MOL signs charter contract with GAIL for LNG carrier

Japan’s Mitsui OSK Lines (MOL) and state-run GAIL (India) Ltd have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier. The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (042660.KS) with a charter period from 2023,

JERA signs an agreement with MOL and NYK

JERA, a joint venture between utilities TEPCO and Chubu Electric Power Company, has signed memorandums of understanding today with the nation’s two largest shipping lines, Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK), to cooperate in transporting ammonia for the Hekinan Thermal Power Plant, which is expected to begin commercial operation in the late

Chevron, MOL to jointly study CO2 shipping

Chevron Corporation and Mitsui OSK Lines (MOL) have signed a joint study agreement on the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia. Chevron and MOL will explore the technical and commercial feasibility of initially transporting up to 2.5m tonnes per annum of liquified CO2 by 2030. The

MOL books three more LNG newbuilds

Japan’s Mitsui OSK Lines (MOL) has signed another long-term charter contract with QatarEnergy for three newbuild liquefied natural gas (LNG) carriers. The vessels will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and are scheduled for delivery in 2027. MOL signed a long-term charter contract with QatarEnergy in April 2022 for four newbuilds, and the latest deal

MOL signs another contract to charter LNG newbuild

Japanese shipping giant Mitsui OSK Lines (MOL) has inked a new multi-year contract to charter an LNG carrier newbuild to an unnamed energy major. The 174,000 cu m vessel, booked for construction at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea is expected to deliver in 2026. The ship will feature the latest ME-GA

MOL signs LNG charter deal with new Russian operator

Mitsui OSK Lines (MOL) has signed a charter contract with the new Russian operator of the Sakahlin-2 liquefied natural gas (LNG) project for the LNG carrier Grand Mereya. The Japanese shipowner said it had struck a new long-term deal with recently launched Sakhalin Energy for the 147,200 cu m vessel in which it holds a

MOL enters into charter contract with ENN for three LNG carriers

Japan’s Mitsui OSK Lines (MOL) has penned a long-term charter contract for three newbuilding liquefied natural gas (LNG) carriers with Singapore-based ENN LNG, a subsidiary of China’s ENN Natural Gas. The ships will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and delivered by 2028 for LNG trades in China, where ENN supplies 10% of natural gas

MOL adds more LNG-powered ships

Japan’s Mitsui OSK Lines (MOL) is growing its LNG-fuelled fleet, announcing today orders for gas-powered newcastlemaxes to be built at CSSC Qingdao Beihai Shipbuilding and two VLCCs to be constructed by Dalian COSCO KHI Ship Engineering. This marks the first time a Japanese company has ordered LNG-fuelled VLCCs. The MOL news is also the first

MOL receives AiP from ClassNK for larger CO2 carrier design

Mitsui OSK Lines (MOL) has just received an approval in principle from ClassNK for its large CO2 carrier design, capable of transporting 1m tons of CO2 every year. Until now, the movement of carbon dioxide cargoes at sea has been a very niche trade, but a host of developments in the last two years suggest

MOL initiates study with NIES on marine fuel

Mitsui OSK Lines (MOL) has announced the launch of a joint study on bunker fuel with Japan’s National Institute for Environmental Studies (NIES). Under a three-year project, MOL and NIES will carry out fuel quality analysis and research for the safe operation of machinery on vessels. MOL plans to link the study with big data