Tag: Japanese
Japanese Consortium Unveils Design For Eco-Friendly VLCC Powered By Methanol
Japan’s New Eco-Friendly Ship Design Promises Cleaner Shipping Idemitsu Tanker, IINO Lines, NYK, and Nihon Shipyard have teamed up to create an eco-friendly oil carrier that aims to make ocean shipping cleaner. This large crude oil carrier, called a VLCC (Very Large Crude Carrier), is being designed to use methanol as a fuel instead of…
MOL Is 1st Japanese Shipping Company to Raise Funds through Transition Linked Loan Using Performance-based Interest Subsidy System
Mitsui O.S.K. Lines, Ltd. yesterday announced that it has decided to raise funds through a syndicated transition linked loan using the performance-based interest subsidy system based on Japan’s Act on Strengthening Industrial Competitiveness. The Minister of Land, Infrastructure, Transport and Tourism approved MOL’s business adaptation plan on March 28. MOL is the first Japanese shipping…
MOL Becomes First Japanese Operator to Commercially Install Onboard CO2 Capture System
Mitsui O.S.K. Lines, Ltd. announced that it has decided to equip its LR1 product tanker Nexus Victoria (75,000 DWT class) with the “Filtree System,” an onboard CO2 capture system with a SOx scrubber manufactured by Value Maritime B.V. (VM), a Dutch emission reducing technology company. This marks the first time a Japanese operator has commercially…
The Green Award welcomes 8 New Japanese ports, Expanding its Asian Footprint
The Green Award Foundation is pleased to announce that 8 ports additionally managed by the Osaka Ports and Harbors Bureau have joined as new Incentive Providers, offering discounted port fees to Green Award certified vessels that call their ports. This expands The Green Award’s network to 47 ports incentivising safety and sustainability in shipping globally.Among…
Three Japanese Shipping Companies Partner to Establish Global Liquefied Hydrogen Supply Chain
On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawasaki Kisen Kaisha, Ltd. (“K”LINE), Mitsui O.S.K. Lines, Ltd. (MOL), and Nippon Yusen Kabushiki Kaisha (NYK), have agreed to join JSE Ocean, Ltd. (JSE Ocean), a subsidiary of JSE. JSE remains the majority shareholder with 50.2% of stock, whilst the shipping…
MOL has become the 1st Japanese Shipping Company to Join Washington Maritime Blue, A Non-profit Strategic Alliance for a Sustainable Maritime Industry
Mitsui O.S.K. Lines, Ltd. announced that MOL has become the first Japanese shipping company to participate in the non-profit organization “Leadership Initiative to Promote Maritime Cluster Innovation and the Blue Economy (Note),” organized by Washington Maritime Blue (WMB; CEO: Joshua Berger; Headquarters: Seattle, Washington, U.S.) , a strategic alliance for the collaborative creation of a…
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MOL has become the 1st Japanese Shipping Company to Join Washington Maritime Blue, A Non-profit Strategic Alliance for a Sustainable Maritime Industry
Mitsui O.S.K. Lines, Ltd. announced that MOL has become the first Japanese shipping company to participate in the non-profit organization “Leadership Initiative to Promote Maritime Cluster Innovation and the Blue Economy (Note),” organized by Washington Maritime Blue (WMB; CEO: Joshua Berger; Headquarters: Seattle, Washington, U.S.) , a strategic alliance for the collaborative creation of a…
