Latest news with #MitsuiOSKLines
Sustainability Times
2 days ago
- Business
- Sustainability Times
'This Ship Shouldn't Exist': Japan's Shocking Launch of World's First Dual LCO2 and Methanol Supercarrier Redefines Everything
IN A NUTSHELL 🚢 Mitsui OSK Lines and Mitsubishi Shipbuilding have launched a revolutionary dual-purpose vessel. and have launched a revolutionary dual-purpose vessel. 🌊 The ship can transport both liquefied carbon dioxide and methanol , promoting a circular and low-emission maritime economy. and , promoting a circular and low-emission maritime economy. 🔋 Synthetic methanol, produced from captured CO2, is gaining traction as a clean marine fuel. 🔧 The vessel's design received the world's first Approval in Principle for such a dual-purpose carrier, highlighting its groundbreaking potential. In a groundbreaking development for the maritime industry, Mitsui OSK Lines (MOL) and Mitsubishi Shipbuilding have unveiled a revolutionary vessel concept that sets a new standard for sustainability and efficiency. This innovative carrier is capable of transporting both liquefied carbon dioxide (LCO2) and methanol, marking a significant leap forward in the quest for a greener maritime economy. The design recently received the world's first Approval in Principle (AiP) from classification society ClassNK, highlighting its potential to reshape the shipping landscape. As the world grapples with climate change, this dual-purpose ship offers a promising solution to reduce emissions and promote a circular carbon economy. The Dual-Purpose Carrier: A Game Changer in Maritime Transport The introduction of this dual-purpose carrier represents a pivotal moment in the maritime sector. Designed with a keen focus on efficiency and sustainability, the vessel is a testament to innovative engineering. By carrying LCO2 on outbound routes and synthetic methanol on the return journey, it eliminates the inefficiency of empty ballast trips, thereby maximizing operational efficiency. This approach not only reduces emissions but also supports a more circular maritime economy by integrating carbon capture and recycling processes into its operations. As the shipping industry faces increasing pressure to reduce its carbon footprint, the dual-purpose carrier offers a pragmatic and forward-thinking solution. It effectively addresses the need for cleaner ocean transport while fostering the development of a low-emission maritime economy. By integrating carbon capture, utilization, and storage (CCUS) technologies, the vessel embodies a holistic approach to sustainability that could inspire future innovations in the industry. 'They Gave the Drone an Elephant Trunk': Flexible Robot Arm Grabs, Bends, and Slips Into Tightest Spaces With Shocking Precision Synthetic Methanol: The Fuel of the Future Synthetic methanol, produced from captured CO2, is gaining traction as a clean marine fuel. This development is particularly timely as the world seeks alternatives to traditional fossil fuels. The dual-purpose carrier's ability to transport synthetic methanol underscores its role in advancing sustainable fuel solutions within the maritime sector. The use of synthetic methanol not only reduces emissions but also recycles carbon, making it a compelling option for the shipping industry. The growing interest in synthetic methanol highlights its potential as a key player in the transition to cleaner energy sources. By enabling the transportation of this promising fuel, the dual-purpose carrier facilitates the widespread adoption of low-carbon technologies that are essential for achieving global climate goals. As shipping companies strive to align with international emissions targets, the integration of synthetic methanol into maritime operations could serve as a catalyst for broader environmental change. 'Ferrari Goes Full Sci-Fi': This 100-Foot Racing Yacht Has No Engine and Moves Like Nothing You've Ever Seen Technical Innovations: The Backbone of the Dual-Purpose Carrier The dual-purpose carrier is built on a low-pressure LCO2 carrier framework and has been modified to meet the technical demands of transporting both liquefied CO2 and methanol. This technical innovation ensures that the vessel remains a flexible and forward-looking asset in the move toward cleaner ocean transport. The modifications made to accommodate both cargo types highlight the vessel's adaptability and potential to serve a variety of maritime needs. These technical enhancements demonstrate the shipbuilders' commitment to pioneering environmentally-friendly solutions that balance performance with sustainability. By addressing the complexities of transporting dual cargoes, the vessel sets a new benchmark for versatility in the shipping industry. As a result, it offers shipping companies a unique opportunity to optimize their operations while contributing to global efforts to mitigate climate change. 'China Unleashes Flying Bike': Futuristic Hoverbike Hits 44.7 MPH and Flies 31 Miles in Shocking Public Debut The Road Ahead: Implications for the Shipping Industry The introduction of this dual-purpose carrier has far-reaching implications for the shipping industry. It not only sets a precedent for future vessel designs but also signals a shift toward more sustainable maritime practices. The vessel's dual benefit of reducing emissions and recycling carbon positions it as a viable solution to some of the industry's most pressing environmental challenges. As the world continues to prioritize sustainability, the shipping industry must adapt to evolving demands for cleaner transport solutions. The dual-purpose carrier serves as a model for how innovation can drive positive change in traditional sectors. This groundbreaking vessel raises important questions about the future of maritime transport: How can the industry further integrate sustainable technologies to accelerate the transition to a low-emission economy? Our author used artificial intelligence to enhance this article. Did you like it? 4.5/5 (23)
Reuters
3 days ago
- Business
- Reuters
India's ONGC signs deal with Japan's Mitsui OSK to build ethane carriers
July 3 (Reuters) - India's Oil and Natural Gas (ONGC) ( opens new tab said on Thursday it has signed an agreement with Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL) (9104.T), opens new tab, to build and operate two ethane carriers.
CNA
3 days ago
- Business
- CNA
India's ONGC signs deal with Japan's Mitsui OSK to build ethane carriers
India's Oil and Natural Gas (ONGC) said on Thursday it has signed an agreement with Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL), to build and operate two ethane carriers.
NHK
24-06-2025
- Business
- NHK
Japanese shipping firms direct vessels to minimize time in Persian Gulf
Two major Japanese shipping companies have directed their vessels to minimize time spent in the Persian Gulf before passing through the Strait of Hormuz. NYK Line and Mitsui O.S.K. Lines say that they have issued the direction following US strikes against Iran's nuclear facilities. Mitsui O.S.K. Lines currently has around 15 vessels in the Persian Gulf, including tankers carrying oil and natural gas. NYK Line usually operates around 20 tankers and automobile carriers in the gulf. Mitsui O.S.K. says its most experienced captains are monitoring waters in the Middle East around the clock from a safety operations support center at its Tokyo head office.
Reuters
23-06-2025
- Business
- Reuters
Japanese ships transiting Strait of Hormuz to minimise time in Gulf
TOKYO, June 23 (Reuters) - Japan's Nippon Yusen (9101.T), opens new tab and Mitsui O.S.K. Lines (9104.T), opens new tab said on Monday they have instructed their vessels to minimise the time spent in the Gulf as they continue to transit the Strait of Hormuz following the U.S. strikes on Iranian nuclear facilities. The shipping companies said they are closely monitoring the situation and sharing updates with ships operating in the region. "We are instructing our vessels to shorten their time in the Persian Gulf whenever possible, depending on their schedules," a Nippon Yusen spokesperson said. "We will make decisions on each vessel's passage through the Strait of Hormuz on a flexible basis," he added. MOL's safety operation supporting centre in Tokyo has stepped up 24-hour surveillance, a company spokesperson said. "We are advising vessels operating in the area to exercise maximum caution and providing them with latest information," he said, adding that their vessels have also been instructed to minimise the time in the Gulf. President Donald Trump said the U.S. had "obliterated" Iran's main nuclear sites in strikes over the weekend, joining an Israeli assault in an escalation of the conflict in the Middle East as Tehran vowed to defend itself. Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure. Iran has long used the threat of closing the Strait, through which around 20% of global oil and gas demand flows, as a way to ward off Western pressure which is now at its peak following the U.S. strikes.
