Mitsui OSK Lines’ CEO Jotaro Tamura warned that disruptions in the Strait of Hormuz will persist longer than anticipated. Escalating attacks pose heightened risks for oil tankers. While initial recovery plans were optimistic, the situation requires improved safety assurances before resuming regular transit, as Japanese refiners adjust their sourcing strategies.
Mitsui O.S.K. Lines (MOL) has expanded its fleet with the addition of the “Green Sachi,” a very large gas carrier reflagged to India. Operated by MOL (India) PVT LTD, which now owns 11 tankers, this move strengthens its presence in India’s shipping market, particularly at Gift City, a financial hub.
Shipping giant Mitsui OSK Lines (MOL) has teamed up with Climeworks to remove 13,400 metric tons of CO2 by 2030, marking the first collaboration between Climeworks and a maritime company. This partnership aims to scale up carbon removal capacity and achieve net-zero emissions by 2050, aligning with global climate objectives.
Mitsui O.S.K. Lines (MOL) has acquired 72% of Gearbulk’s shares, expanding its fleet to 338 vessels. Gearbulk is now MOL’s subsidiary, solidifying their 34-year partnership. Gearbulk’s expertise in transporting pulp will enhance MOL’s position as a world leader in the dry bulk fleet industry. Synergies between the two companies will drive growth and efficiency.
Improved low-emission navigation on vessels equipped with single-fuel engines running on MGO or LSMGO can reduce CO2 emissions by three percent compared to VLSFO-powered vessels. With a goal of achieving net zero emissions by 2050, MOL leverages modern connectivity for real-time monitoring of ship operations at sea and on land.
