 1 1.7 IMO 2010 950 2010 4 GEAR UP! MOL 4 IT 3240 2025 /US$ 119 % 1%40 US$/MT 11.7 3 105 110 IT 20 US$/MT 800 600 BCP 400 200 0 98/3 99/3 00/3 01/3 02/3 03/3 04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 Annual Report 2012 RISING ABOVE ADVERSITY 57

MOL 1 MOL 1 2011 2 31 MOL 1 60 MOL 58 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

MOL 2 MOL MOL MOL 2 1 Annual Report 2012 RISING ABOVE ADVERSITY 59

MOLVISION VISION MOL VISION MOL VISION MOL MOL 2 3 4 MOL MOL MOL MOL MOL RISING ABOVE ADVERSITY 60 Mitsui O.S.K. Lines

MOL 1 MOL MOL MOL 1MOL MOL MOL 1 MOL DNA GEAR UP! MOL Annual Report 2012 RISING ABOVE ADVERSITY 61

W 2 1 2 2007 2010 2012 GEAR UP MOL 4 2006 3 24365 3 2006 100 100 50 0 2006 2007 2008 2009 2010 2011 MOL 1 100 50 (2009 100) 0 2009 2010 2011 62 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

DVD Key Performance Indicator DVD 3 Safety Operation Supporting Center SOSC24 365 20 SPIRIT OF MOL 2012 4 MOL Seamanship Annual Report 2012 RISING ABOVE ADVERSITY 63

CSR CSR CSR 3 CSR CSR CSR 2004 6 CSR CSR GEAR UP MOL2010 2012 CSR 1. CSRCSR 2. CSR 3. World-wide Group-wide CSR CSR CSR 2012 3 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 2005 3 1999 2000 7 4 10 12 Web 64 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

2011 3 13 22 410 3,700 1,260 10 19 2036 1. 5,000 2. 6,300 2011 4 11 17 2011 3 17 4,451 13 272012 5 MOL EMS21 MOL EMS21 2001 4 MOL EMS21 2003 1 1 ISO14001 54 16 15 ISO14001 DNV=DET NORSKE VERITAS ) Annual Report 2012 RISING ABOVE ADVERSITY 65

CO2 NOxSOx URL http://www.mol.co.jp/ishin 2007 12 BRASIL MARU32 2007 ECO SAILING ECO SAILING PBCF BRASIL MARU PBCF NOx SOxNOx SOx MARPOL 3.5% 80% CO2 2 200kW 2007 1,200 2011218 kwh 34% 40% 66 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines

2009 5 2010 ISO14001 3 I. II. III. 8 2015 2011 11 2011 12 SPIRIT OF MOL 2011 6 Dow Jones Sustainability Indexes DJSI IR2003DJSI 2011 9 FTSE4Good Global Index FTSE FTSE4Good Global Index2003 2012 3 MS-SRI 150 MS-SRI2003 2012 1 CSR URL http://www.mol.co.jp/csr-j Annual Report 2012 RISING ABOVE ADVERSITY 67

2009 9 CO2 ISHIN-IISHIN-IIISHIN-III ISHIN-I EMERALD ACE2012 6 ISHIN- EMERALD ACE EMERALD ACE 160kW 210W7681,079m 2 PC322.2MWh 200 ISHIN- LNG LNG LNG CO2 CO250% ISHIN- CO2 CO230% HPhttp://www.mol.co.jp/ishin/ 68 RISING ABOVE ADVERSITY Mitsui O.S.K. Lines