Mitsui O.S.K. Lines (MOL), the Japanese shipping giant and a member of the G6 Alliance, has reportedly almost finalised a plan to charter an 18,000 Twenty Foot Equivalent Unit (TEU) or larger ship from Hong Kong-administered Seaspan or a Japanese chartering firm. With the 2M and Ocean Three vessel sharing agreements likely to deploy larger vessels to get an advantage in system costs, G6 will have to follow suit in order to compete, according to a senior official of the company. The official said that MOL was ready to place the biggest containerships in certain trades in order to stay cost-competitive. He added that a decision on this would be taken by January.