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MOL TO DEPLOY LNG-FUELLED BULKER ON ORE AND COAL TRANSPORT

MOL TO DEPLOY LNG-FUELLED BULKER ON ORE AND COAL TRANSPORT

Wednesday, July 21, 2021 

Mitsui OSK Lines (MOL) has signed a long-term contract with JFE Steel Corporation for long-term transport using an LNG-fuelled bulk carrier, which is to be constructed by Nihon Shipyard, for delivery at the beginning of 2025.

Under MOL's operation, the 210,000 dwt vessel will be used to transport imported iron ore and coal to supply JEF Steel mills in Japan.

Compared to conventional marine fuel oil, LNG is expected to reduce emissions of CO2 by about 25-30%, SOx by about 100%, and NOx by about 85%.

MOL positions its environmental strategy as a top priority in the management plan, and has set the Adoption of Clean Alternative Fuels as one of five initiatives to realise its vision. MOL plans to increase the number of LNG-fuelled vessels in its fleet to about 90 by 2030. It aims to further reduce GHG emissions by adopting more clean fuels, building upon LNG-fuelled vessel projects already underway with this new vessel.

MOL says it takes a proactive approach in its ongoing efforts to offer safe, reliable ocean transport services while working steadily to reduce the environmental impact of its business activities.

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