Mitsui invests to support sustainable shipping

Mitsui & Co. has decided to invest in a maritime investment fund, managed by Danish fund management company Navigare Capital Partners, targeting $650 million in capital focusing on sustainable shipping including green vessels and carriers. The company will invest through intermediate companies, together with Mitsui & Co. Alternative Investments Limited, a subsidiary of Mitsui. Navigare

ADNOC delivers certified bulk commercial shipment to Mitsui

ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co., Ltd. (Mitsui) for use in clean-power generation in Japan. The low-carbon certification process, from production to delivery, has been conducted by TÜV SÜD, an internationally renowned certification agency. The landmark shipment

MITSUI performs world-first hydrogen test

MAN Energy Solutions’ licensee, MITSUI E&S Co. Ltd., has announced that it has successfully tested a 50-bore MAN B&W two-stroke engine up to 100% load at its Tamano facility while running on hydrogen, a world-first for the maritime industry. In collaboration with MAN Energy Solutions, MITSUI converted one of the four cylinders of an MAN

Tsuneishi Shipbuilding bags order for four methanol boxships

Japanese shipbuilder Tsuneishi Shipbuilding has received an order for four methanol-fueled 5,900 TEU containerships. This is the third order for methanol-fueled vessels following the KAMSARMAX AEROLINE and TESS66 AEROLINE, and the first order for a methanol-fueled container carrier. Recently, the shipbuilder has been contracted to provide two 81,200 dwt methanol dual-fuel Kamsarmax dry bulk newbuilds

Mitsui to launch biofuel-hydrogen tourist vessel

Japanese marine shipping company Mitsui O.S.K. Lines is set to launch Japan’s first biofuel-hydrogen tourist vessel next year. This move comes as part of a broader industry effort to decrease greenhouse gas emissions. The vessel, which measures 33 meters in length and has a roundish shape, has a capacity for 100 passengers. It is scheduled

JERA signs new deal with Russia for LNG deliveries

Japan’s JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG). Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell

Mitsui signs turbocharger agreement for TCT Series

At a recent ceremony at the Tsunamachi Mitsui Club in Tokyo, Japan, MAN Energy Solutions signed a licence agreement with Mitsui E&S Machinery for MAN’s new TCT axial-turbocharger series. As one of the largest, marine two-stroke engine builders in the world, Mitsui has been a licencee of MAN Energy Solutions low-speed engines and turbochargers for

MOL and Mitsui sign time charter agreement for LNG carrier

Japan’s Mitsui OSK Lines (MOL) has signed a time charter agreement with domestic trading firm Mitsui & Co for an LNG carrier. The 174,000m³ vessel is expected to be delivered in 2024. It will primarily be used to supply LNG for Mitsui & Co projects across the world. The vessel will be equipped with a