History

Jan.1959 :

The company was founded as Chiyoda Ore Transport, Ltd. in a joint venture by Mitsubishi Corporation, Mitsubishi Mining Co., Ltd. (now Mitsubishi Materials Corporation), Mitsubishi Shipping Co., Ltd., Yawata Steel Corporation (now NIPPON STEEL & SUMITOMO METAL CORPORATION), Mitsubishi Shipbuilding & Engineering Co., Ltd. (now Mitsubishi Heavy Industries Ltd.) and Tokio Marine and Fire Insurance Co., Ltd. (now Tokio Marine and Nichido Fire Insurance Co., Ltd.). The company’s purpose was the transport of Atacama iron ore from Chile to Yawata Steel Corporation.
Capital ¥200 million

Jul.1960 : The “Santa Lucia Maru,” our first ore carrier, was built.
Jun.1962 : Increased capital to ¥500 million.
Mar.1964 :

Changed name to “ Mitsubishi Ore Transport Co., Ltd.”
The company became a fully independent international shipping company, with employees transferred from Mitsubishi Shipping Co., Ltd. and Mitsubishi Mining Co., Ltd.

May.1969 : Nippon Yusen Kabushiki Kaisha(NYK Line) become a shareholder.
May.1970 : Increased capital to ¥750 million
Oct.1970 : The “Santa Monica Maru,” our first Panamax bulk carrier, was built.
Aug.1977 : The “Neptune Diamond,” our first car carrier, was built.
Mar.1981 : The “Santa Vitoria Maru,” the first ship of a special government program, was built.
Mar.1982 : Increased capital to ¥1.5 billion.
Dec.1995 : Received a “Document of Compliance” for shipping management based on International Safety Management (ISM) codes.
Mar.1996 : The “Forest Kishu,” our first Wood chip carrier, was built.
Jul.1996 : The “Santa Isabel,” our first Capesize bulk carrier, was built.
Jul.2002 : Developed long term fleet consolidation plan.
Dec.2002 : rdered DW 177,000 mt Capesize bulk carrier as replacement for “Santa Isabel.”
Sep.2003 : The “Fuji Spirit,” our first Aframax tanker, was built.
Feb.2004 : The “Torm Anholt,“ the first ship of the long term fleet consolidation plan, was built.
Aug.2006 : Capesize bulk carrier “Santa Lucia” was built and placed in coal business under “NIPPON STEEL & SUMITOMO METAL CORPORATION” charter.
Jan.2009 : 50th anniversary of foundation
Nov.2010 : MOT-BARKO MANILA Inc. was founded as a manning company in the Philippines, which is a joint venture by Mitsubishi Ore Transport Co., Ltd. and Barko International Inc.
Jun.2011 : The “Santa Lucia”, the bulker in cape-sized for NIPPON STEEL & SUMITOMO METAL CORPORATION was awarded a prize the Best Quality Ship Awards for 2010 from the Japan Federation of Pilots’ Associations.