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MOL News Highlights for 2022
- Looking at MOL from Press Release Access Rankings -
December 27, 2022
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced access rankings for its news releases during 2022.
This year, MOL Group established its "Rolling Plan 2022" management plan and the "MOL Sustainability Plan," aimed at realizing the group-wide vision, and developed various social infrastructure businesses, centering on marine transportation and addressing changing social concerns, including environmental protection, with evolving technologies and services.
Following is a list of the most frequently accessed press releases through the MOL website this year, along with the five "Sustainability Issues (Materiality)" identified in the MOL Sustainability Plan as "social issues that the MOL Group should give priority to through its business activities."
1. Safe & Value - Provide added value through safe transportation and our social infrastructure business -
To further improve "safety quality," MOL Group has strengthened the organizational structure that supports safe operations, and thoroughly implemented safe operations through tabletop drills and other measures.
As part of its initiatives on "portfolio strategy," which strengthens non-shipping businesses to ensure stable profitability, MOL made Daibiru Corporation, a real estate business, and Utoc Corporation, a logistics and port business, into wholly owned subsidiaries. In addition, as part of its "regional strategy," MOL is aggressively pursuing business development globally, with an emphasis on Asia, and strengthening its non-shipping business overseas. Furthermore, MOL Group will promote renewable energy projects such as offshore wind power, wave power, and ocean thermal energy conversion (OTEC) to provide even greater added value.
- AR Navigation System Earns Innovation Endorsement Certificate from ClassNK
- 2 MOL-operated Vessels Earn 2021 'Best Quality Ship Awards' - Japan Federation of Pilots' Association Honors Safe Operation Measures -
- MOL Tabletop Drill Prepares for Serious Marine Accident - Scenario Has Fire in Engine Room on Wood Chip Carrier off Japanese Coast -
- MOL Completes Acquisition of Daibiru Corporation
- MOL Completes Acquisition of Utoc Corporation
- Verification Research of Feasibility and Dissemination of Ocean Thermal Energy Conversion in Mauritius Selected for NEDO Project - Accelerating Commercialization of Ocean Renewable Energy, Following Project Now in Operation in Okinawa -
- Investment Participation in Offshore Wind Power business in Taiwan
- Asia-first newbuild Taiwan-flagged Service Operation Vessel delivered to operate for Greater Changhua 1 & 2a Offshore Wind Farms
2. Environment - Conservation for Marine and global environment -
The MOL Group made concerted group-wide efforts in low-carbon and decarbonization projects based on the "MOL Group Environmental Vision 2.1."
MOL Group has made steady progress on the construction of LNG-fueled vessels as a GHG reduction measure that can be realized immediately, and reduced fuel consumption during operations through enhanced operating efficiency. It also promoted activities that lead to the preservation of the marine environment and biodiversity.
- MOL Signed for Six Large LNG-fueled Vessels - Steadily Progressing towards '90 LNG-fueled Vessels by 2030' -
- MOL to Build 4 Additional LNG-fueled Car Carriers - Progressing towards '90 LNG-fueled Vessels by 2030' -
- MOL and CNOOC Sign Long-term Charter Deal for Six Newbuilding LNG Carriers
- MOL Holds Naming/Launching Ceremonies for Japan's 1st LNG-fueled Ferry Sunflower Kurenai - Slated to Enter Service on Osaka-Beppu Route in January 2023
- MOL Establishes EcoMOL Inc. in the Philippines Sailing towards de-carbonized future: Progressing GHG Emissions Reduction Initiatives by promoting operational efficiency
- MOL Conducts Carbon-offset Voyage with Car Carrier - Offsetting CO2 Emissions from Ocean Transport of Completed Cars for Europe -
- MOL to Participate in 'J Blue Credit' Carbon Offset for Supporting Restoration and Conservation of Seagrass Meadow - Offsetting CO2 Emissions from Repositioning World's 1st EV Tanker -
3. Human & Community - Contributing to the growth and development of people and communities -
MOL Group focuses on initiatives that lead to successful coexistence with everyone involved in the group and sustainable development of local communities. As a corporate group that respects diverse personalities and values and allows all individuals to maximize their abilities and play active roles, MOL focuses on initiatives that lead to successful coexistence with everyone involved in the group and sustainable development of local communities through its activities while working to spread the ideas expressed in "MOL CHARTS," the group's common values and code of conduct.
- MOL Joins Human Capital Management Consortium
- MOL Concludes MoU to Revitalize Regional Industries by Utilizing Overseas Personnel in Oarai-machi, Ibaraki Prefecture
- Kobe Shosen Mitsui Building Celebrates Centennial Anniversary of Its Completion
- Authorized Public Trust 'MOL Mauritius International Fund for Natural Environment Recovery and Sustainability' Selects 1st Year Grant Recipient Projects and Starts Grant Payment - Recovery and Sustainability of Environment and Local Communities Contribution Activities in Mauritius -
- Resuming Full-scale Overseas Cruise Service - 'Mauritius Precious Cruise' aboard Nippon Maru to Set Sail in December 2022 -
4. Innovation - Innovation for development in marine technology -
MOL Group has begun development of ammonia-fueled vessels and liquefied CO2 carriers as it strives to realize net-zero emission vessels while introducing and expanding the use of clean energy. It also promoted energy conservation on vessels through the completion of the first vessel equipped with the "Wind Challenger," which uses wind as propulsion. In addition, the company has launched full-scale initiatives to develop and introduce autonomous operation technology and digital transformation (DX) for safe operation.
- Delivery of SHOFU MARU, World's First Cargo Vessel equipped with 'Wind Challenger' Hard Sail
- World's First Successful Sea Trial of Autonomous Sailing on a Commercial Container Ship Voyage
- MOL Selected as "Digital Transformation Stock (DX Stock) 2022"
- Mitsui O.S.K. Lines, Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding Start Joint Development on Net Zero Emission Ammonia-fueled Ocean-going Liquefied Gas Carrier
- MOL Completes Concept Study of 'Ammonia/Liquefied CO2 Carrier'
5. Governance - Governance and compliance to support businesses -
Through the "MOL Sustainability Plan," established by the MOL Group this year, it has enhanced corporate governance and strengthened compliance.
MOL will ensure transparency in the management of the group, aim to build a foundation for addressing social issues through its business activities, and create a sustainable value chain in consideration of human rights, safety, and the environment.
- MOL Establishes 'MOL Sustainability Plan'
- MOL Group Establishes "Human Rights Policy", "Basic Procurement Policy" and "Supplier Procurement Guidelines"
Press releases not listed above are also available on the website under "Press Releases 2022."
MOL Group will continue to carry forward its business in 2023 with the aim of becoming a corporate group that is trusted by all stakeholders, with safety as the top priority.