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Mitsui O.S.K. Lines (MOL) has revealed its intention to purchase two ocean-going cruise ships for around ¥1 100 billion ($722 million).

Addressed and been prioritized in this legislation. we are going to be very excited to sign it hopefully in the coming days. >> early reports are indicating that the fatal amtrak derailment in washington similar to the 2015 derailment in philadelphia could have been prevented by positive train control which congress passed in '08 and was supposed to be on all lines by 2015. that has been pushed back and only on a quarter of passenger lines right now. is this white house considering any steps to speed up the implementation of positive train control to stop these accidents? >> right now we are c...

Know, with the speed that -- or with the energy that we can see here in this crash, it tells us they weren't going at a low speed. you always want the cars to remain upright. that's the best outcome for passengers. but in this case, falling from that bridge or going into the woods where they can hit other things, again, those are all not outcomes that you want to see, especially train cars flipped over. >> there's been a lot of talk about ptc, positive train control. can you explain exactly what that is and how that might have been able to make a difference in this crash? >> so, positive train...

That? >> there were a couple of reasons. one was it was a far more complex task than they first imagined. it was far more expensive. the rail lines have spent upwards of 6 to $7 billion putting ptc in place. still, you know, it really is inexexcusable on passenger lines where sometimes they are shared with freight as well that the passengers aren't being protected. >> people are dying because this technology is not in place and it's available and out there. thank you for being with us. appreciate it. >> my pleasure. white house lawyers meet with the special counsel's team this week. the pres...

And so few passenger lines have them. congress mandated ptc almost ten years ago and the deadline keeps getting pushed back. is it a money issue? i hate to bring up probability and statistics. but is the issue that these railroads say, well, given how much it cost and given how many crashes we have it doesn't make financial sense, is that why we don't see it? >> well, i have been dealing with railroad safety since 1968 and every proposed regulation or statutory mandate, the railroad industry complains that it costs too much money. safety does not cost too much money. had this positive train co...