Mitsui Osk Lines News

18 Oct 2019

Total’s First LNG Bunker Vessel Launched

Photo: Total

Total said its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.The LNG bunker…

17 Oct 2019

MOL Intros AR Navigation System

Pic: MOL

Japanese transportation major Mitsui O.S.K. Lines (MOL) announced that, along with Furuno Electric, it made a joint presentation of their advanced augmented reality (AR)-based Navigation System.The presentation introduced the background behind the technology and development of the system, as well as MOL’s efforts to "forge ahead to become the world leader in safe operation."The AR Navigation System provides visual support to crew-members during their watch-keeping and ship operations by using AR technology to superimpose real-time video imagery and voyage information.Large tankers…

15 Oct 2019

MOL, Tohoku Trial Hard Sail on a Coal Carrier

Pic: MOL

Mitsui O.S.K. Lines (MOL) and Tohoku Electric Power have announced that they intend to move ahead with a joint study to install the Wind Challenger telescopic hard sail system on a coal carrier.MOL said that the two companies have been studying the feasibility of using the Wind Challenger on ships carrying coal to Tohoku Electric’s thermal power plants and it was recently confirmed that a Wind Challenger-equipped vessel would be 'acceptable' in the port facilities serving the plants.Wind Challenger is a telescoping hard sail to convert wind energy to propulsive force…

15 Oct 2019

MOL Tabletop Drill on Containership Safety

Scenes of Emergency Control Headquarters during the drill. Photos: MOL

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that it conducted a tabletop drill based on an incident simulation involving an MOL-owned containership.MOL holds these drills periodically to confirm its emergency response system in preparation for serious marine incidents, said a press release.The drill was held on Thursday, October 10, with the goal of raising company-wide safety awareness through the simulation of a serious marine incident. The drill was designed…

13 Oct 2019

MOL Trials 360 Birds-Eye-View Tugboat

Bird's-eye view of the Asaka Maru using "FlyingView". Image: MOL

Japanese shipping line Mitsui OSK Lines (MOL) collaborated with Oki Electric Industry (OKI), to launch a joint study on the use of OKI's bird's-eye view monitoring system to monitor a 360° field of view around a tugboat.The system was installed on the tugboat Asaka Maru and a preliminary experiment was conducted, said a press release.As a tugboat approaches a large vessel for assistance, only a small part of the vessel's hull can be seen from tug's bridge, and therefore, the tugboat…

07 Oct 2019

Transborders Signs up MOL on FLNG Solution

Image: Transborders Energy

Perth-based company Transborders Energy has entered a Joint Study Agreement (JSA) to work with Japan's Mitsui OSK Lines (MOL) to together continue the development of its Floating LNG (FLNG) Solution and to pursue its deployment on a range of stranded offshore gas resource opportunities.Transborders’ FLNG Solution provides a pre-determined 1.3 MTPA FLNG development concept with a package of streamlined commercial & regulatory approval framework (including LNG buyers) to gas resource owners.

04 Oct 2019

MOL Gets AIP for Wind Challenger Design

Image: MOL

Japan’s shipping major Mitsui O.S.K. Lines and Oshima Shipbuilding have jointly obtained Approval in Principle (AIP) from Nippon Kaiji Kyokai  (ClassNK) for the design of a hard sail system.The system converts wind energy to propulsive force with telescopic hard sail, and is a fundamental technology of the "Wind Challenger Project"  that MOL and Oshima Shipbuilding are spearheading.Along with other participating organizations, MOL and Oshima Shipbuilding have played a central role in research and development on the Wind Challenger Project…

27 Sep 2019

Japanese Backers for Novatek's LNG Complexes

Image: Novatek

Russia’s largest independent natural gas producer and LNG project operator Novatek has formed ties with Japan's shipper Mitsui O.S.K. Lines (MOL) and Japan Bank for International Cooperation (JBIC) to collaborate on liquefied natural gas (LNG) projects.The three companies will implement projects for construction of a marine LNG transshipment complexes in Kamchatka Territory and Murmansk Region, including possible acquisition of participation interest in projects and potential financing of projects.“We have already started successful cooperation with Japanese companies in large LNG projects…

26 Sep 2019

MOL Names LNG Carrier for Yamal Project

Photo: MOL

Japan’s shipping major Mitsui O.S.K. Lines (MOL) held a naming ceremony for a conventional LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation, was held at Hudong-Zhonghua Shipbuilding.Featuring a capacity of 174,000 m3, the newly built vessel was named LNG Dubhe after a star in the constellation Ursa Major. The vessel is the first of four newbuilding conventional LNG carriers for the Yamal LNG project.The LNG DUBHE is scheduled to go into LNG transportation…

18 Sep 2019

MOL Trials LNG-Fuelled Tugboat at Kobe

LNG fuel bunkering. Pic: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) has taken part in the first bunkering of liquefied natural gas (LNG) into a tugboat at the Port of Kobe, Japan.At the Port of Kobe, the tugboat “Ishin” was bunkered with LNG. It is the first LNG-fuelled tugboat in Japan and it is operated by a MOL group subsidiary, Nihon Tug-Boat.LNG fuel for the trial was hauled by a tanker truck from the Himeji LNG Plant of Osaka Gas, and, via a truck-to-ship system, was used to supply Ishin, berthed at Kobe Port’s Shinko Pier No.4. MOL Marine Co.

13 Sep 2019

MOL Tests FOCUS EYE Project

Sample display image from the vessel recognition/recording system. Photo: MOL

Japanese shipping giant Mitsui O.S.K. Lines announced the joint development, along with SenseTime Japan, of a new vessel image recognition and recording system, and the system’s installation for demonstration testing aboard the cruise ship "Nippon Maru" operated by Mitsui O.S.K. Passenger Line.The system’s graphic recognition engine was developed by incorporating MOL’s knowledge and applying artificial intelligence (AI) deep learning technology, allowing it to recognize surrounding…

12 Sep 2019

LNGC Containment Market to Reach $16Bln By 2025

Image: Teekay LNG Partners

The global liquefied natural gas (LNG) carrier containment market was USD 11.21 billion in 2018 and is expected to reach around USD15.56 billion by 2025, growing at a CAGR of 4.9% between 2019 and 2025.The LNG carrier containment market is majorly driven by the rising demand for natural gas from various industries and LNG’s growing number of residential and commercial applications, said a report by Zion Market Research.Furthermore, LNG has witnessed an exponential increase in its demand as an automobile fuel in recent past…

04 Sep 2019

NYK Celebrates O3 Challenge

Photo: NYK

The “Ocean of Opportunities Challenge”  (O3 Challenge), a worldwide contest aimed at creating new value through open innovation in the maritime industry, has been successfully celebrated by NYK Group.This was the second consecutive year for the challenge, which is planned and conducted by NYK Group companies Symphony Creative Solutions Pte. Ltd. (SCS) and Ocean Network Express Pte. Ltd. (ONE), together with NUS Enterprise.The contest began in February with ONE issuing six challenges related to its work processes.

02 Sep 2019

Turkish Steel Giant in Logistics Pact with MOL

From left: TOSYALI Chairman Fuat Tosyali, Turkish Ambassador to Japan, H.E. Dr. Hasan Murat Mercan, MOL President & CEO, Junichiro Ikeda. Photo: MOL

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has signed a memorandum of agreement with Turkish steel producer Tosyali Holding A.S.A joint press release said that the agreement is to begin the research toward a strategic partnership, and in this respect signed a memorandum of agreement in the presence of Dr. Hasan Murat Mercan, Turkish Ambassador to Japan, at the Turkish Embassy in Tokyo on August 30.The companies will study the possibility of a partnership in the transport of raw materials and steel products in Tosyalı's production networks in Turkey and overseas…

23 Aug 2019

FLNG Market to Touch $17.5Bln by 2026

Photo courtesy: Höegh LNG

The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around $17.5 billion by 2026.Increasing demand for clean fuel techniques and increasing concentrate on sustainable energy blend will boost FLNG market growth, said a report by Acumen Research and Consulting.Rapid depletion of fossil fuel, combined with continuing carbon footprint reductions, will promote favorable company development.According to the International Energy Agency (IEA)…

30 Aug 2019

MOL, Karpowership Announce KARMOL

Pic: MOL

Mitsui OSK Lines (MOL) and Turkish company Karadeniz Holding announced that MOL and Karpower International B.V. have agreed to jointly carry out the first LNG-to-Powership project under the co-brand “KARMOL”According to the Japanese LNG shipping company, KARMOL will deploy an FSRU and a powership – a floating power station – to aid the national grid of Mozambique.This LNG-to-Powership project consists of the collaborative operations of the FSRU to deliver regasified LNG and the Powership to receive regasified LNG in order to produce electricity…

05 Aug 2019

MOL to Develop Zero Emission Alt Fuel

Image: MOL (Original Source: CCR)

Japanese shipping group Mitsui O.S.K. Lines (MOL) announced that it has joined the Carbon Capture & Reuse (CCR) Study Group and launched the "Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels".The CCR Study group was established with the objectives of proposing effective carbon neutral measures to reduce the use of fossil fuels by offering alternative energies such as synthetic methane, which is generated by combining CO2 generated by industries with renewable energy-derived hydrogen…

12 Aug 2019

Mayer Brown Advises on HK FSRU Project

Image: Hong Kong Offshore LNG Terminal

Law firm Mayer Brown advised CLP Power Hong Kong on the Hong Kong offshore LNG terminal project, which involves the use of floating storage and regasification unit (FSRU) technology for the first time in Hong Kong. The FSRU will receive, store, and regasify LNG into two separate subsea gas pipelines to supply natural gas to Castle Peak Power Company Limited and Hongkong Electric Co., Ltd., generating power for Hong Kong residents.Mayer Brown advised CLP Power Hong Kong Limited…

02 Sep 2019

Marine Diesel Engine Market to Grow 3.9%

Image: MAN Energy Solutions

The global marine diesel engine market is estimated to grow at CAGR above 3.9% over the forecast time frame and reach the market value around US$ 8.1 billion by 2026.The worldwide market for marine diesel engines has expanded mainly as shipping industry needs to decrease carbon emissions, said Acumen Research and Consulting.The shipping industry focuses on developing higher-efficient diesel engines that use less diesel while offering more ship propulsion. However, the latest shipping and shipbuilding downturn has impaired the market.Shipbuilding orders decreased with lower shipping prices.

01 Aug 2019

Ecochlor Expands into Japan

Asao Shirai (Photo: Ecochlor)

Focused in providing a local solution for shipowners with their ballast water management system (BWMS) regulatory challenges, Ecochlor has  announced Asao Shirai will be leading the new office in Japan as Regional Business Development Manager. Mr. Shirai has a 35-year proven record of facilitating long-term business relationships with the most prestigious shipowners in Japan. Through his experience he has accumulated great respect from shipping executives at NYK Line, Mitsui OSK Lines…

06 Aug 2019

Japan to Develop Fully Electric Vessels

Pic: Mitsui O.S.K. Lines

Japanese shipping major Mitsui O.S.K. Lines (MOL) and three other compatriot firms have joined hands to establish a new company that will develop and promote zero-emission fully electric vessels.Asahi Tanker Co, a shipping company to transport petroleum, Japan's largest trading company  Mitsubishi Corp, and the shipping & marine supplier  Exeno Yamamizu Corp have joined MOL to set up e5 Lab Inc that will consolidate the technologies, know-how and network of the four major shareholders.e5 Lab will work to develop and promote the greater use of these relatively clean modes of marine transport…

07 Aug 2019

Mitsui O.S.K., Asahi to Develop Zero-emission Electric Vessels

Photo: Mitsubishi Corporation

Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines Ltd., and Mitsubishi Corporation today announced their agreement to create a strategic partnership to provide new infrastructure services in the marine shipping industry that focus on electrically powered vessels. Their newly established company, e5 Lab. Inc. (e5 Lab) will work to develop and promote the greater use of these relatively clean modes of marine transport.There are a number of challenges facing Japan's shipping industry (see below)…

07 Aug 2019

MOL, COSCO Pact on LNG, Ethane Projects

Photo: Mitsui O.S.K. Lines

Japanese shipping company Mitsui O.S.K. Lines (MOL) and China’s Cosco Shipping Energy Transportation (CSET) have signed a memorandum of understanding to further cooperate in LNG carrier and ethane carrier projects."The MOU recognizes and further develops the joint cooperation between the two organizations, for future LNG carrier projects and Ethane carrier projects," said a press release.Over more than 10 years, MOL and CSET have established a strong and extensive partnership…

Maritime Reporter Magazine Cover Oct 2019 - Marine Design Annual

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