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    Japan's MOL orders six large LNG-fuelled vessels

Summary

It has ordered four Capesize bulkers and two very large crude carriers which will use LNG as their main fuel.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Gas for Transport, News By Country, Japan

Japan's MOL orders six large LNG-fuelled vessels

Japanese shipping major Mitsui OSK Lines (MOL) on August 25 announced its intent to build four Capesize bulkers and two very large crude carriers (VLCC), which will use LNG as their main fuel, and signed deals for construction with shipbuilding companies.

The company signed a deal for the construction of four 210,000 dwt-class Capesize bulkers with China’s CSSC Qingdao Beihai Shipbuilding. The new ships are slated for delivery in succession from 2025 through 2026.

MOL also concluded a contract for the construction of two 309,000 dwt-class VLCCs with Kawasaki Heavy Industries. The carriers will be built by Dalian COSCO KHI Ship Engineering in China, which is jointly operated by KHI and China COSCO Shipping Corporation. The VLCCs are scheduled for delivery from 2025 through 2026.

In June 2021, MOL said it is aiming to achieve net-zero emissions by 2050. The company plans to launch about 90 LNG-fuelled vessels by 2030. It has ordered 16 ocean-going LNG-fuelled vessels which include these capesize bulkers and VLCCs, in addition to car carriers, bulkers, and six coastal vessels which are ferries, tugboat, and coastal cargo vessel.