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MOL, ONGC Sign 15-year Charter Deal for Samsung-Built VLECs
Mitsui O.S.K. Lines (MOL) has signed a long-term charter agreement with Indiaâs state-owned Oil and Natural Gas Corporation (ONGC) for two newbuilding very large ethane carriers (VLECs) to be constructed by Samsung Heavy Industries.MOL established two joint ventures with ONGC, with the joint ventures and ONGC signing a 15-year charter contract for the vessels.The two vessels, each with a cargo capacity of 100âŠ
MOL PLUS to Invest in Pyxis to Advance Electric Vessel Deployment
MOL PLUS has decided to invest in Pyxis Maritime, a Singapore-based developer of electric vessels and operator of electric boat charging stations, as part of efforts to promote the commercialization of electric vessels and related infrastructure.The investment comes as Singapore advances toward its national net-zero target for 2050. From 2030, all new harbor craft operating in the Port of Singapore will be required to be fully electricâŠ
MOL Gets ClassNK Approval for Jointing and Burial Vessels Design
Mitsui O.S.K. Lines (MOL) has secured an approval in principle (AiP) from ClassNK for the basic design of specialized vessels to joint and bury subsea power cables.MOL is working with Sumitomo Electric Industries, Furukawa Electric and Nippon Yusen Kabushiki Kaisha (NYK Line) to develop fundamental technologies-including a new type of cable-laying vessel-as part of a project subsidized by the JapaneseâŠ
MOL, NYK Agree Ammonia Carrier Charters with JERA
Japanese power generator JERA has signed separate heads of agreements with Mitsui O.S.K. Lines (MOL) and NYK Group for the charter of ammonia carriers, as it moves toward establishing Japanâs first large-scale low-carbon ammonia transport chain.Under the agreements, MOL and NYK affiliates will charter vessels designed to transport low-carbon ammonia produced at JERAâs Blue Point Complex in Louisiana to JERAâs Hekinan Thermal Power Station in central Japan.
Mitsui O.S.K. Lines, Isometric Partner on Carbon Removal
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 MOLâs net zero strategy. The partnershipâwhich includes Isometricâs selection as the registry for MOLâs milestone 10,000-ton Enhanced Weathering offtake with Alt Carbonâwill provide MOL with access to high-quality carbon removal credits certified under the Isometric Standard.Isometricâs protocolsâŠ
MoU Signed to Establish Standard Design Framework Utilizing MILES for Liquefied CO2 Carriers, Alternative Fuel Ships
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries group, Imabari Shipbuilding Co., Ltd., "K" LINE, MOL, NYK Line, JMU, and NSY have concluded a Memorandum of Understanding (MoU) to establish a standard design framework to efficiently develop and carry out the initial design of liquefied CO2 (LCO2) carriers and next generation alternative fuel ships utilizing decarbonization technologies (such as ammonia fuel). MILES Co., Ltd.
Panama Canal Begins Industry Engagement for the Development of Port Terminals
The Panama Canal launched a consultation process with representatives of the maritime industry to identify potential partners interested in developing port terminals on both the Atlantic and Pacific sides of the waterway.Following a process similar to that followed for the introduction of the gas pipeline project, the Panama Canal convened a group of representatives from companies with proven experienceâŠ
Japanâs Methane Slip Project Achieves 98% Reduction in LNG Vessel Trials
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 âDevelopment of Next-Generation Vesselsâ led by Japanâs New Energy and Industrial Technology Development Organization (NEDO).The project, which runs from fiscal 2021 through 2026âŠ
MOL Finds Local Partners to Advance Ammonia Bunkering Ops in Australia
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 ammoniaâŠ
AKOFS Offshore Inks $246M Vessel Deal with Petrobras
Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras, for its subsea equipment support vessel AKOFS Santos, which will continue to operate offshore Brazil.Following a competitive tender process, the vessel will continue to perform services as a multi-purpose supply vessel (MPSV) for Petrobras in Brazil under a new contract.The contract has a duration of four yearsâŠ
Sofar Ocean Launches Wayfinder Voyage Simulator for Fleet Planning
Sofar Ocean has launched Wayfinder Voyage Simulator, a voyage planning tool that lets operators, commercial teams and chartering desks generate and compare unlimited voyage scenarios in seconds, aiming to improve fleet efficiency and profitability.Part of Sofarâs Wayfinder platform, the simulator incorporates the companyâs marine weather forecasts, informed by what Sofar says is the largest private real-time ocean sensor network and âoutperform traditional models by up to 50%ââŠ
MOL's Capesize Bulker Starts First Biofuel-Powered Voyage for Anglo American
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 âBlue Action Net-Zero Allianceâ carbon inset program frameworkâŠ
Hanwha Ocean Enlists ABB for Singaporeâs First Floating LNG Terminal
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 Singaporeâs first floating liquefied natural gas (LNG) terminal.ABB âs integrated electrical system on board the Floating Storage and Regasification Unit (FSRU) will comprise a medium voltage generator, 6.6kV switchboards for cargo and regasificationâŠ
Lloydâs Register Awards AiP for SHI's LNG Carrier with Wind Challenger Tech
Lloydâs 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 shipsâŠ
Lloydâs Register Approves HD Hyundai Heavy Industriesâ LNG Carrier Design
Lloydâs 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,âŠ
Lloyd's Register Grants AiP for Floating Ammonia Cracker Unit
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 technologyâŠ
MOL Looks to India for Shipbuilding Tie-Up
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 manufacturingâŠ
ABS Approves MODECâs Offshore LCO2 Storage and Injection Unit
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 designâŠ
Lloydâs Register Clears MOLâs Design for Wind Challenger-Equipped LNG Carriers
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).EachâŠ
Fairfield-Maxwell Returns to Japanese Shipping Industry
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 â to be named Fairfield Maritime Japan Ltd.
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
MOL Invests in Fleet of the Future
Japan Seminar and Reception at the SMM Show
