Sunday, January 9, 2022

Japanese shipping major Mitsui O.S.K. Lines (MOL) Is Going With LNG Powered Ships

 From Offshore Energy, January 6:

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.

The plans were revealed by MOL President & CEO Takeshi Hashimoto in his “2022 New Year Online Message” on 4 January 2022.

“We are progressing toward the introduction of LNG-fueled vessels, which is the most effective measure to reduce GHG emissions at the present moment, and introduced our plan to expand the fleet to 90 vessels by 2030,” Hashimoto said....

....MUCH MORE

Although nowhere near as large as CMA CGM's bet on LNG, Mr. H. is correctabout what is effective, right now.