Mitsui O.S.K. Lines
  • About MOL

    About MOL

    About MOL Top

    • Corporate Profile
    • Corporate Mission
    • Directors, Auditors and Executive Officers
    • Organization
    • History
    • Location
    • MOL Group
    • Corporate Brochure/Video

  • MOL Services

    MOL Services

    MOL Services Top

    • Dry Bulk Transport Dry Bulkers
    • Energy Transport Tankers
    • Energy Transport Wind Power Energy Business
    • Energy Transport LNG Carriers
    • Energy Transport Offshore Business
    • Product Transport Car Carriers
    • Product Transport Ferries and Coastal RoRo Vessels
    • Product Transport Containerships
    • Product Transport Terminal
    • Product Transport Logistics
    • Associated Businesses Cruise Ship
    • Associated Businesses Tugboat

  • Sustainability

    Sustainability

    Sustainability Top

    • Sustainability Management
      • Sustainability Issues (Materiality)
      • ESG Finance
    • Safety & Value
      Provide added value through safe transportation and the social infrastructure business
      • Fundamental Policy of Safe Operation
      • Organization to support Safe Operation
      • Cultivating a Safety Culture
      • Initiatives and Activities to support Safety
      • Facilities, Equipment and ICT that Support Safe Operation
    • Environment
      Conservation for Marine and global environment
      • MOL Group Environmental Policy Statement
      • MOL Group Environmental Vision 2.1
      • Environmental Management System
      • Regulations
      • Climate Change Countermeasures
      • Information Disclosure based on TCFD Recommendations
      • Preservation of marine environments / Protection of biodiversity
      • Prevention of Air Pollution
    • Human & Community
      Contributing to the growth and development of people and communities
      • MOL CHARTS: Expressing the MOL Group's Shared Values
      • Human Resources Development
      • Securing and training seafarers
      • Workstyle Reforms
      • Promotion of Diversity and Inclusion
      • Health and Productivity Management
      • Stakeholder Engagement
      • Social Contribution Activities
    • Innovation
      Innovation for development in marine technolog
      • Organizational Structure to Promote Technological Innovation
      • Technological Innovation - MOL's Projects
      • Tracking MOL's Ship Technologies
      • ICT Strategy
    • Governance
      Governance and compliance to support businesses
      • Corporate Governance
      • Risk Management
      • Compliance
      • Information Security
      • Responsible Procurement
      • Human Rights
    • External Recognition
    • Sustainability Data
    • GRI STANDARDS INDEX
    • MOL Report (to IR Library)
      Safety, Environmental and Social Report (Back Issues)

  • Investor Relations

    Investor Relations

    Investor Relations Top

    • Management Policy
      • Message from the CEO
      • Management Plan
      • IR Policies
      • Risk Management
    • Financial Information
      • Latest Financial Results
      • Financial Data
    • IR Library
      • IR News
      • Financial Highlights
      • Business Performance
      • Investor Guidebook
      • Market Data
      • Investors Meeting
      • MOL Report
      • Business Report
      • Financial Statements
    • Share & Corporate Bond
      • General Share Information
      • Dividends
      • General Meeting of Shareholders
      • Articles of Incorporation
      • Corporate Bond & Ratings
      • Analyst Coverage
      • Share Price (Euroland)
    • IR Event Calendar
    • FAQ
    • Contact IR Office
    • IR Email Updates
    • Disclamer

  • Press Release
  • Contact Us
  • Service Site

JP

Close

Top Page > Press Release 2021 > MOL to Build Series of 4 LNG-fueled Car Carriers - progressing towards "90 LNG-fueled vessels by 2030" -

Japanese

MOL to Build Series of 4 LNG-fueled Car Carriers
- progressing towards "90 LNG-fueled vessels by 2030" -

August 03, 2021

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it reached an agreement with Shin Kurushima Dockyard Co., Ltd. (President: Tetsushi Soga; Headquarters: Imabari-shi, Ehime Prefecture) and Nihon Shipyard Co., Ltd. (President: Yoshinori Maeta; Headquarters: Chiyoda-ku, Tokyo) to build four 7,000-unit capacity car carriers using environment-friendly liquefied natural gas (LNG) as their main fuel. Compared to conventional marine fuel oil, LNG is expected to reduce emissions of carbon dioxide (CO2) which is a greenhouse gas (GHG), by about 25-30%, sulfur oxide (SOx) by 100%, and nitrogen oxide (NOx) by about 85%. The vessels are slated for delivery in succession starting in 2024.

In June 2021, MOL established the "MOL Group Environmental Vision 2.1" as a guide to achieving net zero GHG emissions by 2050.
It plans to launch about 90 LNG-fueled vessels by 2030, under its strategy calling for "Adoption of Clean Alternative Fuels" (Fig.1) to achieve that target.
In addition to the LNG-fueled vessel projects (Note 1) that the MOL Group has been working on, we will promote the use of LNG-fuel for car carriers, starting with this decision.

MOL is accelerating its preparations for the launch of environment-friendly vessels using not only LNG fuel but also biofuels (Note 2), which are reaching the practical application stage, while continuing to research the use of ammonia and other next-generation fuels.
It will make further efforts with the aim of becoming the company of choice for various stakeholders, by delivering a new value—zero-emission transport of cars.

(Fig. 1)

(Note 1)
Please refer to the following press releases related to LNG-fueled vessels.

  • LNG-fueled coal carrier
    December 25, 2019: Kyuden signs Agreement with NYK and MOL for the World's First LNG-fueled Large Coal Carrier - Reduction of GHG Emission by implementing LNG Fuel -
  • LNG-fueled tugboat
    September 28, 2020: MOL's LNG-fueled Tugboat Ishin Earns 'Ship of the Year 2019' Award as Innovative Work Ship/Special Purpose Ship
  • LNG-fueled ferry
    March 29, 2021: MOL, Kyushu Electric Power Sign Basic Agreement for LNG Fuel Supply for Japan's First LNG-Fueled Ferries: Sunflower Kurenai and Sunflower Murasaki
  • LNG-fueled bulker
    July 20, 2021: MOL Signs Deal for Long-term Transport Using Newbuilding LNG-fueled Bulker

(Note 2)
Please refer to June 30, 2021, press release:
MOL's Wholly Owned Euro Marine Logistics Starts Sea Trials of Car Carrier Powered by Biofuel


  • Press Release
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
  • About MOL
  • Corporate Profile
  • Corporate Mission
  • Directors, Auditors and Executive Officers
  • Organization
  • History
  • Location
  • MOL Group
  • Corporate Brochure/Video
  • MOL Services
  • Dry Bulkers
  • Tankers
  • Wind Power Energy Business
  • LNG Carriers
  • Offshore Business
  • Car Carriers
  • Ferries and Coastal RoRo Vessels
  • Containerships
  • Terminal
  • Logistics
  • Cruise Ship
  • Tugboat
  • Sustainability
  • Sustainability Management
  • Safety & Value
  • Environment
  • Human & Community
  • Innovation
  • Governance
  • External Recognition
  • Sustainability Data
  • GRI STANDARDS INDEX
  • MOL Report (to IR Library)
    Safety, Environmental and Social Report (Back Issues)
  • Investor Relations
  • Management Policy
  • Financial Information
  • IR Library
  • Share & Corporate Bond
  • IR Event Calendar
  • FAQ
  • Contact IR Office
  • IR Email Updates
  • Disclamer

Press Release

Contact Us

  • Privacy Protection Policies
  • Terms of Use
  • Sitemap

Copyright 1997- © Mitsui O.S.K.Lines All rights reserved.

PAGE TOP