MOL Introduces Energy Efficiency Management Plan (SEEMP) for Tanker Fleet
-Initiative to Cut CO₂ Emissions from Vessels-

January 12, 2011

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company has established a Ship Energy Efficiency Management Plan (SEEMP) and started its use with the MOL tanker fleet. The SEEMP provides the most efficient vessel operation method (optimum route selection, appropriate maintenance, and so on considering slow steaming, ocean currents, and weather) to reduce CO₂ emissions while ensuring safe operation and maintaining a strict operation schedule.

Initially, the SEEMP was initiated by MOL Tankship Management (Europe) Ltd. then provided for all vessels managed by the MOL Tanker Division's in-house companies effective January 1, 2011 to ensure ongoing improvement in energy efficiency by following the plan-do-check-action (PDCA) cycle.

MOL also established the Energy Efficiency Operational Indicator (EEOI) for Tankers which indicates CO₂ grams per mile transport of 1 ton cargo, based on actual vessel operation, as an index to verify the SEEMP's effectiveness. While conducting self monitoring, MOL and vessels will set CO₂ emissions reduction targets to pursue improved energy efficiency in line with the SEEMP plan.

In October 2010, the 61st session of the International Maritime Organization (IMO) Marine Environment Protection Committee agreed in principle on compulsory steps to adopt the SEEMP on vessels. In addition, guidelines on energy efficiency and fuel management were issued at the Oil Companies International Marine Forum (OCIMF) made up of major oil companies, reflecting key customers' requests for improvements in tanker fuel efficiency.

MOL has promoted the Sempaku ISHIN project, the environment-friendly, next-generation vessel concept since 2009, taking a proactive approach to development and introduction of technologies to reduce CO₂ emissions. The company has also taken various other measures to reduce the environmental burden of its operations. The development and introduction of SEEMPs for all ship types, starting with tankers, marks a major step forward in MOL's environmental initiatives. This will achieve safe, high energy efficient vessel operation, with the aim of achieving the target of reducing CO₂ emissions per ton-mile by 10% in 2015 compared to FY2009, set forth in the midterm management plan "GEAR UP! MOL."