MOL Techno-Trade in Green Initiative
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that its group company MOL Techno-Trade has joined a Green Award Program aimed at promoting high-quality shipping.
The program is run by the nonprofit Green Award Foundation, which was established with the objectives of protecting the marine environment and enhancing safe operation.
The program aims to improve the quality of vessels and mariners and protect the marine environment by certifying vessels for excellence in safety and low environmental impact. Companies that share the foundation's goals support them by providing incentives.
Eleven MOL Group-operated vessels have earned certification from the Green Award Foundation. MOL Techno encourages efforts to reduce environmental impact by offering preferential prices on its energy-saving Propeller Boss Cap Fins (PBCFs) to Green Award certified vessels and shipping companies, both inside and outside the MOL Group.
The PBCF is an energy-saving device that reduces a vessel's fuel consumption by 3% to 5% by eliminating the hub vortex generated behind the rotating propeller and improving propeller efficiency.
It was jointly developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Mikado Propeller, and it has been widely adopted worldwide since its launch in 1987. To date, over 3,300 vessels have been equipped with the PBCF.
MOL Techno, MOL and Akishima Laboratories (Mitsui Zosen) Inc. continue to move ahead on joint research, and the PBCF is continually evolving.