Mitsui Osk Lines News

Mitsui O.S.K. Lines (MOL) and Isometric have entered into a strategic partnership under which Isometric will issue scientifically rigorous, transparent carbon dioxide removal (CDR) credits to support MOL’s net zero strategy. The partnership—which includes Isometric’s selection as the registry for MOL’s milestone 10,000-ton Enhanced Weathering offtake with Alt Carbon—will provide MOL with access to high-quality carbon removal credits certified under the Isometric Standard.Isometric’s protocols…

France's CMA CGM on Tuesday announced a first-ever order for Indian-built vessels, saying the country's focus on shipping infrastructure created an opportunity to diversify the group's shipbuilding supply.CMA CGM, the world's third-largest container shipping firm, said in a statement it had signed a letter of intent for six vessels powered by liquefied natural gas to be built by Cochin Shipyard Limited.The order, in which South Korean shipbuilder HD Hyundai Heavy Industries will have a technical role…

Mitsui O.S.K. Lines (MOL), Kanadevia Corporation, and Yanmar Power Solutions have achieved a 98% methane slip reduction rate in onboard trials of LNG-fueled vessels, exceeding their initial target of 70%.The trials are part of the Green Innovation Fund Project ‘Development of Next-Generation Vessels’ led by Japan’s New Energy and Industrial Technology Development Organization (NEDO).The project, which runs from fiscal 2021 through 2026, aims to combine methane oxidation catalysts…

Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with Australian companies NH3 Clean Energy (NH3) and Oceania Marine Energy to advance development of clean ammonia bunkering operations in the Pilbara region of Western Australia.The MoU aims to establish collaboration with NH3 and Oceania on the Pilbara Clean Fuels Bunkering Hub initiative, which is Australia's first ammonia bunkering concept announced by the Pilbara Ports Authority in June 2025.MOL will…

Mitsui O.S.K. Lines (MOL) has completed the biofuel bunkering operation for its capesize bulk carrier Lambert Maru in Singapore, with the vessel now underway on its first biofuel-powered voyage carrying cargo for Anglo American.The 292-meter-long Lambert Maru, which has a deadweight tonnage of 180,432 MT, loaded the biofuel on September 14.MOL said the voyage forms part of its ‘Blue Action Net-Zero Alliance’ carbon inset program framework, which aims to achieve net-zero emissions in maritime transportation.

Hanwha Ocean, one of the leading shipbuilders in South Korea, has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal.ABB ’s integrated electrical system on board the Floating Storage and Regasification Unit (FSRU) will comprise a medium voltage generator, 6.6kV switchboards for cargo and regasification, and the motor, transformer and drive for propulsion.The floating terminal will also feature ABB’s remote control and remote diagnostics system…

Lloyd’s Register (LR) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for the design of a 174,000m³ LNG carrier equipped with Wind Challenger, a wind-assisted propulsion system (WAPS) developed by Mitsui O.S.K. Lines, Ltd. (MOL). The AiP was formally awarded during a ceremony at Gastech 2025. While LNG carriers already operate with comparatively lower carbon emissions than conventional oil-fueled ships, the integration of the Wind Challenger demonstrates the potential to further reduce greenhouse gas (GHG) emissions by harnessing renewable wind energy.

Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) for its next-generation LNG carrier design featuring a forward accommodation layout and integrated Wind Challenger, wind-assisted propulsion system (WAPS) developed by Mitsui O.S.K. Lines, Ltd. (MOL). Developed in collaboration with MOL and the Republic of the Marshall Islands Maritime Administrator, the new design relocates the accommodation and bridge block from its conventional aft position to the bow.

Mitsui O.S.K. Lines (MOL), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), and HD Hyundai Heavy Industries (HHI) have secured an Approval in Principle (AiP) from Lloyd's Register for Floating Ammonia Cracker Unit (FACU), jointly developed by the group for onshore hydrogen supply.FACU is a solution that enables direct hydrogen supply from offshore to onshore by equipping vessels with technology that thermally decomposes ammonia into hydrogen and nitrogen.It is expected to accelerate the use of hydrogen energy as part of global decarbonization effort.MOL…

Japan's second-largest shipping company Mitsui O.S.K. Lines wants to tie up with Indian companies to build tankers in India, aiding the South Asian nation's effort to boost local manufacturing, its chief executive, Takeshi Hashimoto said.New Delhi is modernizing its maritime laws to allow foreign participation in the sector, including ship-building, ports and shipyards, to reduce freight outgoings to foreign firms by at least a third by 2047."The Indian government has a strong preference to see the new vessels constructed in India.

ABS has granted approval in principle to a liquefied carbon dioxide (LCO2) floating storage and injection unit (FSIU) designed by MODEC in collaboration with Mitsui OSK Lines (MOL).Tailored to the growing demands of the global carbon capture, utilization and storage (CCUS) value chain, the design eliminates the need for onshore facilities, bringing LCO2 storage and injection offshore.With a design capable of injecting up to 10 million tonnes of CO2 annually and featuring a minimum total tank storage capacity of 100…

Mitsui O.S.K. Lines (MOL) has secured approval in principle (AiP) from a Lloyd's Register (LR) for two new different designs of a membrane-type LNG carrier equipped with four units of Wind Challenger, a hard sail wind assisted propulsion system.The AiP covers a new vessel design, for a 174,000 m3 LNG carrier, jointly developed by HD Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI).Each design will be equipped with four Wind Challenger units.Detailed design work for actual construction is currently underway.

A new report from the All Aboard Alliance found that its 26 members have remained firm in their commitment to diversity, equity, and inclusion (DEI) despite political pushback against such initiatives from some factions.The All Aboard Alliance Insights 2025 uses a maturity analysis framework to indicate how member companies are performing against the Alliance’s five guiding principles: accountability, learning and development, organizational culture, data, and communications.Now in its third iteration…

Fairfield-Maxwell Ltd. (FML) is returning to the shipping industry in Japan and opening a new office in Tokyo aimed at participating in ship construction, ownership, investment and leasing.The new company will focus on being the tonnage provider of choice and offering a diverse range of vessel types, including chemical tankers, medium range (MR) tankers, gas carriers and newbuilds.The new company – to be named Fairfield Maritime Japan Ltd. – will be a part of a newly formed Fairfield Maritime Group.

A cargo transfer vessel owned by Mitsui O.S.K. Lines (MOL) will be shared by TotalEnergies EP Brasil, which employs the vessel in its operation since 2020, with Shell Brasil Petróleo for crude oil cargos produced in Brazil.The vessel SeaLoader 1, owned by MOL’s subsidiary SeaLoading Holding, is employed by TotalEnergies for transferring crude oil produced by floating production, storage and offloading (FPSO) units located in the Santos Basin off the coast of Brazil to tankers.The…

MOL Cruises has named its new cruise ship, scheduled to enter service in late 2026, the Mitsui Ocean Sakura.The vessel will enter service as a Japanese-flagged ship in late 2026, offering a wide range of itineraries centered on short- to medium-term cruises departing from and arriving at various ports in Japan.With a gross tonnage of approximately 32,000 tons and a length of less than 200 meters, the new cruise ship can call at ports in various regions, from remote islands in…

Mitsui O.S.K. Lines, Ltd. (MOL) has reached an agreement with ITOCHU Corporation to conduct ammonia bunkering demonstrations in Singapore.MOL and ITOCHU will demonstrate ship-to-ship ammonia bunkering using their owned ammonia bunkering vessel and ammonia dual-fuel Capesize bulkers.Through the demonstrations, which are planned to be carried out in the second half of 2027, MOL and ITOCHU aim to promote the early implementation of ammonia bunkering vessels and ammonia-fueled vessels.MOL will jointly own three ammonia dual-fuel Capesize bulkers with Belgium-based CMB.TECH NV…

Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers) as well as Japanese export credit agencies Japan Bank for International Cooperation…

This week, Van Oord’s trailing suction hopper dredger Vox Ariane completed its first bunkering of bio-LNG.The move follows the July news that NYK has started the continuous use of bio-LNG fuel on its LNG-powered car carriers.There’s been more firsts this year. In February 2025, Furetank conducted its first bio-LNG bunkering. In March, Titan and Mitsui OSK Lines (MOL) completed the first bio-LNG bunkering operation of a multi-year contract. In April, the Avenir Ascension began operating on 100% bio-LNG…

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for the newbuilding very large crude carrier (VLCC) Energia Viking for Equinor, at the Dalian COSCO KHI Ship Engineering shipyard in China.The Energia Viking is the first LNG dual-fuel VLCC delivered by the MOL Group and sailing under a charter contract with Equinor.The vessel is equipped with an LNG fuel tank with a capacity exceeding 10,000m3, enabling long-distance transportation and allowing for flexible transport plans.In addition…

Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL).The acquisition includes The Port of Nigg, a multi-sector energy port and green freeport, Global Energy (Fabrication), a multi-site fabrication and manufacturing business, and Global Energy Services, which provide scaffold and access teams.Post acquisition…

The European Union has lifted sanctions against three tankers managed by Japan's Mitsui O.S.K.

Mitsui O.S.K. Lines is moving toward commercializing an offshore rocket launch and recovery vessel through a partnership agreement with Innovative Space Carrier (ISC) and Tsuneishi Solutions TokyoBay Co. (formerly company name: Mitsui E&S Shipbuilding Co., Ltd).This project originated from the MOL Group's new business proposal program, the 'MOL Incubation Bridge', designed to encourage employees to foster ideas for new businesses. The company has initiated a full-scale exploration…