MOL Signs 1^st Annual LNG Bunkering Deal for Car Carriers on U.S. West Coast
- Expanding Stable LNG Fuel Supply Volumes and Areas -

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Jotaro Tamura) today announced that MOL and Seaspan Energy Ltd. (President: Harly Penner; Headquarters: Vancouver, Canada; ^{Note 1)} have signed the first annual contract for LNG bunkering for car carriers at the Port of Vancouver, Canada. On April 29, MOL completed the first LNG bunkering under this contract.

Since completing the first LNG bunkering on the West Coast of North America on Saturday, March 1, 2025-the first by a Japanese shipping company ^{(Note 2)}-MOL has conducted several additional LNG bunkering operations in the region. North America is one of the key trade lanes for car carriers, and with the recent delivery of new LNG fueled vessels, securing a stable LNG fuel supply in the area has become increasingly important. This contract underscores the company's commitment to establishing a stable and seamless regional LNG fuel procurement framework.
MOL will continue to expand the service areas for LNG-fueled vessels and proactively support the growth of a clean supply chain.

The MOL Group positions the adoption of alternative fuels as one of the key strategies for achieving net-zero GHG emissions under the "MOL Group Environmental Vision." As part of this initiative, the group plans to proactively adopt LNG-readily applicable and economically viable in the near term-as the mainstay of its low carbon transition efforts in the short to medium term.

Seaspan Energy President Harly Penner commented, "The relationship between Seaspan Energy and MOL is highly valued. MOL was the first car carrier operator to receive LNG bunkering services in the Port of Vancouver, and we are proud to continue supporting their operations in Vancouver through this annual LNG bunkering agreement. This partnership reflects our shared commitment to advancing lower-emission marine transportation and supporting the industry's transition toward net-zero GHG emissions."

On the MOL side, Marine Fuel GX Division General Manager Daisuke Fujihashi said, "We are very pleased to further strengthen our partnership with Seaspan Energy through this contract for LNG fuel procurement. Looking ahead, we will continue to deepen our collaboration with Seaspan Energy in the field of clean fuels, including bio LNG, and remain committed to offering our customers more pathways toward cleaner supply chains."

(Note 1) Seaspan Energy Overview

Company Name	Seaspan Energy Ltd.
Representative	Harly Penner
Headquarters Location	Vancouver, Canada
Business	Seaspan Energy is a part of Seaspan Marine, a group of Canadian companies that are primarily involved in ship assist, coastal and deep-sea transportation, ferry services and fuel bunkering on the West Coast of North America. With well over a century of successful participation in coastal commerce, Seaspan is a major partner in the Pacific Northwest marine economy.
Website	https://www.seaspan.com/seaspan-energy/

(Note 2) For details, please refer to the following MOL Information:
MOL conducted first LNG Bunkering in Western North America among Japanese Shipping Companies - Expansion of LNG Fuel Supply Bases - | Mitsui O.S.K. Lines

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The MOL Group Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Environment".