Mitsui O.S.K. Lines, Ltd. (MOL) has signed a Memorandum of Understanding (MoU) with Be Forward Co., Ltd. to implement a “Book and Claim” service for used car transport to Africa. This agreement marks Be Forward as the first customer to use the low-carbon shipping initiative, reinforcing its commitment to decarbonizing marine transport.
Key Highlights of the Agreement
- Contract Term: 5 years, starting April 2025.
- Sustainability Commitment: Be Forward will use MOL’s LNG-fueled car carriers, enabling it to claim the greenhouse gas (GHG) reduction value through certification.
- MOL’s Role:
- Continue reducing its own GHG emissions by introducing new LNG-fueled car carriers.
- Support stakeholders in reducing their carbon footprint through innovative partnerships.
- Align with its goal of achieving net-zero GHG emissions by 2050.
What is “Book and Claim”?
The “Book and Claim” system allows customers to:
- Book GHG reductions achieved through low-carbon ship transport services.
- Claim the GHG reduction value allocated to them through certified documentation.
This initiative supports low-carbon logistics while ensuring transparency and accountability in emissions reduction efforts.
Industry Impact
With this partnership, MOL and Be Forward set a new benchmark for sustainable maritime logistics. The initiative contributes to global decarbonization efforts and strengthens Africa’s supply chain sustainability by reducing the carbon footprint of vehicle transportation.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: MOL
