MOL Promotes Green Award Program

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that its group company MOL Techno-Trade held a ceremony to mark its participation in the "Green Award Program", aimed at promoting "Quality Shipping" on a global scale.

The program is run by the nonprofit Green Award Foundation (Head Office: Rotterdam, the Netherlands), which was established with the objectives of protecting the marine environment and enhancing the safety of vessel operation.

At the ceremony, President of MOL Techno Hatta received a plaque from Green Award Foundation Executive Director Jan Fransen.

Quality Shipping refers to action programs that enhance ship management and operation from both aspects of safety (prevention of marine incidents) and the environment (protection of the marine environment).

Green Award Program aims to improve the quality of vessels and mariners and protect the marine environment by certifying vessels for excellence in safety and low environmental impact. Companies that share the foundation's goals support them by providing incentives.

MOL Techno encourages efforts to reduce environmental impact by offering its energy-saving Propeller Boss Cap Fins (PBCFs) at a 3% discount of contract prices to Green Award certified vessels and shipping companies.

PBCFs are an energy-saving device that reduces a vessel's fuel consumption by 3% to 5% by eliminating the hub vortex generated behind the rotating propeller and improving propeller efficiency.

Effective April 1, preferential points are added to owners of vessels equipped with PBCF in the screening item, "measures for underwater noise and vibration," which targets shipping companies.

The MOL Group works continually to reduce the environmental impact of its activities by addressing the needs of customers and society through product development and technological innovation.