MOL to build green hydrogen plant

Hungarian oil and gas company MOL announced plans to build a EUR 22 million ($23.14 million) green hydrogen plant at its refinery in Százhalombatta, south of the capital. The hydrogen plant, fuelled with electricity produced from renewable resources, will turn out 1,600 tonnes of hydrogen a year, making it one of Europe’s biggest green hydrogen

MOL books two more LNG newbuilds at DSME

Japan’s Mitsui OSK Lines (MOL) has signed up for two newbuild 174,000 cu m liquefied natural gas (LNG) carriers at South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME). The dual-fuel ships come with a price tag of around $213m each and are set for delivery in the second and third quarter of 2026. Multiple shipbrokers

MOL signs an MoU with Trafigura for biodiesel fuel supply system

Mitsui O.S.K. Lines, Ltd., its wholly-owned company MOL Chemical Tankers Pte. Ltd., leading commodity trading company Trafigura Pte Ltd., and its vessel fuel supply joint-venture company TFG Marine Pte Ltd, have signed a Memorandum of Understanding (MOU). The MOU is for a joint study on the full-scale supply of biodiesel fuel (BDF) for MOLCT-operated vessels

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

ABS grants AIP for MOL’s ammonia bunkering vessel

Japanese shipping company Mitsui O.S.K. Lines, Ltd. announced that the company, along with ITOCHU Corporation has obtained approval in principle (AIP) from the American Bureau of Shipping (ABS) for an ammonia bunkering vessel concept. The project is part of a joint development study on ammonia fuel supply chain in Singapore. MOL, which already has experience

MOL to trial a hydrogen-fuelled engine

In what it claims will be a world-first for the shipping industry, Japan’s Mitsui OSK Lines (MOL) will trial a hydrogen-fuelled engine on an in-service bulk carrier. MOL is working with Japan Engine Corporation (J-ENG), part of the Mitsubishi Heavy Industries conglomerate, to get a low-speed, two-stroke hydrogen-fuelled marine engine on one its geared bulk

MOL announces delivery of methanol dual-fuelled carrier “Capilano Sun”

Shipping company Mitsui O.S.K. Lines on 5 November announced the delivery of methanol carrier Capilano Sun at Hyundai Mipo Dockyard. The methanol carrier Capilano Sun can run either heavy oil or low-environmental impact methanol fuel. Hisafuku Kisen K.K. and Waterfront Shipping Company Limited will charter the vessel from MOL under a long-term contract. MOL is

Two New Vessels Illustrate Progress with Methanol-Fuelled Ships

The shipping industry is increasingly looking to methanol-fuelled vessels as the next step in the transition away from traditional heavy fuel oil. While supplies of methanol do not currently support a large-scale conversion, interest grew when shipping major Maersk announced that t was accelerating its efforts to launch methanol-fueled vessels. While Maersk’s vessels remain years