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

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

KARMOL takes delivery of fourth FSRU

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has taken delivery of its fourth floating storage and regasification unit in Singapore.

KARMOL’s FSRU named in Singapore

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has named its latest floating storage and regasification unit at Seatrium's yard in Singapore.

MOL’s LNG carrier to feature SOFC tech

Japan's MOL and South Korea's Samsung Heavy Industries have received approval from classification society LR for the design of a 174,000-cbm LNG carrier integrating solid oxide fuel fell (SOFC) technology.

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.