Japan’s Mitsui OSK Lines (MOL) has confirmed that it will undertake a business reorganisation of its Switzerland-based equity-method affiliate company, Gearbulk Holding, and acquire a 72 per cent stake in the company, making it a consolidated subsidiary company. The acquisition is scheduled to...
MOL Group
Wind propulsion installation slated for MOL Drybulk vessels
Japanese shipowner Mitsui OSK Lines (MOL) has confirmed that seven vessels to be operated by its group company MOL Drybulk will be fitted with wind propulsion systems. The vessels to be fitted include six bulk carrier newbuildings and one multi-purpose vessel. Following delivery, the MOL Group will...
MOL subsidiary to operate FSRU off Poland’s Gdansk port
Japanese shipping company Mitsui OSK Lines (MOL), through a 100 per cent-owned subsidiary, has entered into a long-term time charter party (TCP) agreement with Polish gas transmission system operator Gaz-System for the operation of a floating storage and regasification unit (FSRU) off the Port of...
MOL subsidiary welcomes new LPG/ammonia carrier to fleet
Aramo Shipping (Singapore), a company under Japan’s the MOL Group, has taken delivery of a new very large gas carrier (VLGC) built by Namura Shipbuilding. Aquamarine Progress II will be capable of transporting both LPG and ammonia. It will sail under a time charter contract with Japanese LPG...
MOL Group unveils largest green hydrogen plant in Central and Eastern Europe
MOL Group has inaugurated the largest green hydrogen plant in Central and Eastern Europe, located in Százhalombatta, Hungary.
With a capacity of 10 megawatts, this US$23 million investment is a significant step towards sustainable fuel production, aiming to reduce carbon dioxide emissions from the Danube Refinery by 25,000 tonnes annually.
This venture marks a milestone in the hydrogen economy, enabling MOL to produce 1,600 tonnes of clean, carbon-neutral green hydrogen yearly.
Aligned with MOL...
Hybrid hydrogen ferry enters service in Japan
MOTENA-Sea, a company under Japan’s the MOL Group, has placed a new hybrid ferry into operational service in the waters off the city of Kitakyushu. The 33-metre-long Hanaria was developed as a hybrid vessel that uses hydrogen and biodiesel as fuels. The hydrogen fuel cells consist of two 240kW...
2 MOL-Operated Vessels Earn 2021 ‘Best Quality Ship Awards’
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that the Japan Federation of Pilots’ Association (JFPA) had presented its Best Quality Ship Award for fiscal year (FY) 2021 to two MOL-operated vessels—the LNG carrier LNG SATURN and the bulk carrier TAIYO.
LOA: 288.00m
Breadth: 48.94m
Gross tonnage: 136,739 tons, Credits: MOL
LOA: 234.88m
Breadth: 38.00m
Gross tonnage: 50,927 tons, Credits: MOL
The award was founded in 2003...
INPEX, IHI, MOL Demonstrate Clean Ammonia Supply Chain Linking Uae And Japan
INPEX CORPORATION (INPEX), IHI Corporation (IHI) and Mitsui O.S.K. Lines, Ltd. (MOL) announced they have executed the demonstration of a clean ammonia supply chain linking the United Arab Emirates (UAE) and Japan.
The clean ammonia used for the demonstration was supplied by Abu Dhabi National Oil Company (ADNOC). It was produced by Fertiglobe, a joint venture between ADNOC and OCI.N.V. that is a key supplier of ammonia, using natural gas produced in Abu Dhabi. Most of the CO2 emitted from the...
MOL Cooperates In Ocean Transport Of Children’s Shoes To Zambia
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL and Ocean Network Express (Japan) Ltd. (ONE Japan; President: Takuji Nakai; Headquarters: Minato-ku, Tokyo) have cooperated with Sogo & Seibu Co., Ltd. (President and Representative Director: Takuji Hayashi; Headquarters: Toshima-ku, Tokyo) and the Japanese Organization for International Cooperation in Family Planning (JOICFP) in a project to distribute shoes to needy children in Zambia to...
Mitsui O.S.K. Line Starts Joint Development On Net Zero Emission Ammonia-fueled Ocean-Going Liquefied Gas Carrier
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minatoku, Tokyo), Tsuneishi Shipbuilding Co., Ltd. (President: Sachio Okumura; Headquarters:
Fukuyama-shi, Hiroshima) and Mitsui E&S Shipbuilding Co., Ltd. (President: Isamu Funatsu; Headquarters: Chuo-ku, Tokyo) today announced the launch of a joint project aimed at developing and building an ocean-going liquefied gas carrier that will use ammonia as its main fuel.
The vessel is envisioned as a mid-size ammonia/LPG...