MOL and Mitsubishi Gas agree on charter deal

Mitsui O.S.K. Lines (MOL) has signed a basic agreement with compatriot Mitsubishi Gas Chemical Company for a long-term charter of a dual-fuel methanol carrier. Since MOL delivered Japan’s first methanol carrier, the Kohzan Maru (first generation), to Mitsubishi Gas Chemical in 1983, the two companies have built a partnership centered on the ocean transport of

First certified low-carbon ammonia shipped to Japan

A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. The shipment is the result of a successful multiparty collaboration across the low-carbon ammonia value chain. The ammonia was produced by SABIC Agri-Nutrients with feedstock from Aramco, and sold by Aramco Trading Company to the Fuji Oil

MOL, Tsuneishi, and Mitsui deliver ammonia-fuelled gas carrier

Mitsui OSK Lines (MOL) and compatriot yards Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have delivered on the project launched last year to develop an ammonia-powered gas carrier. The 40,000 cu m ship, which can carry ammonia and liquefied petroleum gas (LPG), has received approvals in principle (AiPs) from ClassNK and Lloyd’s Register. The vessel, which

Startup company Amogy raises funding for zero emission shipping solutions

Amogy, an American startup focused on developing ammonia-powered ships, has raised $139m in funding in a round led by South Korean conglomerate SK Innovations. Other investors include Singapore’s state holding company Temasek, the corporate-venture arm of oil giant Saudi Aramco, plus the investment firms AP Ventures and DCVC. Japan’s Mitsui OSK Lines (MOL), one of

First methanol-fuelled coastal tanker to be built in Japan

Mitsui OSK Lines, MOL Coastal Shipping, Tabuchi Kaiun, Niihama Kaiun, Murakami Hide Shipbuilding, and Hanshin Diesel Works will a build a methanol-fuelled coastal tanker. The 65. 5 m long vessel will be jointly owned by MOL Coastal Shipping, Tabuchi Kaiun, and Niihama Kaiun. The vessel will be built at Kanasashi Heavy Industries, part of the

MOL partners with Vale to install Norsepower rotor sails

Mitsui OSK Lines (MOL) has reached a partnership with Vale International to install Norsepower Rotor Sails on an in-service Capesize bulk carrier. The 200,000t class bulk carrier will be retrofitted with two 35m x 5m rotor sails manufactured by Norsepower. The installation of both rotor sails is anticipated to be carried out in the first

Methanex and MOL complete bio-methanol voyage

Methanex Corporation (Methanex) and Mitsui O.S.K. Lines, Ltd. (MOL) have completed the dual-fuel vessel Cajun Sun’s first-ever net-zero voyage fuelled by bio-methanol. The voyage is an example of how Methanex and MOL are collaborating to demonstrate the viability of methanol as a marine fuel with a pathway to net-zero emissions. The Cajun Sun, operated by

MOL to study use of LBM derived from Cattle manure

Mitsui OSK Lines’ (MOL), the Japan’s largest shipowner, has signed a memorandum of understanding with compatriot firm Air Water to jointly study the trial use of liquefied bio-methane (LBM) derived from cattle manure in LNG-fuelled vessels. Other shipping lines, notably CMA CGM, are also looking at LBM at the moment. This joint study in Japan

MOL receives new dual-fuel methanol vessel

Mitsui OSK Lines (MOL) has taken delivery of a new dual-fuel methanol carrier at Hyundai Mipo Dockyard in South Korea. Named Cypress Sun, the vessel has been designed to operate using both methanol and traditional heavy fuel. Canada-based Waterfront Shipping Company (WFS) will charter the vessel from MOL under a long-term charter contract. Cypress Sun

MOL to supply LNG to Japex and Hokkaido

MITSUI O.S.K. Lines Ltd. (MOL) signed an agreement with Japan Petroleum Exploration Co. Ltd. (Japex) and Hokkaido Gas Co. Ltd. (Hokkaido Gas) for the supply of liquified natural gas (LNG) fuel to two of its newly built LNG-fueled ferries. The ferries are operated by the MOL Group company, MOL Ferry. Each is berthed at the