Offshore Business
Broadening Our Horizons with Challenging New Offshore Business Projects
Latest News
- May 26, 2020Mitsui O.S.K. Lines and LNG Terminal Wilhelmshaven sign a contract to build and charter an LNG terminal ship[445.0KB]
- Mar 03, 2020MOL and DSME Obtain AIP for Design of FSRU "Cryo-Powered Regas" System - Development of New Technology to Reduce Environmental Impact -
- Feb 26, 2020MOL to Start Joint Development for the digitalization of FSRU
Outline of Services
With experience accumulated in the energy transport field with LNG carriers and tankers, MOL takes a proactive stance in developing its offshore business, a field positioned for significant growth in the future.
The offshore business is typified by floating storage and regasification units (FSRUs) and floating production, storage and offloading (FPSO) units. Unlike typical vessels used to transport oil or gas, these facilities are moored in specific locations. The business model for MOL's offshore operations shares many characteristics of the company's LNG carrier projects. MOL continues to take an assertive approach to expanding in this field, in which, as the only Japanese company with a track record of operating both LNG carriers and FSRUs, we can effectively leverage our decades of experience.
Photo courtesy: MODEC, Inc.
History
| 2006 | MOL orders two LNG vessels equipped with regasification system with Hoegh. |
|---|---|
| 2010 | MOL joins an FPSO project in Brazil |
| 2011 | MOL transfers cargo between LNG carriers in Tomakomai, the first ship-to-ship operation ever done in Japan |
| 2014 | MOL establishes Viken MOL to participate in the shuttle tanker business. |
| 2017 | MOL enters the self-elevating platform vessel business which installs wind power generation systems. MOL joins a floating LNG receiving terminal project in India. World's largest FSRU, the MOL FSRU Challenger, is launched. |
| 2018 | MOL makes a major move into the subsea support vessel business. |
| 2019 | MOL and Karpowership International B.V. agree to collaborate in the LNG-to-Powership business. |
Related URL: MOL Group