MOL Drybulk And Kambara Kisen’s Methanol Dual Fuel Bulk Carrier

MOL Drybulk and Kambara Kisen ink time charter deal for a new methanol dual fuel bulk carrier, set for delivery in 2027. Major step towards achieving the ’90 LNG/Methanol-fueled Vessels’ KPI by 2030.

Eco-friendly Fuel

The vessel will use e-methanol produced from CO2 and renewable hydrogen, as well as bio-methanol from biogas, significantly reducing greenhouse gas (GHG) emissions compared to traditional heavy oil-fueled ships.

The vessel’s design prioritizes cargo space while ensuring ample methanol tank capacity for various navigational routes, enhancing its operational flexibility.

The ship will primarily transport biomass fuels between North America’s east coast, Europe, and the U.K., as well as grains from South America’s east coast and the U.S. Gulf Coast to destinations in Europe and the Far East.

Vision 2.2

MOL has established the “MOL Group Environmental Vision 2.2” and set the goal of achieving net zero greenhouse gas (GHG) emissions by 2050. One of the key strategies to achieve this goal includes the “adoption of clean alternative fuels,” and MOL Group aims to have 90 LNG/methanol-fueled vessels in service by 2030.

MOL Group and Kambara Kisen that introduce the methanol dual fuel bulk carriers at an early stage, will play a role in initiatives by society as a whole to achieve decarbonization through safe ownership, management, and operation of this innovative vessels.

Outline of the time-charter contract

Outline of the time-charter contract

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Source: MOL

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