Mitsui O.S.K. Lines (MOL) has signed a memorandum of agreement with Turkish steel company, Tosyalı.

From left to right: Tosyalı chairman Fuat Tosyalı; Turkish Ambassador to Japan, Dr. Hasan Murat Mercan; MOL president and ceo, Junichiro Ikeda.

The companies will explore the possibility of a partnership for the transport of raw materials and steel products within Tosyalı's production networks in Turkey and overseas.

As part of the agreement, MOL and Tosyalı will consider the construction of a port in southeastern Turkey.