August 06, 2019
Asahi Tanker Co., Ltd.
Exeno Yamamizu Corporation
Mitsui O.S.K. Lines, Ltd.
TOKYO- 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), which e5 Lab will seek to address by consolidating the technologies, know-how and networks of its four major shareholders. The new company will develop a platform to provide a lineup of services that takes advantage of electrically powered vessels and other cutting-edge technologies. The aim is to leverage this platform to encourage sustainable growth and development within the marine shipping industry.
[ 7 Challenges To Be Addressed by e5 Lab ]
The first objective for e5 Lab will be to build the world's first zero-emission tanker by mid 2021. The tanker will be a coastal vessel powered by large-capacity batteries and will operate in Tokyo Bay. The company will also develop other kinds of electrically powered vessels to address the abovementioned challenges.
Furthermore, e5 Lab will actively promote the electrification of both coastal and ocean-going vessels, and pool the technologies, human resources and operational know-how needed to achieve the 50% GHG reduction target of the International Maritime Organization (IMO) as soon as possible (the IMO wants to see annual emissions drop to half of their 2008 levels by the year 2050).
By delivering five kinds of e-value ("Electrification," "Environment," "Evolution," "Efficiency," and "Economics") e5 Lab will offer new innovation to society.
[ Profile of e5 Lab. Inc. ]
|Representative||President Tomoaki Ichida|
|Paid-in capital||¥50 million (including capital reserve)|
|Shareholders||Asahi Tanker Co., Ltd. : 30%
Exeno Yamamizu Corporation: 30%
Mitsui O.S.K. Lines, Ltd.: 20%
Mitsubishi Corporation: 20%
|Address||1-1-3 Otemachi, Chiyoda-ku, Tokyo|
|Commencement of business||August 2019|
|Supporting companies, incorporated foundations, etc.||Japan Railway Construction, Transport and Technology Agency (JRTT) (technical support)
Nippon Kaiji Kyokai (ClassNK) (Classification)
Shipbuilding Research Centre of Japan (basic design)
ClassNK Consulting Service Co., Ltd. (risk assessment)
Kawasaki Heavy Industries, Co., Ltd. (power plant/ system integration)
Tokyo Electric Power Company
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Other energy companies, etc.
[ Reference ]
Profile of Asahi Tanker Co., Ltd.
|Address of headquarters||1-2-2 Uchisaiwai-cho, Chiyoda-ku, Tokyo|
|Businesses||An ocean shipping company that operates around 150 tankers designed for cargoes of petroleum, chemical, LPG, and other products. Asahi Tanker offers both coastal and ocean shipping services, the former of which serve major petroleum companies and trading houses. The company's ocean-going crude oil tankers, chemical tankers and product tankers are operated worldwide.|
|Representative||President Kazunori Nakai|
Profile of Exeno Yamamizu Corporation
|Address of headquarters||1-1-3 Otemachi, Chiyoda-ku, Tokyo|
|Businesses||Broking service for ocean freight, ships chartering, S&P and marine equipment. It focuses on consulting services for creating new ocean logistics and new ship building.|
|Representative||President Hisaaki Masuda|
Profile of Mitsui O.S.K. Lines, Ltd.
|Address of headquarters||2-1-1 Toranomon, Minato-ku, Tokyo|
|Businesses||A multi-modal transport group that meets the needs of the modern era in a wide variety of fields, such as various types of dry bulkers for iron ore, coal, and wood chips, tankers that carry crude oil, LNG carriers that transport liquefied natural gas (LNG), car carriers, and containerships that carry various products.|
|Representative||President & CEO: Junichiro Ikeda|
Profile of Mitsubishi Corporation
|Address of headquarters||2-3-1 Marunouchi, Chiyoda-ku, Tokyo|
|Businesses||A global integrated business enterprises with operations covering a wide range of industries and organized into 10 Business Groups (Natural Gas Group, Industrial Materials Group, Mineral Resources Group, Oil & Chemical Industrial Infrastructure Group, Automotive & Mobility Group, Food Industry Group, Consumer Industry Group, Power Solution Group, and Urban Development Group).|
|Representative||President and CEO Takehiko Kakiuchi|
For further information on the new company, please contact:
|Asahi Tanker Co., Ltd.||EV Ship Project Team, Corporate Planning Division
|Exeno Yamamizu Corporation||e5 Project Office
|Mitsui O.S.K. Lines, Ltd.||Media Relations Team, Corporate Communication Division
|Mitsubishi Corporation||Media Team, Public Relations Division