Japan's MOL to add more LNG-fuelled bulkers to its fleet

Japanese shipping company Mitsui O.S.K. Lines (MOL) on December 19 announced plans to further expand its fleet with the addition of five new dual-fuel capesize bulkers, capable of burning either LNG or conventional marine fuel oil.

Two vessels will be ordered to Nihon Shipyard Co. and built by Imabari Shipbuilding Co., while three will be constructed by China’s CSSC Qingdao Beihai Shipbuilding Co. Delivery of the vessels is scheduled between 2026 and 2027.

This decision brings the total number of LNG-fuelled capesize bulkers in MOL's fleet to 13, with one vessel already in operation since March 2023. LNG is anticipated to contribute to a significant reduction in carbon dioxide (CO2) emissions (by about 25%), sulfur oxide (SOx) emissions (by 100%), and nitrogen oxide (NOx) emissions (by about 85%), compared to conventional marine fuel oil, the company said.

Aligned with its commitment to environmental sustainability, the MOL Group aims to achieve net-zero greenhouse gas emissions by 2050. The expansion of the LNG-fueled fleet includes various vessel types such as car carriers, bulk carriers, tankers, ferries, and tugboats.