AsiaLNG as Fuel

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

By LNG Prime Staff
MOL orders car carrier quartet as it plans fleet of 90 LNG-powered vessels by 2030
MOL's Beluga Ace (Image: MOL)

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

Contracts and Tenders

Australia’s Santos strengthens LNG portfolio with new deals

Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.
LNG Terminals

Fluxys: Dunkirk LNG sendout reduced due to strike

France’s Dunkirk LNG import terminal has reduced sendout to the grid on Tuesday due to a strike, according to Belgian LNG terminal operator Fluxys.
Contracts and Tenders

Sempra Infrastructure, Petrobras ink 20-year Port Arthur LNG SPA

Brazil’s state-owned energy firm Petrobras has signed a long-term deal with US LNG exporter Sempra Infrastructure, a unit of Sempra, to buy LNG from the second phase of the Port Arthur LNG project in Texas.

More News Like This

Vessels

Hanwha Ocean launches Singapore’s first FSRU

South Korean shipbuilder Hanwha Ocean has launched MOL’s floating storage and regasification unit (FSRU), which will serve Singapore’s second LNG import terminal.
Vessels

MOL names first LNG carrier equipped with sails

Japan's MOL has named what it says is the world’s first LNG carrier equipped with a wind-assisted propulsion system.
Corporate

Japan’s MOL merges six ship management companies into one entity

Japanese shipping giant MOL, owner of a large LNG carrier fleet, has merged six of its ship management companies...
Vessels

MOL expects to have 111 LNG carriers in its fleet by March 2027

Japan's shipping giant MOL still expects to have 111 liquefied natural gas (LNG) carriers in its fleet by March 2027.