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MOL Deploys the World's First Ammonia-fueled Capesize Bulkers and Chemical Tankers
March 24, 2025
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL and its MOL wholly-owned subsidiary MOL Chemical Tankers Pte. Ltd. (MOLCT; CEO: Akira Sasa; Head Office: Singapore), along with Belgium-based CMB.TECH NV, have decided to jointly own and charter a total of nine Capesize bulkers and chemical tankers that can run on ammonia, a zero-emission fuel, as shown in the table below. These will be the world's first ammonia dual-fuel Capesize bulkers and chemical tankers.
| Ship Type | No. of Vessels |
Contracts with CMB. TECH |
Contracted Company with CMB. TECH |
Scheduled Delivery Year |
Shipyard |
|---|---|---|---|---|---|
| Ammonia dual fuel Capesize bulker |
3 | Joint ownership/ time charter | MOL | 2026-27 | CSSC Qingdao Beihai Shipbuilding Co., Ltd. |
| Ammonia dual fuel Chemical tanker |
2 | Time charter | MOLCT | 2028-29 | China Merchants Jinling Shipyard (Yangzhou) Dingheng Co., Ltd. |
| Ammonia Ready (Note) Chemical Tanker |
4 |
Amid the trend toward decarbonization, ammonia is drawing worldwide attention as a next-generation clean energy source, and the ocean shipping industry is accelerating its moves to strategically utilize ammonia as a fuel. The MOL Group also intends to adopt ammonia, as shown in the chart below, in its "MOL Group Environmental Vision 2.2" to achieve net-zero GHG emissions by 2050. MOL will continue to pursue these initiatives and contribute to the realization of a decarbonized society.
(Note) Vessels that can be converted to ammonia-fueled vessels in the future.
MOL Chemical Tankers:
Along with Fairfield Chemical Carriers, a wholly owned subsidiary of MOLCT, the company has industry's largest stainless steel tank chemical fleet of more than 110 vessels in service worldwide, transporting a wide variety of liquid chemicals, vegetable oils, animal fats and lubricants. The company employs approximately 410 staff, and operates a total of 12 offices in Tokyo, Copenhagen, London, Rotterdam, Houston, Stanford, Bogota, Dubai, Durban, Busan, and Shanghai, with its headquarters in Singapore.
Website: www.molchemtankers.com
CMB.TECH NV:
CMB.TECH is a diversified and future-proof maritime group. It owns and operates more than 150 seagoing vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels & workboats. It also offers hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, United States and Africa. CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMB.T.
Website: https://cmb.tech.
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 "Environment -Conservation for Marine and global environment-" and "Innovation -Innovation for development in marine technology-".
