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MOL ORDERS FOUR LNG-FUELLED PCTC VESSELS

MOL ORDERS FOUR LNG-FUELLED PCTC VESSELS

Tuesday, August 3, 2021 

Mitsui OSK Lines (MOL) has reached an agreement with Shin Kurushima Dockyard and Nihon Shipyard to build four 7,000-unit capacity car carriers using environment-friendly liquefied natural gas (LNG) as their main fuel.

MOL says that, compared to conventional marine fuel oil, LNG is expected to reduce emissions of CO2 by about 25-30%, SOx by 100%, and NOx by about 85%. The vessels are scheduled for delivery in succession starting in 2024.

The move is part of the MOL Group Environmental Vision 2.1, which aims to achieve net zero GHG emissions by 2050. The company plans to have about 90 LNG-fueled vessels launched by 2030. In addition to the LNG-fueled vessel projects that the MOL Group is working on, MOL will promote the use of LNG fuel for car carriers, starting with this order.

The Tokyo-based group says it is accelerating preparations for the launch of environment-friendly vessels using not only LNG fuel but also biofuels, which are reaching the practical application stage, while continuing to research the use of ammonia and other next-generation fuels. The goal is to become the company of choice for various stakeholders, including its latest value proposition — zero-emission transport of cars.

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