MOL to offer low-emissions options to freight and NVOCC customers

In early 2024, MOL became the first shipping company in the Asia-Pacific region to issue environmental attributes certificates of low-emission voyages using alternative fuels. It has since set up a system that can issue EACs arising from using alternative fuels in the MOL-operated fleet. MITSUI OSK Lines is making concrete moves towards its goals of achieving net

MOL takes delivery of environmentally friendly multi-purpose vessel

The multi-purpose vessel Prima Verde, said to be the world’s first vessel able to run on marine gas oil (MGO) and wind assisted propulsion simultaneously, has been delivered. Operated by Mitsui O.S.K. Lines (MOL) company MOL Drybulk and owned by Daishin Shipping, the vessel), was delivered at Onomichi Dockyard. The vessel has a range of

NYK bets on carbon removal credits to meet emissions goals

Japan’s NYK Group becomes the latest shipping conglomerate to bet on carbon removal credits from the financial year 2025-26 onwards to meet its long-term decarbonization goals. The move by NYK, one of the world’s largest shipping companies by fleet size, comes shortly after another Japanese shipping conglomerate Mitsui O.S.K. Lines, or MOL, recently entered into

GCMD carries out ship-to-ship transfers of ammonia

Global Centre for Maritime Decarbonisation (GCMD) led consortium has carried out two ship-to-ship transfers of ammonia at anchorages within the Port of Dampier in a pilot project that reinforces the potential of the Pilbara region of Western Australia to be a green ammonia bunkering hub. The operation was conducted under strict safety protocols, with requisite approvals, and

MOL, Chevron to install pair of hard sails on LNG carrier

 Mitsui OSK Lines (MOL) and Chevron Shipping will install a pair of hard sails on the prow of an LNG carrier under construction at Hanhwa Ocean in South Korea, in a first for the gas shipping sector.  Two Wind Challengers – the rigid, telescopic sails developed by MOL and Oshima Shipbuilding – will feature prominently

TotalEnergies inks LNG bunker newbuilds

TotalEnergies is strengthening its LNG bunkering business with up to two newbuilds in China. The French energy major has contracted state-owned Hudong-Zhonghua Shipbuilding to build one firm 18,600 cu m vessel, with options secured for an additional unit. Several shipowners, including Avenir and Japan’s Mitsui OSK Lines (MOL), were in the run to secure the

MOL invests in next-gen engine technology startup

Japanese shipowner Mitsui OSK Lines (MOL) has invested in a startup company Carnot that develops technology for highly efficient engines using heat-resistant materials. Steel and aluminium engines require constant cooling to prevent them from overheating, which reduces performance and increases the risk of engine failure. Cooling could consume around 30% of an engine’s combustion energy.

MOL Group opens green-hydrogen plant in Hungary

MOL Group has inaugurated a 10-megawatt capacity green hydrogen plant in Százhalombatta, which is the largest in Central and Eastern Europe. The €22-million investment will reduce the Danube Refinery’s carbon dioxide emissions by 25 000 tons. MOL will be able to produce 1,600 tons of clean, carbon-neutral green hydrogen per year. The 10-megawatt electrolysis unit

Hydrogen, biofuel hybrid passenger ship enters service in Japan

Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed that the hydrogen and biofuel hybrid passenger ship Hanaria started service in Kitakyushu. The ship was built at the Hongawara Ship Yard for MOL’s company MOTENA-Sea, backed by investments from MOL Techno-Trade. According to MOL, this is the first passenger ship in Japan that can select

MOL, Idemitsu, HIF team up to develop e-methanol supply chain

Mitsui O.S.K. Lines, Ltd. announced the signing of a memorandum of understanding (MOU) on the joint development of a synthetic fuel (e-fuel)/synthetic methanol (e-methanol) supply chain including CO2 marine transport with Idemitsu Kosan Co., Ltd. and HIF USA LLC and HIF Asia Pacific Pty Limited (HIF), subsidiaries of HIF Global, a leading worldwide producer of