Mitsui O.S.K. Lines, Ltd. News

ABS has granted approval in principle to an innovative liquefied carbon dioxide (LCO2) floating storage and injection unit (FSIU) designed by MODEC, Inc. (MODEC) in collaboration with Mitsui OSK Lines Ltd. (MOL). Tailored to the growing demands of the global carbon capture, utilisation and storage (CCUS) value chain, the design eliminates the need for onshore facilities, bringing LCO2 storage and injection offshore. With a design capable of injecting up to 10 million tonnes of CO2 annually and...

Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers) as well as Japanese export credit agencies Japan Bank for International Cooperation (&l...

DNV has awarded a General Approval for Ship Application (GASA) certificate to Mitsui O.S.K. Lines, Ltd., (MOL), MISC Berhad (MISC), PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), and Shanghai Merchant Ship Design and Research Institute (SDARI), for their jointly developed 62,000 cubic metres (cbm) liquid carbon dioxide (LCO2) carrier design. This milestone builds upon an Approval in Principle (AiP) awarded by DNV in 2023 and highlights the growing role of Carbon Capture and Storage (CCS) in Asia&rsqu...

Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000 vessels. Following months of rigorous development and testing, the service has gained incredible momentum in its first six months on the market with global customers adopting NexusWave for their fleets. This milestone underscores the global shipping industry’s strong appetite for a fully managed, high-speed, bonded connectivity service that combines the power of multiple networks with the...

Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade its fleet from Fleet Xpress (FX) service to Inmarsat’s NexusWave. This fleet-wide transition to NexusWave will allow MOL to benefit from Inmarsat’s fully managed bonded connectivity service and accelerate the digitalisation strategy of the renowned Japanese shipping company. Local Inmarsat partner - JSAT MOBILE Communications will be responsible for implementing and supportin...

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that enables large-scale hydrogen transport and storage. Vacuum insulation system HD KSOE's vacuum insulation system is designed to reduce the time required to create a vacuum in large tanks, which is essential for transportation. The new technology allows maintaining a vacuum state at –253℃, which KSOE says enables safer and loss-free transport of large quantities o...

DNV has awarded an AiP to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its innovative vacuum-insulated large-scale liquefied hydrogen tank, another advancement in providing practical storage solutions for liquefied hydrogen (LH2). Large-scale liquid hydrogen storage Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realise its promise for decarbonising industries, suc...

ABS issued an approval in principle (AIP) to pioneering Japanese companies at Gastech 2024 for two liquid carbon dioxide (LCO2) carrier designs with Type-C cargo tanks that do not require performing post-weld-heat-treatment based on the demonstration of an engineering critical assessment (ECA). ABS reviewed the drawings based on class and statutory requirements for the two designs, a 50K cubic metre carrier and a 23K cubic metre carrier, featuring Type-C cylindrical tanks made of carbon ma...

DNV has awarded an Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its electric propulsion liquefied hydrogen (LH2) carrier design concept that could enable 80,000 cubic metres of LH2 storage and transport. The AiP awarding ceremony will take place at Gastech, Houston. Maritime transportation value chain This milestone forms part of a broader collaboration involving industry pioneers, HD KSOE, Woodside Energy (Woodside), Hyundai Glovis, and Mitsui...

Watson Farley & Williams (WFW) advised an Asian financial institution as arranger, agent, security agent, and lender on a US$201.85 million sustainability-linked Japanese Operating Lease with Call Option (JOLCO) with Ocean Network Express Pte. Ltd. (ONE) as lessee and Financial Partners Group Co., Ltd. (FPG) as equity provider for two portfolios of container boxes comprising dry container boxes and reefer container boxes. Global container shipping company Singapore headquartered ONE is a g...

ClassNK granted its ‘AFVC (Additional Fire-Fighting measures for Vehicle Carrier)’ notations to ‘CERULEAN ACE,’ an LNG-fuelled car carrier operated by Mitsui O.S.K. Lines, Ltd. and managed by MOL Ship Management Co., Ltd., for vessels equipped with additional firefighting measures for transporting electric vehicles (EVs). It is the first vessel in the ClassNK registry to receive the ‘AFVC’ notations, and it marks the world's first case of a shipping company's...

ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the 'Wind Challenger', a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. and Hanwha Ocean Co., Ltd. This marks the world's first AiP for an LNG carrier equipped with a Wind-Assisted Propulsion System (WAPS). As a solution for responding to environmental regulations and fuel cost reduction, the implementation of wind-assisted propulsion systems is in pro...

ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the "Wind Challenger," a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. and Hanwha Ocean Co., Ltd. This marks the world's first AiP for an LNG carrier equipped with a Wind-Assisted Propulsion System (WAPS). Wind-assisted propulsion systems As a solution for responding to environmental regulations and fuel cost reduction, the implementation of win...

ClassNK has carried out third-party verification for self-aggregated social data of Mitsui O.S.K. Lines, Ltd. and its group companies, and issued an assurance statement. In an era where proactive corporate actions are required to realise a sustainable society, disclosure of non-financial information, such as environmental data and social data is increasing in importance as a corporate ESG performance indicator. Disclosure of ESG information ClassNK is providing support towards the realisatio...

Japanese maritime experts have announced the successful completion of the early phases of a cross-industry project aimed at creating a secure data-sharing framework between shipyards and ship owners to advance the use of digital twins throughout a ship’s lifecycle. The project, which aims to enable the use of a vessel’s unique design data to optimise efficiency and safety at sea, as well as the sharing of operational data to inform new designs, brings together ship owners - NYK Grou...

ClassNK has verified the methane slip reduction effect of the methane slip reduction system, jointly developed by Hitachi Zosen Corporation, Mitsui O.S.K. Lines, Ltd. (MOL) and Yanmar Power Technology Co., Ltd. (Yanmar PT), and issued a Statement of Fact (SOF). A concept of the methane oxidation catalyst system was designed by Hitachi Zosen and Yanmar PT as part of a project that was adopted by Japan’s New Energy and Industrial Technology Development Organization (NEDO) as 'Development of...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a “Wall Climbing Robot” by Sumitomo Heavy Industries, Ltd., Mitsui O.S.K. Lines, Ltd., and MOL Ship Management Co., Ltd. Wall Climbing Robot “Wall Climbing Robot” can move to high places that were previously difficult to access by humans or robots, and can take photographs and inspections of the relevant parts. Moreover, it is capable of measuring the thickness of steel plates by remote o...

ClassNK has granted its Innovation Endorsements for Products & Solutions to two initiatives by Mitsui O.S.K. Lines, Ltd., “FOCUS” and “Sustainable Seafaring, Wellness Living”. “FOCUS” is an operational data analysis software system developed by MOL that collects and analyses detailed data from ICT-enabled vessels. ClassNK has verified the functions of “FOCUS”, 1. Vessel performance analysis that integrates abundant operational knowledge and na...

ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsubishi Shipbuilding Co., Ltd. Ammonia, which does not emit CO2 during combustion, is projected to be widely used as a source of clean energy for decarbonisation, while the development of onshore facilities for storage and regasification is a challenge. FSRU FSRU is a floating facility designed for liquified ga...

Maritime industry pioneers came together at the annual ABS Japan National Committee Meeting to discuss the latest developments in technology, sustainability, regulations, and market trends in the shipping industry. ABS President and COO John McDonald provided an update on ABS’ industry-pioneering safety performance and how ABS has secured the number one position in global order book share with a fleet that has grown to 285 million gross tons with more than 11,400 assets. Collaboration is...

ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multi-purpose vessel developed by Mitsui O.S.K. Lines, Ltd., MOL Drybulk Ltd., Onomichi Dockyard Co., Ltd., Kawasaki Heavy Industries, Ltd., and Japan Engine Corporation. This is the world’s first AiP certification for a ship equipped with a large low-speed two-stroke hydrogen-fueled engine as the main propulsion engine. Growth and building of the vessel According to the companies, demon...

Tokyo-based classification society, ClassNK has issued an Approval in Principle (AiP) for an ammonia fuelled gas carrier, which has been jointly developed by Mitsui O.S.K. Lines, Ltd., TSUNEISHI SHIPBUILDING Co., Ltd., and Mitsui E&S Shipbuilding Co., Ltd. Ammonia is expected to be used as a ship fuel for decarbonisation, since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative, as it has been pointed out that ammonia is toxic to humans and corrosive to...

Tokyo-based Classification Society, ClassNK has issued an Approval in Principle (AiP) for a large ammonia fuelled 210,000 DWT bulk carrier, which has been jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and MITSUI & CO., LTD (MITSUI). Ammonia is expected to be used as a ship fuel for decarbonisation, since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative, as it has been pointed out that ammonia is toxic to humans and corrosive to materials. Class...

NSSLGlobal, the global independent SATCOM, and IT solutions provider has announced a new 3-year contract with MOL LNG Transport (Europe) Ltd, which includes an enhanced airtime package, and crew entertainment streaming service alongside the rollout of its new Cyber and IT managed services. Future-proof fleet technology This far-reaching contract will also see NSSLGlobal partner with MOL to trial Low Earth Orbit (LEO) services to further enhance and future-proof the fleet’s technology and...

Gard is happy to announce that they have entered into partnerships with the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in Denmark. As decarbonisation transforms the maritime industries, ship owners will increasingly have to convert their operations to alternative fuels and low-carbon technologies, exposing them to new risks and operational challenges. As a leading marine insurer, Gard wants to support t...

Mitsubishi Shipbuilding Co., Ltd. and Mitsui O.S.K. Lines, Ltd. (MOL) have announced the acquisition of Approval in Principle (AiP) for their jointly developed liquefied CO2 (LCO2) carrier from the Norwegian classification society, Det Norske Veritas AS (DNV). The presentation ceremony took place on September 5, 2022 at Fiera Milano, the venue of Gastech 2022, a major international conference on global energy and environmental issues, including natural gas, LNG, and hydrogen, held in Milan, Ita...

Tokyo - ClassNK has issued an Approval in Principle (AiP) for design of a large-scale liquefied carbon dioxide (CO2) carrier developed through Research and Development Project from NEDO by Mitsui O.S.K. Lines, Ltd. (MOL). MOL has launched research and development (R&D) on the adoption of a large-scale liquefied CO2 carrier, in response to a call for proposals by Japan's New Energy and Industrial Technology Development Organization (NEDO) to complete the conceptual design, under a project en...

In Zurich, industry pioneers from across the global maritime value chain came together to launch the All Aboard Alliance, which will provide a platform for collaborative action to make the maritime industry more diverse, equitable, and inclusive. Global seaborne trade The backdrop for setting up the All Aboard Alliance is the fact that global seaborne trade relies on millions of people working in the maritime sector on shore and at sea. In the aftermath of the COVID-19 pandemic and in light o...

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, based in Yokohama, Japan, has completed a conceptual study for the design of an ‘Ammonia/Liquefied CO2 Carrier’, which is capable of transporting both ammonia and liquefied carbon dioxide (LCO2). The extensive study conducted with Mitsui O.S.K. Lines, Ltd. provides the basis for a type of vessel with the potential to become mainstream in the LCO2 carrier market, by flexibly meeting the projected increase in...

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama held a christening and launch ceremony for the SUNFLOWER KURENAI, the first of two large LNG-fueled ferries being built for Mitsui O.S.K. Lines, Ltd. (MOL). The ceremony took place at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The handover is scheduled for December 2022, following the completion of interior work and sea trials. The new v...