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MOL Secures âWorldâs Firstâ AiP for LNG Carrier with Wind-Assisted Propulsion
Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for the design of a membrane LNG Carrier with Wind Challenger wind-assisted propulsion system.The AiP marks the world's first approval for an LNG carrier with a wind-assisted propulsion system, according to MOL, which developed the design of the system together with Hanwha Ocean.The LNG carrier that has obtained this AiP is capable of entering LNG terminals worldwide.
MOL Delivers Second Wind Sail-Equipped Bulk Carrier
Mitsui O.S.K. Lines (MOL) has completed the construction of bulk carrier Green Winds, equipped with the Wind Challenger hard sail wind power propulsion system.The construction of the 63,896 DWT Ultramax bulk carrier was completed at Oshima Shipbuilding.MOL Groupâs company MOL Drybulk will operate this new vessel.This is the second of a total of nine MOL Group vessels that have been or will be equippedâŚ
MOL to Install Wind Powered Propulsion Systems on Seven New Vessels
Mitsui O.S.K. Lines (MOL) and its company MOL Drybulk have announced plans to install wind propulsion systems, including Wind Challenger, on a total of seven newbuilding bulk carriers and multi-purpose vessels.The vessels will be operated by MOL Drybulk. With the latest commitment, MOL Group will have a total of nine Wind Challenger-equipped vessels, bringing the total number of vessels equipped withâŚ
J-Powerâs Coal Carrier to Sport Wind Challenger Propulsion System
Mitsui O.S.K. Lines (MOL) and Electric Power Development (J-Power) have agreed to install the Wind Challenger hard sail propulsion system, which converts wind energy to propulsive force, on the coal carrier Kurotakisan Maru.The installation of the Wind Challenger sail, which transports steaming coal to J-Power's power stations, is schedule for the second half of 2025.This marks the first installation of the Wind Challenger on a vessel currently in service by retrofittingâŚ
MOL First Shipping Company to Issue 'Blue Bonds'
Mitsui O.S.K. Lines, Ltd. has decided to issue âblue bondsâ through a public offering in Japanâs domestic market in January 2024, reportedly the worldâs first blue bonds in the shipping industry, which refer to the guidance provided by the International Capital Markets Association (ICMA) and other organizations.The Blue Bond Framework developed for the issuance of the bonds will ensure that all uses of the bondsâ proceeds will contribute to a sustainable blue economyâŚ
Nations and Industry Partners Respond to Green Shipping Challenge
Norwayâs Prime Minister Jonas Gahr Støre and US Special Presidential Envoy for Climate John Kerry are co-leading an international initiative to accelerate reduction of emissions from the shipping sector, and on December 1, during COP28, they chaired a new round of announcements under that initiative, the Green Shipping Challenge.Various countries and organizations proposed measures to reduce emissions from shipping.
Sail Freight: Fair Winds or Grassroot Sustainability?
Climate change advocates and seafarers recently gathered for a small conference at the Hudson Valley Maritime Museum in Kingston, N.Y., to discuss the shipping industryâs struggle to achieve sustainability and environmental compliance.The setting, the hamlet of Rondout, N.Y. (within Kingston), holds significance as it was, ironically, a Hudson River port once considered the largest coal port in the world (yes, the world).
World's First Coal Carrier Equipped with Wind Challenger Sail Marks Maiden Call in Australia
Shofu Maru, the worldâs first coal carrier equipped with the Wind Challenger - a hard sail wind power propulsion system - this week made the maiden port of call in Newcastle, Australia. Japanese shipping giant Mitsui O.S.K. Lines (MOL) held a ceremony on October 24 to mark the occasion. "The Australian government has set a decarbonization policy to achieve net zero emissions by 2050, and local port officials in Newcastle have high expectations and interest in the Shofu MaruâŚ
MOL Opts to Equip Second Bulk Carrier with Hard Sail
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) on Wednesday said it intends to equip a second bulk carrier with the Wind Challenger hard sail system, which harnesses the power of wind to propel the vessel, improving efficiency and reducing fuel consumption and emissions.MOL Group company MOL Drybulk Ltd. will operate the vessel, which will transport wood pellets for sustainable wood bioenergy producer Enviva Inc.
MOL, Tata Steel to Develop Environmentally Friendly Bulk Carrier
Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its dry bulk subsidiary MOL Drybulk have signed a memorandum of understanding with steelmaker Tata Steel to develop and deploy an environmentally friendly bulk carrier.MOL will partner with Tata Steel on this innovative project to reduce greenhouse gas emissions in its supply chain.Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: "TheâŚ
MOL, Tohoku Trial Hard Sail on a Coal Carrier
Mitsui O.S.K. Lines (MOL) and Tohoku Electric Power have announced that they intend to move ahead with a joint study to install the Wind Challenger telescopic hardâŚ
MOL Gets AIP for Wind Challenger Design
Japanâs shipping major Mitsui O.S.K. Lines and Oshima Shipbuilding have jointly obtained Approval in Principle (AIP) from Nippon Kaiji Kyokai (ClassNK) for theâŚ
MOL Works on Environmental Agenda
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."ShppingâŚ
MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds
Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market.
