MOL orders car carrier quartet as it plans fleet of 90 LNG-powered vessels by 2030

Japanese shipping giant MOL said it has ordered four LNG-powered ferries car carriers at two compatriot shipbuilders, as part of its plans to have 90 LNG-fueled vessels by 2030.

MOL said on Monday it signed deals with Shin Kurushima Dockyard and Nihon Shipyard to build four 7,000-unit capacity car carriers.

This contract follows an order for four LNG-powered car carriers at the same yards in August last year. Each of the yards will build two vessels.

MOL said it would take delivery of the four new vessels through 2024 to 2025.

The firm did not reveal the price tag of the order.

Compared to conventional marine fuel oil, MOL expects LNG to reduce emissions of carbon dioxide (CO2) by about 25-30 percent and sulfur oxide (SOx) by 100 percent.

In addition, MOL and its partners have recently received basic design approval for a new methane system which they claim would significantly slash emissions from LNG-powered vessels.

The system reduces methane slip by placing a methane oxidation catalyst in an LNG-fueled engine.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

MOL says it will consider both Chinese and Korean yards for new LNG carrier orders

Japan's MOL said it will consider both Chinese and South Korean yards for new orders of liquefied natural gas carriers. This follows recent media reports suggesting that MOL intends to suspend new LNG carrier orders to Chinese shipyards.

MOL orders LNG-fueled VLCC for charter to Idemitsu Tanker

Japan's shipping giant MOL has ordered a new LNG-fueled very large crude carrier (VLCC) to sail under a long-term time charter contract with compatriot Idemitsu Tanker.

ONE plans LNG-powered containership order

Ocean Network Express (ONE), a joint venture of Japan's NYK, MOL, and K Line is eyeing an order for LNG dual-fuel container vessels, according to shipbuilding sources.

MOL’s LNG fleet continues to expand

MOL's large fleet of liquefied natural gas (LNG) tankers expanded to 107 vessels as of the end of March this year.