Mitsui OSK Lines (MOL) a $1.51bn loss of the financial year ended 31 March 2016, hit the costs of restructuring its dry bulk and container shipping businesses. The JPY170.4bn ($1.51bn) loss in for FY2015 compared to a JPY42.3bn profit in the previous year. Revenues saw a decrease in FY2015 to JPY1.71trn compared to JPY1.82trn in the previous year. The huge loss resulted from a previously announced JPY179.3bn loss taken in the fourth quarter of the related to the restructuring of its dry bulk and container shipping businesses, which includes the closing down of its MOLBC business in Singapore.
