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)
      • Sustainable 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
      • Corporate Culture Assessment
      • 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 Concludes a Transition linked loan to finance for TotalEnergies-Chartered LNG Bunkering Vessel, "Gas Vitality"

Japanese

MOL Concludes a Transition linked loan to finance for TotalEnergies-Chartered LNG Bunkering Vessel, "Gas Vitality"

November 01, 2021

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) today announced the conclusion of a Transition linked loan, relying on a transition finance framework and the Sustainability-Linked Loan Principles, to finance one of the world's largest LNG bunkering vessels, named ‘Gas Vitality‘. The bunkering vessel is owned by MOL's wholly owned subsidiary Emerald Blue Maritime.

The loan is provided by Societe Generale (acting as Mandated Lead Arranger, Bookrunner, Co-Sustainability Coordinator, Agent, Security Agent and Lender) and Sumitomo Mitsui Banking Corporation (acting as Lead Arranger, Co-Sustainability Coordinator and Lender).
The transition finance framework aims at promoting MOL's climate transition set forth in the "MOL Group Environmental Vision 2.1" (Note 1).
The loan has been structured in line with a transition finance framework and a Sustainability-Linked instrument that has an acquired third-party certification (Note 2) by DNV Business Assurance Japan for compliance with all four criteria below.

  • International Capital Market Association (ICMA):
    Climate Transition Finance Handbook
  • Financial Services Agency, Ministry of Economy, Trade and Industry, Ministry of the Environment in Japan:
    Basic Guidelines on Climate Transition Finance
  • Loan Market Association (LMA):
    Sustainability Linked Loan Principles
  • Ministry of the Environment in Japan:
    Sustainability Linked Loan Guidelines

The vessel 'Gas Vitality' is the sister ship to the 'Gas Agility', which was delivered in April 2020. The 'Gas Vitality' was delivered at Hudong-Zhonghua Shipbuilding in China on October 31,2021 and chartered to TotalEnergies Marine Fuels. (Note 3) As a cutting-edge LNG bunkering vessel equipped with the most advanced technology and environmental performance features, it plays an important role in promoting the spread of LNG-fueled vessels in the future.

In June of this year, the MOL Group established "MOL Group Environmental Vision 2.1" as a guide to achieve net zero GHG emissions by 2050 and support a sustainable society. Since then, the group has moved forward with various initiatives. One specific effort is to encourage the wider adoption of LNG as marine fuel by promoting the development of LNG fuel supply systems in Japan and around the world. It plans to launch about 90 LNG-fueled vessels by 2030 as a strategy to introduce clean alternative fuels (Fig. 1). The group continually works as a team to address customers and social needs to reduce environmental impact, contributing to the realization of a decarbonized society in the future.

[Outline of the vessel]
Ship name/Delivery date: 'Gas Vitality' (October 31, 2021)
Shipyard: Hudong-Zhonghua Shipbuilding in China
Ship registry/Class: France/Bureau Veritas (BV) (French shipping classification society)
LOA/Breadth/Draft: 135.9M/24.5M/16.0M
Deadweight tonnage: 8,780DWT
Cargo tank capacity: 18.600m3
Cargo tank system: Membrane GTT Mark III Flex

(Fig. 1)

(Note 1)
MOL Group Environmental Vision 2.1
https://mol.disclosure.site/en/themes/101

(Note 2)
Please refer to the following website.
https://www.dnv.jp/Images/EN_MOL_Transition_SLL_SPO_2021Oct26_publish_rev1_tcm29-210699.pdf

(Note 3) Please refer to the following press release:
TotalEnergies and Mitsui O.S.K. Lines Officiate Naming Ceremony of France's First LNG Bunker Vessel, "Gas Vitality"


  • 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