MOL and JAL Jointly Develop Certification and Approval Processes for Commercialization of Next-Generation Vehicle "Seaglider"

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Jotaro Tamura, Headquarters: Minato-ku, Tokyo) has entered into an agreement with Japan Airlines Co., Ltd. ("JAL"), Lloyd's Register Group Limited ("Lloyd's Register"), and REGENT Craft Inc. ("REGENT") to jointly develop processes for vessel certification and operational approval, with the aim of commercializing REGENT's fully electric vessel "Seaglider" in Japan. This initiative marks the first collaboration in Japan with a classification society toward the commercialization of Seaglider vessels.

Seaglider vessels are fully electric next-generation vehicles that combine the characteristics of maritime vessels and aircraft. They are classified as wing-in-ground (WIG) crafts that fly a few meters above the sea, taking advantage of ground effect ^{(Note 1)}. Designed to deliver high-speed transportation at speeds of up to 300 km/h, together with superior energy efficiency and zero-emission operation, Seaglider vessels are being developed as an innovative and sustainable transportation infrastructure solution for both passenger and cargo services, particularly for coastal city connections and regional island routes.

MOL and JAL aim to develop new passenger and cargo transportation markets for Seaglider vessels. In addition to the investments in REGENT ^{(Note 2)}, MOL and JAL will combine their accumulated knowledge in safe operations with REGENT's technological expertise to ensure safety and reliability essential for commercialization of Seaglider vessels.

Lloyd's Register has partnered with REGENT to act as the first international classification society to certify Seaglider vessels outside the United States. Under this Joint Development Project, Lloyd's Register will act as an independent third-party advisor, providing technical, safety, and regulatory guidance, while MOL and JAL, in collaboration with REGENT, aim to establish a comprehensive and systematic framework for certification and approval processes in Japan. Through collaboration among the four parties, MOL will further strengthen engagement with relevant government authorities and advance efforts toward the commercialization of Seaglider operations in Japan around 2030.

"Bringing Seaglider operations to Japan represents a significant milestone for REGENT and for the future of coastal mobility. Establishing clear certification pathways in Japan is the critical foundation that makes commercial deployment possible, and we couldn't ask for stronger partners to do that work alongside us. MOL, JAL, and Lloyd's Register each bring deep expertise in safety, certification, and operations as we move forward to bring Seaglider technology from vision to reality in one of the world's most important maritime markets." - Ted Lester, Vice President of Certification, REGENT Craft

"This partnership marks an important step forward in developing the market for Seaglider vessels. By combining MOL and JAL's expertise in safe and reliable maritime and aviation operations with REGENT's innovative technology and Lloyd's Register's certification capabilities, we aim to pave the way for Seaglider operations in Japan. We believe this initiative will create new opportunities in passenger and cargo transportation and contribute to a sustainable and advanced transportation network." - Ryota Hayashi, General Manager, Energy Business Strategy Division, Mitsui O.S.K. Lines

About REGENT
REGENT is pioneering the future of maritime mobility through the development and manufacturing of Seaglider^TM vessels, high-speed hydrofoiling wing-in-ground effect (WIG) craft that operate over the water within a wingspan of the surface, combining the speed of an aircraft with the convenience of a boat. A dual use company based in Rhode Island, U.S., REGENT has secured global commercial orders valued at more than $10 billion from leading airline and ferry operators around the world, as well as $15 million in contracts with the U.S. Marine Corps. REGENT has raised more than $100 million from investors including 8090 Industries, Founders Fund, Japan Airlines, and Lockheed Martin.

REGENT Craft Press Team: regent@boldspace.com

(Note 1) A phenomenon in which lift generated by a wing increases when it operates close to the ground or water surface
(Note 2) For more information on "investment in REGENT by MOL Switch LLC," please refer to the press release dated June 25, 2024: MOL Switch announces the investment in Regent Craft
For more information on JAL's investment in REGENT, please refer to the press release dated October 6, 2023: JAL and REGENT Sign Agreement to Study Seaglider Operations in Japan

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The MOL Group 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."