Mitsui O.S.K. Lines Co., Ltd.
Concluded a time charter contract with TotalEnergies for two new LPG-fueled “LPG/ammonia carriers”
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MOL ENERGIA PTE. LTD. (President: Miki Ogura, Headquarters:
Singapore), a group company of Mitsui O.S.K. Lines, Ltd. (President: Tsuyoshi Hashimoto, Headquarters: Minato-ku, Tokyo, hereinafter referred to as the “Company”), is a CSSA subsidiary of TotalEnergies. Chartering and Shipping Services SA (hereinafter referred to as “CSSA”) and two newly built LPG (Liquid Petroleum Gas) dual fuel VLGC (Very Large Gas Carriers) vessels (hereinafter referred to as “the vessels”). We have signed a contract. The vessel will be built by Hyundai Samho Heavy Industries Co., Ltd. in South Korea and is scheduled for completion in 2026.
This vessel is a dual fuel vessel that uses LPG and heavy oil. When LPG is used as fuel, CO2 emissions can be reduced by approximately 20% and SOx, PM, etc. by approximately 90% compared to heavy oil. Additionally, it is designed to be able to transport not only LPG but also ammonia. Ammonia, which does not emit carbon dioxide when burned, is expected to see a large-scale increase in demand in the future as a next-generation clean energy.
We have built a good relationship with TotalEnergies in many areas, including trading marine oil and signing long-term charter contracts for LNG carriers and LNG bunkering vessels. Through the conclusion of this charter contract, we will build an even stronger partnership. Our group positions environmental strategy as one of the main strategies in our management plan “BLUE ACTION 2035”
https://ir.mol.co.jp/ja/ir/management/plan.html and “MOL Group Environmental Vision 2.2”. We have set a goal of achieving net zero emissions by 2050. The entire group will continue to work together to achieve net zero emissions and contribute to the realization of a low-carbon, decarbonized society.
[Image: https://prtimes.jp/i/92744/195/resize/d92744-195-aff7af1c206debf68ad3-0.jpg&s3=92744-195-8840440f54b47a3d6abe5ad8e19c7100-1801×393.jpg] -TotalEnergies company profile-
A multinational energy company headquartered in France that produces and supplies oil, biofuels, natural gas, green gas, renewable energy and electricity. TotalEnergies has more than 100,000 employees working in the energy business to bring affordable, environmentally friendly energy to as many people as possible. In more than 130 countries, TotalEnergies works on sustainable development projects to enrich people’s lives.
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