MOL Advances Decarbonization Strategy with LCO2 Carrier Framework and LNG Bulker Deliveries

MOL Joins Industry Coalition on LCO2 Carrier Standards

Mitsui O.S.K. Lines joined six major Japanese maritime and shipbuilding companies on December 1, 2025 in signing a Memorandum of Understanding to create a standard design framework for LCO2 carriers and alternative fuel vessels. This coalition includes Mitsubishi Shipbuilding, Imabari Shipbuilding, Kawasaki Kisen Kaisha, Nippon Yusen Kabushiki Kaisha Japan Marine United Corporation Nihon Shipyard Co with MILES Co. Ltd as the platform responsible for designing initial ship designs.

MILES seeks to enhance Japan's international competitiveness in shipbuilding by enabling multiple domestic shipyards to collaborate on functional and production design, using shared initial specifications. MOL, K Line and NYK Line all invested in MILES to facilitate cross-industry collaboration and accelerate decarbonization technologies such as ammonia fuel systems for use by Japanese shipbuilders competing against Chinese and South Korean rivals in alternative fuel vessel markets.

MOL's move aligns with its Blue Action 2035 management plan, which emphasizes sustainable growth and technological innovation within marine transportation. MOL expects this standard design framework to help speed development timelines and lower costs associated with LCO2 carriers - critical infrastructure needed by carbon capture and utilization supply chains that have arisen globally.

MOL Receives Delivery of Fourth LNG-Fueled Mega Bulker

Beihai Shipbuilding and China State Shipbuilding Corporation held a naming ceremony for MOL's fourth 210,000 deadweight ton LNG-fuel bulk carrier on November 5, 2025. This vessel represents MOL's continued commitment to investing in dual-fuel propulsion technology to reduce greenhouse gas emissions across their dry bulk fleet.

MOL's commitment to transitioning its fleet towards cleaner energy sources is evidenced by this LNG-fueled bulker being delivered. LNG dual fuel vessels significantly reduce carbon dioxide and sulfur oxide emissions compared to traditional heavy fuel oil-powered ships, meeting decarbonization objectives while meeting increasingly stringent international environmental regulations.