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

GAIL seeks to add LNG tanker for US project

State-controlled gas distributor Gail plans to add an LNG tanker to ship cargoes from the US, two persons with knowledge of the matter told. Gail is seeking delivery of the tanker between October 2024 and September 2025 for a minimum period of seven years, which can be extended by another two years, a source in

MOL completes carbon insetting pilot with 123Carbon

Japan’s Mitsui O.S.K. Lines (MOL) has completed an insetting pilot with 123Carbon by tokenising the GHG emission reductions from the net zero voyage fuelled by bio-methanol. This allows MOL to allocate the GHG emission reductions from the use of bio-methanol to customers considering Scope 3 reductions from maritime transport services, based on the Market-Based Measures

Seatrium delivers MOL’s LNG bunkering ship

Seatrium has delivered MOL’s LNG bunkering vessel which will serve Pavilion Energy and TotalEnergies in the Port of Singapore. The group, previously known as Sembcorp Marine and renamed as Seatrium following its merger with Keppel Offshore & Marine, announced the delivery of the Singapore-flagged vessel, Brassavola. Seatrium handed over what it says is Singapore’s first

MoL to ship ammonia for Yara

Japanese shipping firm Mitsui OSK Line (Mol) is to ship ammonia under a charter agreement with Norwegian fertilizer producer Yara. A 34,500m³ ammonia carrier Green Pioneer will transport ammonia from Europe to Asian countries and Australia, Mol said. The details, such as the contract period, estimated shipping volume and the purpose were undisclosed. The contract

MOL inks charter contract with Yara

Japan’s Mitsui OSK Lines (MOL) has inked a time charter contract with Yara Clean Ammonia Switzerland part of part of Norwegian fertilizer maker Yara for the ammonia carrier Green Pioneer. The 2010-built 34,500 cu m vessel is expected to be engaged in the transportation of ammonia, mainly in the Pacific region. The unit, managed by

ClassNK issues approval in principle for MOL’s FSRU

ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsubishi Shipbuilding Co., Ltd.  Ammonia, which does not emit CO2 during combustion, is projected to be widely used as a source of clean energy for decarbonization, while the