https://seatrium.listedcompany.com/news.html/id/2514748

Seatrium Limited has successfully secured multiple contracts worth S$100 million for a range of vessel repairs, retrofits, and upgrades. These agreements, obtained from longstanding partners and clients, are expected to be completed by the first quarter of 2025, reinforcing Seatrium’s standing as a leader in vessel repair, upgrade, and conversion services.

Key projects include two Carbon Capture and Storage (CCS) retrofits for Solvang ASA’s Clipper Eris and MOL’s Nexus Victoria, scheduled for November and December 2024, respectively. These retrofits highlight Seatrium’s commitment to maritime decarbonization by providing cutting-edge solutions to reduce emissions.

Additionally, Seatrium will carry out repairs on a mega yacht from the Middle East, alongside maintenance work on the Paspaley Pearl and Le Jacques Cartier from Compagnie du Ponant. Offshore refit contracts include a jack-up rig for COSL Protector Pte Ltd and a pipelay vessel for McDermott.

Seatrium will also conduct scheduled maintenance and damage repairs on tankers, LNG carriers, container ships, and roll-on/roll-off carriers. The scope of work includes significant steel renewal projects, notably for a vessel damaged in a collision. The projects collectively reflect Seatrium’s diverse capabilities and leadership in delivering comprehensive maritime solutions.

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Our team of highly qualified shipping and maritime logistics experts comes with significant local-knowledge, and resources, and our passion to service the maritime industry results in ongoing services development to ensure top operational performance.

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https://splash247.com/mol-tipped-for-fsru-order-at-hanwha-ocean/

Hanwha Ocean, a leading shipbuilder specializing in floating storage and regasification units (FSRUs), has announced the securing of a new contract from an undisclosed Asian client. The agreement, valued at approximately $413 million, was confirmed on Tuesday. While Hanwha Ocean has not publicly named the client, industry sources have indicated that the Tokyo-based shipping conglomerate, Mitsui OSK Lines (MOL), is likely the entity behind the order.

The project is set to expand Hanwha Ocean’s expertise in the FSRU sector, where it already has experience in delivering 12 similar units. According to the contract details, the newly ordered FSRU is slated for completion and delivery by October 2027. Upon delivery, the unit is expected to enter into a long-term charter agreement with Singapore LNG, a state-controlled terminal operator that plays a key role in the region's energy infrastructure.

The deal, if confirmed to involve MOL, would reinforce the Japanese shipping giant’s strategic investments in LNG-related assets. This move aligns with MOL’s broader objectives to expand its footprint in the global LNG market and support the growing demand for cleaner energy solutions in the Asia-Pacific region.

Image credit: MOL

Mitsui O.S.K. Lines, Ltd. (MOL) has achieved a significant milestone with the awarding of an Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for their innovative membrane LNG carrier design incorporating the Wind Challenger system. This pioneering design, developed in collaboration with Hanwha Ocean Co., Ltd., marks the first global approval for an LNG carrier equipped with a Wind-Assisted Propulsion System.

The LNG carrier, boasting a cargo tank capacity of 174,000 cubic meters, is engineered to access LNG terminals globally. It features two Wind Challenger sails, with detailed design work currently in progress for a new LNG carrier commissioned by MOL from Hanwha Ocean, targeting practical installation.The approval follows a comprehensive risk assessment conducted by MOL, Hanwha Ocean, and ClassNK. This evaluation meticulously considered factors such as sail placement, visibility impact, emergency operation procedures, and overall safety measures, ensuring robust safety standards.

https://www.offshore-energy.biz/mol-takes-delivery-of-new-lng-powered-pctc-turquoise-ace/

Mitsui O.S.K. Lines (MOL) has recently taken delivery of the Turquoise Ace, a new pure car and truck carrier (PCTC) powered by liquefied natural gas (LNG). Constructed by Imabari’s Tadotsu Shipyard, the vessel was delivered on July 12, 2024. The Turquoise Ace boasts a capacity of 7,000 CEU (Car Equivalent Units), with dimensions measuring 199.9 meters in length, 38 meters in width, and 22.8 meters in depth.

Equipped with a 6S60ME-C10.5-GI main engine from German manufacturer MAN Energy Solutions (MAN ES), the ship utilizes boil-off gas (BOG) generated from its LNG fuel tank. This innovative approach allows the vessel to utilize BOG in its generators and boilers, contributing to its environmentally friendly operation. Classified by classification society ClassNK and registered under the Panama flag, the Turquoise Ace is part of MOL’s new ‘BLUE’ series of LNG-fueled car carriers, reflecting the company’s commitment to sustainability. This initiative underscores MOL’s broader corporate mission to enhance efficiency and reduce environmental impact across its fleet.

Image credit: MOL

TOKYO, Mitsui O.S.K. Lines, Ltd. (MOL), announced the completion of the Green Winds, a 63,896 DWT Ultramax bulk carrier, on July 10. This vessel, built by Oshima Shipbuilding Co., Ltd. is equipped with the Wind Challenger hard sail wind power propulsion system. MOL Drybulk Ltd., an MOL Group company led by President and CEO Koichi Hirata and based in Minato-ku, Tokyo, will operate the new vessel.

The Green Winds is the second in a series of nine MOL Group vessels that will feature the Wind Challenger system, marking it as the world's first crane vessel equipped with this technology. The Wind Challenger, co-developed by MOL and Oshima Shipbuilding, utilizes telescoping hard sails to convert wind energy into propulsive force, potentially reducing fuel consumption and greenhouse gas (GHG) emissions by 7% to 16%, contingent on the ship route and operational conditions.

Aligned with the "MOL Group Environmental Vision 2.2," MOL aims to achieve net zero GHG emissions by 2050. Key strategies include the adoption of energy-saving technologies, with plans to launch 25 vessels equipped with the Wind Challenger by 2030 and 80 vessels by 2035. MOL Group is committed to expanding its environmentally friendly fleet, integrating wind propulsion technology across diverse ship types to enhance safe management and efficient operation, thereby contributing to the decarbonization of the maritime industry and society at large.

https://splash247.com/mol-takes-over-gearbulk-from-kristian-jebsen/

Mitsui OSK Lines (MOL), Japan’s largest shipowner, is poised to take over Gearbulk from Kristian Jebsen in a significant acquisition expected to conclude by January next year.MOL first invested in Gearbulk, the world's largest open-hatch operator, in 1991 by acquiring a 40% stake in the company, which was established in 1968. Over the years, MOL increased its shareholding to 49%, while Jebsen retained the 51% majority stake. Today, MOL announced its plans to further expand its investment, with the company set to hold a 72% stake in Gearbulk by early 2025.

Gearbulk boasts a fleet of 60 vessels, along with several ships currently on order in China. The financial details of this takeover have not been disclosed.This acquisition is part of MOL’s broader strategy of investing in Norwegian maritime assets. In recent years, MOL has acquired stakes in several Norwegian companies, including Odfjell Oceanwind, Larvik Shipping, and AKOFS Offshore. This trend underscores MOL’s commitment to expanding its global footprint and diversifying its portfolio within the maritime industry. MOL's move to increase its stake in Gearbulk reflects the company’s confidence in the growth potential of the open-hatch sector and its strategic importance in the global shipping market.

https://splash247.com/mol-to-invest-heavily-in-wind-propulsion/

Mitsui OSK Lines (MOL), Japan's largest shipowner, has announced a significant expansion of its wind propulsion initiatives, reflecting its confidence in its self-developed Wind Challenger hard sail technology. The company disclosed plans to install the Wind Challenger on an additional seven dry bulk and multipurpose (MPP) carriers. MOL is also exploring the possibility of integrating Anemoi’s Rotorsail technology on some of these vessels in conjunction with the Wind Challenger system.

This expansion builds on MOL’s existing fleet, which includes four ships already equipped with various forms of wind propulsion technology. The Wind Challenger, developed in collaboration with Oshima Shipbuilding, represents MOL’s commitment to sustainable maritime solutions. Additionally, MOL will equip an MPP vessel, slated for delivery next year, with EconoWind’s Ventifoils, further diversifying its wind propulsion capabilities. 

MOL's strategic plan aims to launch 25 vessels with Wind Challengers by 2030 and 80 vessels by 2035. This ambitious initiative positions MOL as a leading investor in wind propulsion technology within the global maritime industry. The company’s dedication to innovative, eco-friendly shipping solutions underscores its role in advancing sustainable practices in maritime operations.

https://www.marinelink.com/news/mol-totalenergies-ink-time-charter-deals-513760

Mitsui O.S.K. Lines (MOL) has entered into a time charter contract for two dual-fuel very large gas carriers (VLGCs) with Chartering and Shipping Services (CSSA), a subsidiary of TotalEnergies. The agreement was facilitated through MOL's subsidiary, MOL Energia.The vessels will be constructed by Hyundai Samho Heavy Industries in South Korea, with delivery scheduled for 2026. These advanced VLGCs will measure 230 meters in length and 32.25 meters in width, boasting a cargo tank capacity of 88,000 cubic meters.

Designed to operate on both liquefied petroleum gas (LPG) and conventional heavy oil, the dual-fuel technology significantly enhances environmental performance. When fueled by LPG, the vessels are expected to reduce carbon dioxide (CO2) emissions by approximately 20%, and sulfur oxides (SOx), particulate matter (PM), and other pollutants by about 90%, compared to traditional heavy oil.Additionally, the ships are equipped to transport ammonia, a next-generation clean energy source that emits no CO2 during combustion. This capability positions MOL to meet the anticipated rise in demand for ammonia as a sustainable energy solution.

https://www.offshore-energy.biz/mol-welcomes-lng-powered-car-carrier-cerulean-ace/

Mitsui O.S.K. Lines (MOL) has taken a bold step towards sustainable shipping with the introduction of its revolutionary 'BLUE' series, a fleet of LNG-fueled car carriers designed to significantly reduce environmental impact while ensuring efficient maritime transport. The unveiling ceremony for the first vessel of the series was held on March 13 at Onishi Shipyard, marking a momentous occasion in Japan's maritime industry.

MOL's decision to select liquefied natural gas (LNG) as the primary fuel for its car carriers reflects the company's commitment to environmental stewardship and carbon footprint reduction. By opting for LNG, MOL aims to achieve substantial emissions reductions, with anticipated decreases of approximately 25-30 percent in carbon dioxide (CO2) emissions, 98 percent in sulfur oxide (SOx) emissions, and 85 percent in nitrogen oxide (NOx) emissions compared to conventional fuel oil-powered vessels.

In addition to its environmental benefits, the 'BLUE' series represents a strategic rebranding effort by MOL, aligning with the company's corporate mission of sustaining people's lives and ensuring a prosperous future. The new name symbolizes MOL's dedication to leveraging the vast blue oceans for the betterment of society and emphasizes its commitment to sustainable shipping practices.

Last year, MOL unveiled the new name and hull color design for its LNG-fueled car carriers, laying the groundwork for the 'BLUE' series. This innovative initiative underscores MOL's leadership in promoting green shipping technologies and advancing the maritime industry towards a more sustainable and eco-friendly future.

https://www.hellenicshippingnews.com/mitsubishi-shipbuilding-holds-christening-and-launch-ceremony-in-shimonoseki-for-lng-fueled-ferry-sunflower-murasaki-built-for-mol/

Mitsubishi Shipbuilding Holds Christening and Launch Ceremony in Shimonoseki for LNG-fueled Ferry “SUNFLOWER MURASAKI” Built for MOL | Hellenic Shipping News Worldwide