CONCORD, CA - Mitsui O.S.K. Lines, Ltd. (MOL), with North America headquarters located in Concord, California, advanced 17 positions in Forbes's latest rankings of the top 2000 global companies. MOL was ranked 818 in July of 2003 and rose to 801 by April 2004.
MOL is one of only 10 global ocean carriers included in the recent top 2000 rankings. MOL is also one of only three global ocean carriers ranked among the world's top 1,000 companies.
This is the second year Forbes has published a comprehensive ranking of the world's leading 2000 companies. According to Forbes, "company rankings were calculated based upon a composite measure of sales, profits, assets and market value. The top 2000 rankings include 51 countries and 27 industries. Collectively, these companies represent $19 trillion in sales, $760 billion in profits, $68 trillion in assets, $24 trillion in market value and 64 million employees worldwide." (Forbes staff, 03/25/04)
"MOL values being included in Forbes 2000," said George Hayashi, Chairman, President and Chief Executive Officer, MOL (America) Inc. "Forbes is one of the first organizations to develop a scoring method that neutralizes inherent differences between industries. This process results in a reliable indicator of a company's financial performance in the global business arena, as well as, its influence."
MOL is one of the world's largest multi-modal shipping companies, operating a diverse network of container shipping and logistics services around the globe. Please visit the company's website at www.MOLpower.com.
For additional information, please contact Ann Elleflot, Manager, Advertising/Communications, MOL (America) Inc., by telephone (925/688-2604) or e-mail (ann.elleflot@MOLamerica.com)