- MOL is ordering a new LNG-fueled VLCC, the first dual-fuel VLCC chartered to a Japanese oil company, with delivery planned for 2027.
- The vessel supports MOL’s environmental vision to achieve net zero GHG emissions by 2050 by expanding its LNG-fueled fleet, which currently includes about 40 vessels.
- The ship will have a deadweight tonnage of around 309,000 tons, a length of approximately 339.5 meters, and a breadth of 60 meters.
Mitsui O.S.K. Lines, Ltd. (MOL), led by President & CEO Takeshi Hashimoto, has announced the order of a new LNG-fueled very large crude carrier (VLCC) to be chartered long-term by Idemitsu Tanker Co., Ltd., marking the first dual-fuel VLCC to be chartered to a Japanese oil company. The vessel will be built by Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) in China, a joint venture between Kawasaki Heavy Industries and China COSCO Shipping Corporation, with delivery scheduled for 2027.
Advancing Decarbonization with LNG-Fueled Vessels
MOL has established the “MOL Group Environmental Vision 2.2,” targeting net zero greenhouse gas (GHG) emissions by 2050. LNG fuel offers a 25%-30% reduction in carbon dioxide emissions compared to conventional fuel oil, making it a key part of MOL’s strategy for sustainable decarbonization in shipping.
The company is actively adopting LNG as a low-carbon fuel, aiming to operate 90 LNG- and methanol-fueled vessels by 2030. Currently, MOL’s fleet includes about 40 LNG-fueled vessels (as of March 2025), six of which are VLCCs including the newly ordered vessel. Through the long-term time charter contract with Idemitsu Tanker, MOL intends to lead the wider adoption of LNG fuels and contribute to lowering the shipping industry’s environmental impact.
The vessel has a deadweight tonnage of about 309,000 tons, a length overall (LOA) of approximately 339.50 meters, a breadth of about 60.0 meters, and is scheduled for delivery in 2027.
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Source: MitsuiOSKLines
