Mitsui O.S.K. Lines (MOL) and Shell Marine Products Singapore have agreed to develop alternate maritime solutions and control carbon emissions well. Meanwhile, MOL has also joined Washington Maritime Blue (WMB) to promote sustainability in shipping.
pecifically, the MoU between MOL and Shell Marine Products Singapore includes efforts to spearhead research initiatives. As part of the agreement, the two companies will look to jointly conduct trials to explore the viability of bio- and synthetic fuel options as realistic decarbonisation pathways. Additionally, the companies will also explore the effectiveness of these fuels in the context of carbon markets.
With this MoU, we will focus on joint studies in understanding the impact from different regulatory environments as well as exploring possible pathways for the successful decarbonisation of the shipping industry.
… said Melissa Williams, President of Shell Marine
According to MOL, the collaboration also offers an opportunity for Shell and MOL to work together to engage the industry and its stakeholders on strategic policy issues, combining their dual perspectives with the purpose of understanding and exploring practical implementations for compliance measures.
We are pleased to execute this MOU with Shell, one of the most prominent companies leading the decarbonisation in the shipping society. We believe this MOU will be an important step for both businesses to drive impactful change in the industry.
… commented Kazuhiro Takahashi, Executive Officer at MOL
On the other hand, MOL has become the first Japanese shipping company to join Washington Maritime Blue (WMB), a non-profit strategic alliance for a sustainable maritime industry.
WMB membership encompasses more than 150 maritime organizations such as port authorities, port management companies, tugboat companies, classification societies, industry associations, research institutes, and government agencies as well as shipping companies, plus more than 50 start-up companies specializing in cutting-edge maritime technologies.
It is forming clusters that accelerate innovation in maritime-related technologies and promote the Blue Economy, by connecting across corporate and organizational boundaries and building a broad and diverse network.
MOL will contribute to the development of this cluster by leveraging the technological expertise and know-how it has accumulated over the years in the ocean transport and offshore businesses.
The company will provide technology demonstration opportunities for stakeholders in the cluster, especially start-ups, and broadly explore potential strategic partnerships and collaborations.
Together we will work to advance and accelerate ocean-based climate solutions, including maritime decarbonization, digitalization, renewable energy, ocean health, and more
… said WMB CEO, Joshua Berger