MOL, Partners to Study LNG-Fueled Bulker
Japenese shipping major Mitsui O.S.K. Lines (MOL) has entered into an agreement with five parties to launch a joint study of a liquefied natural gas (LNG) fueled Capesize bulker.
MOL has announced that it has reached an agreement to launch a joint study of a LNG-fueled Capesize bulker with five other companies- BHP Billiton, DNV GL, Rio Tinto, Shanghai Merchant Ship Design and Research Institute (SDARI) and Woodside Energy.
The parties signed a letter of agreement at a ceremony held in Singapore on January 20.
The joint research project, called "Green Corridor," aims to reduce merchant vessels' emissions of NOX and SOX in advance of international treaties calling for stricter emissions standards, and will examine the technological and economic feasibility of an LNG-fueled bulker.
The MOL Group continually takes a proactive approach to developing and adopting technologies that contribute to reducing environmental impact and enhancing safe operation, while providing safe and reliable transport services.
