Japan’s Mitsui O.S.K. Lines (MOL) announced that three vessels transiting the Strait of Hormuz in April refused to pay proposed tolls, adhering to international navigation laws. MOL’s commitment to legal navigation practices remains firm, despite Tehran’s toll suggestions amid ongoing tensions. The company emphasizes crew and cargo safety during transit.
Mitsui O.S.K. Lines (MOL) is enhancing its wind-assisted propulsion initiative with the “Wind Challenger” system, developed in collaboration with Oshima Shipbuilding. This rigid sail adjusts to real-time wind conditions, aiming to reduce GHG emissions. MOL plans to retrofit 25 vessels by 2030 and achieve net-zero emissions by 2050.
Mitsui O.S.K. Lines (MOL) has received approval in principle from ClassNK for a liquefied CO2 carrier designed with wind-assisted propulsion. Developed with Samsung Heavy Industries, the vessel will transport 40,000 cubic meters of CO2 using three Wind Challenger units, enhancing fuel efficiency and reducing emissions in carbon capture efforts.
Mitsui O.S.K. Lines (MOL) has welcomed the delivery of the Energia Grandeur, a new LPG dual-fuel very large gas carrier. Commissioned by MOL Energia and built by Hyundai Samho Heavy Industries, the vessel will operate under a time charter with TotalEnergies, significantly reducing emissions while transporting ammonia.
Mitsui O.S.K. Lines (MOL) has received approval in principle from ClassNK for specialized vessels designed for subsea power cable jointing and burial. This project, in collaboration with Sumitomo Electric, Furukawa Electric, and NYK Line, aims to enhance power transmission integrity, particularly for offshore wind energy connections in Hokkaido.
Mitsui O.S.K. Lines, Ltd. (MOL) and Shipping Corporation of India Ltd. (SCI) have signed a memorandum to collaborate in the tugboat sector, enhancing India’s port operations and promoting eco-friendly maritime services. This partnership will leverage MOL’s expertise in safety and alternative fuel technologies to support India’s Green Tug Transition Program.
Mitsui O.S.K. Lines (MOL), Japan’s second-largest shipping company, is exploring partnerships with Indian firms to locally manufacture tankers. This initiative supports India’s efforts to enhance domestic maritime manufacturing. The Indian government is modernizing maritime laws and investing heavily in shipbuilding to strengthen self-sufficiency in the sector by 2047.
Japanese shipping giant Mitsui O.S.K. Lines (MOL) is partnering with Oil and Natural Gas Corporation (ONGC) to build and operate two very large ethane carriers (VLECs), ensuring stable feedstock supply for ONGC Petro Additions Ltd. (OPaL) in Dahej, Gujarat. Each carrier will cost approximately $370 million, with delivery expected by mid-2028.
Mitsui O.S.K. Lines (MOL) is partnering with Innovative Space Carrier and Tsuneishi Solutions TokyoBay to develop an offshore rocket launch and recovery vessel. This initiative, part of MOL’s ‘MOL Incubation Bridge’ program, aims for commercialization by 2030, enhancing rocket launch frequency and contributing to next-generation space transport infrastructure.
Mitsui O.S.K. Lines (MOL) and Kinetics are innovating to address the global data center shortage by converting vessels into mobile data centers. This initiative aims to utilize shore power, providing a cost-effective solution amidst rising demand from AI advancements. The collaboration plans to begin vessel conversions in 2026, with operations in 2027.
Mitsui O.S.K. Lines and Samsung Heavy Industries are developing an innovative LNG carrier, recently receiving Approval in Principle from Lloyd’s Register. Featuring a 174,000 cbm capacity and a 300kW Solid Oxide Fuel Cell system, the vessel aims to reduce greenhouse gas emissions, supporting maritime decarbonization efforts by 2027.
Inmarsat Maritime has partnered with Mitsui O.S.K. Lines (MOL) to upgrade its fleet to the NexusWave service, enhancing digitalization with robust satellite connectivity. This transition aims to transform vessels into connected offices, offering high speeds, reliability, and enterprise-grade cybersecurity. Recent tests show impressive download speeds, ensuring seamless communication at sea.
Mitsui O.S.K. Lines (MOL), under President and CEO Takeshi Hashimoto, is launching “OceanCare” on May 1, 2025. This initiative aims to enhance seafarers’ mental health by providing confidential resources. In partnership with the Mission of Seafarers UK, it introduces a welfare officer for personalized support, prioritizing crew well-being at sea and home.
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.
