Login

Lost your password?
Don't have an account? Sign Up

MOL orders four LNG-fueled car carriers

Share This News Story:
Shri Vaibhavi Logistics

TOKYO : Mitsui O.S.K. Lines (MOL) has reached an agreement with compatriot Nihon Shipyard and Shin Kurushima Dockyard for the construction of four 7,000-unit capacity car carriers that will use environment-friendly liquefied natural gas (LNG) as their main fuel.

The newly ordered ships are scheduled for delivery in succession, from 2024 to 2025. This will bring the company’s total orders for LNG-fueled car carriers to eight.

In September last year, MOL ordered the first batch of four LNG-fueled car carriers, which are slated for delivery in 2024. The units will serve Novatek Gas and Power Asia, part of Russia’s PAO Novatek.

Compared to conventional marine fuel oil, LNG is expected to reduce emissions of carbon dioxide (CO2) which is a greenhouse gas (GHG), by about 25%-30% and sulfur oxide (SOx) by 100%.

In June 2021, MOL established “MOL Group Environmental Vision 2.1” as a guide to achieve net zero GHG emissions by 2050. The company plans to launch about 90 LNG-fueled vessels by 2030, under its strategy calling for the adoption of clean alternative fuels to achieve that target.

Share This News Story: