MOL was Honored with the "World LNG Shipping Award 2024" at the World LNG Summit in Berlin

December 13, 2024

- Long-standing LNG Transportation Record by the World's Largest LNG Fleet, Leading in Innovation in Sustainability and a Clear Commitment to Decarbonization were Highly Commended -

Mitsui O.S.K. Lines (MOL; President: Takeshi Hashimoto; Head Office: Minato-ku, Tokyo) has been awarded the World LNG Shipping Award 2024 at the World LNG Summit ^(Note1) held in Berlin, Germany, from 9-12 December.

On December 10, three awards were announced at the World LNG Summit to acknowledge companies that have contributed to the development and future of the LNG industry through both commercial and technological innovation.
MOL was selected as a finalist for the World Energy Transition Award 2024 and the World LNG Shipping Award 2024 ^{(Note 2)} in two out of three categories, and was awarded the World LNG Shipping Award 2024. MOL was recognized for its long experience in the LNG carrier business with the world's largest LNG fleet, advanced technology, its commitment towards decarbonization through promotion of LNG as marine fuel and the introduction of environmentally friendly systems including the wind propulsion system "Wind Challenger".

The following day, our Executive Officer, Suryan Wirya-Simunovic, took to the stage as a panelist to share his views on the outlook for the LNG industry and the role it can play in contributing to a low-carbon, decarbonized society.

We will contribute to the realization of a low-carbon society by leveraging our experience in LNG transportation, expanding our business not only in transportation but also in gas liquefaction, storage, regasification and power generation, expanding our LNG infrastructure business, and building an LNG supply chain.

(Note 1)
The World LNG Summit, held annually, is one of the most prestigious gatherings in the global energy sector, bringing together key stakeholders from the LNG industry, including policymakers, industry leaders, energy providers, and experts. This summit serves as a vital platform for discussing the latest trends, challenges, and innovations in LNG, while focusing on the energy transition, sustainability, and the future of global energy markets. For the 2024 edition, held in Berlin, Germany, the event attracted prominent players from across Europe and the world, underscoring its significance in shaping the future of LNG.
URL : 24th World LNG Summit & Awards

(Note 2)
World Energy Transition Award：
The World Energy Transition Award is awarded to a company that, through technological or commercial innovations or change, has made a significant contribution to the crucial role that natural gas/LNG plays in the energy transition and in maintaining energy security.
World LNG Shipping Award ：
The World LNG Shipping Award is awarded to a company that, through technological or commercial innovation or change, has made a significant contribution to the crucial role that LNG shipping plays in the value chain, such as employing technological and strategic innovation to reduce shipping emissions and accelerate shipping’s journey to carbon neutrality, providing innovative technological solutions to the LNG shipping industry, developing projects or products that have contributed to the progression of the global LNG shipping industry, contributing to maritime education in the LNG transport sector.

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MOL Group 5 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 "Safety & Value -Provide added value through safe transportation and our social infrastructure business-", "Environment -Conservation for Marine and global environment-" and "Innovation -Innovation for development in marine technology-."