MOL And Kansai Sign Basic Agreement On Consecutive Voyage Charter

• The newbuilding will be constructed at Oshima Shipbuilding Co., Ltd. (President: Eichi Hiraga; Headquarters: Saikai-shi, Nagasaki Prefecture).
• LNG can reduce carbon dioxide (CO2) emissions by about 25%, sulfur oxides (SOx) emissions by 100%, and nitrogen oxides (NOx) emissions by about 85%.
• MOL Group has set the target of achieving net zero GHG emissions by 2050 in the “MOL Group Environmental Vision 2.2.” 

Mitsui O.S.K. Lines, Ltd Today, announced the signing of basic agreement with Kansai Electric Power Co., Inc. on the consecutive voyage charter dedicated to coal transportation to KEPCO’s Power Station from overseas by newbuilding Dual Fueled bulk carrier, which can burn either conventional marine fuel oil or LNG. 

Consecutive voyage charter agreement

The newbuilding will be constructed at Oshima Shipbuilding Co., Ltd. (President: Eichi Hiraga; Headquarters: Saikai-shi, Nagasaki Prefecture).

The vessel will be engaged in overseas coal transportation for the Maizuru Power Station in addition to an ongoing contract, and is slated for delivery in the second half of 2026.

LNG emission reduction

LNG can reduce carbon dioxide (CO2) emissions by about 25%, sulfur oxides (SOx) emissions by 100%, and nitrogen oxides (NOx) emissions by about 85% in comparison to burning conventional marine fuel. Also, LNG has been in practical use as a marine fuel for many years.

Net-zero GHG emissions target

MOL Group has set the target of achieving net zero GHG emissions by 2050 in the “MOL Group Environmental Vision 2.2.” 

MOL Group has already ordered and built LNG-fueled car carriers, bulk carriers, tankers, ferries, and a tugboat, and this newbuilding bulk carrier will be its 17th LNG-fueled ocean-going vessel. 

The group will further expand the introduction of LNG-fueled vessels as an initiative that can be taken immediately, and accelerate its efforts to reduce total GHG emissions.

Outline of This Newbuilding Bulk Carrier

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Source: MOL

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