MOL reached an agreement with Nihon Shipyard and Shin Kurushima Dockyard to build four 7,000-unit capacity car carriers that will use LNG as their main fuel.
The vessels are the second series following four LNG-fueled car carriers, which are slated for delivery in 2024. The newly ordered ships are scheduled for delivery in succession, through 2024 to 2025. This will bring the company’s total orders for LNG-fueled car carriers to eight.
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Compared to conventional marine fuel oil, LNG is expected to reduce emissions of carbon dioxide (CO2) which is a greenhouse gas (GHG), by about 25%-30% and sulfur oxide (SOx) by 100%.
In June 2021, MOL established “MOL Group Environmental Vision 2.1” as a guide to achieve net zero GHG emissions by 2050. The company plans to launch about 90 LNG-fueled vessels by 2030, under its strategy calling for “Adoption of Clean Alternative Fuels” to achieve that target.
MOL continues to accelerate its initiatives on adoption of clean alternative fuels for vessels including the building of additional LNG-fueled car carriers, other LNG-fueled vessel projects in which the MOL Group has engaged, bio fuel and research on the use of ammonia etc., and is committed to reducing its GHG emissions
MOL stated.
