LNGC conversion completed for world’s first M-FSRU

GAS Entec, a subsidiary of AG&P, has completed the conversion of a LNG carrier for KARMOL into the world’s first Modular Floating Storage and Regasification Unit (M-FSRU). Courtesy of AG&P GAS Entec converted a 125,000 cbm LNG carrier into an 84 mmscfd … Read More

MOL aims to have 110 zero-emission ships by 2035

Japanese shipping company Mitsui O.S.K. Lines (MOL) plans to deploy about 110 net zero emission oceangoing vessels by 2035. MOL’s LNG fueled ferry that is slated for delivery in 2025. Courtesy of MOL The first zero-emission ships are expected to … Read More

North Sea player doubles its interest in Catcher field

North Sea-focused independent E&P company Waldorf Production is buying the entire UK business of Hungary’s MOL, which will see it double its interest in the Greater Catcher Area in the North Sea. As informed on Wednesday, Waldorf entered into a … Read More

MOL to offset CO2 emissions from repositioning world’s 1st all-electric tanker

Japanese shipping company Mitsui O.S.K. Lines (MOL) said it will participate in the carbon offset by using “J Blue Credit”, which utilizes the blue carbon issued by Japan Blue Economy Association (JBE). The “J Blue Credit” targets blue carbon, which … Read More

ClassNK approves methane slip reducing system for LNG-fueled ships

The classification society ClassNK has granted approval in principle to a Japanese trio for the methane oxidation catalyst system for LNG-fueled vessels. CG of a coal carrier scheduled for actual ship demonstration. Image by MOL The system reduces methane slip … Read More

MOL, Oshima complete hard sail system for ships

Japanese shipping company Mitsui O.S.K. Lines (MOL) and compatriot shipbuilder Oshima Shipbuilding have completed the hard sail system jointly developed under the Wind Challenger project at the Oshima shipyard. Photo: MOL MOL has been promoting the Wind Challenger Project to … Read More

India fines Japanese car carrier cartel

India has sanctioned four Japanese maritime transport companies for price-fixing practices in the car carrier business. Illustration. Image by NYK On 24 January 2022, the Competition Commission of India (CCI) passed a final order against Nippon Yusen Kabushiki Kaisha (NYK … Read More

MOL to boost investment in LNG-fueled ships, offshore wind business

Japanese shipping major Mitsui O.S.K. Lines (MOL) revealed plans to accelerate investment in LNG-fueled vessels as well as in low-/de-carbonization businesses such as offshore wind power. Photo: MOL The plans were revealed by MOL President & CEO Takeshi Hashimoto in … Read More

MOL makes foray into ocean transport of liquefied CO2

Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has decided to invest into Larvik Shipping, a Norwegian ship management company for liquified CO2 carriers. The investment marks MOL’s entrance into a completely new market of ocean transportation of liquefied CO2. The … Read More

MOL joins initiative to combine wind power and hydrogen fuel cells

Japanese shipping major Mitsui O.S.K. Lines (MOL) has joined a corporate-academic partnership in a zero-emission initiative called the Wind Hunter Project, seeking new applications for hydrogen fuel and wind power. The project intends to use its rigid, collapsible sail technology … Read More