- Mitsui O.S.K. Lines (MOL) is expanding its fleet with five new LNG-capable Capesize bulkers, aiming for a total of 13 such vessels by 2027.
- With targets aligned for net-zero GHG emissions by 2050, MOL emphasizes LNG’s potential to significantly reduce CO2, SOx, and NOx emissions compared to conventional marine fuels.
- This move aligns with MOL’s broader strategy of increasing LNG-fueled vessels across various shipping categories to curtail greenhouse gas emissions.
Fleet Expansion
Mitsui O.S.K. Lines (MOL) is expanding its fleet with five dual-fueled Capesize bulkers that can burn LNG or conventional marine fuel oil.
These vessels, slated for delivery between 2026 and 2027, will bring MOL’s total LNG-capable Capesize bulkers to 13, with one vessel already operational since March 2023 receiving LNG fuel.
Emission Reduction
LNG, compared to traditional marine fuel, boasts significant emission reductions: 25% in CO2, complete elimination of SOx, and around 85% in NOx.
Aligning with its vision for net-zero GHG emissions by 2050, MOL has expanded its LNG-powered fleet across various vessel types, including car carriers, tankers, and ferries.
As an immediate step, MOL aims to further increase LNG-fueled vessels to expedite its drive towards slashing overall GHG emissions.
Fleet status
| Ship type | Number of vessels | |
|---|---|---|
| Ocean-going | Bulk carrier | 13 Capesize bulkers (1 already in service) + 2 other bulk carriers (1 already in service)*1 |
| Car carrier | 13 | |
| Tanker | 4 VLCCs | |
| Coastal | Tugboat | 1 (already in service)*2 |
| Ferry | 4 (2 already in service)*3 | |
| Coastal cargo vessel | 1 (already in service)*4 | |
| Total | Ocean-going: 32, Coastal: 6 |
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Source: MOL
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