As we’ve seen from recent disappointing offshore wind sales in the U.S. Gulf and then in the U.K., energy companies are becoming wary of the investment involved in getting into floating offshore
The world’s largest floating storage and regasification unit (FSRU) vessel, FSRU Challenger, has arrived in Hong Kong. Owned and operated by a joint venture of Mitsui O.S.K. Lines, Ltd. (MOL) and Royal
Brazilian mining giant Vale International and Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) have reached an agreemen that will see two rotor sails retrofitted on a 200,000-dwt class bulk carrier, currently employed under
Vancouver, B.C., based Methanex Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) report that the dual-fuel vessel Cajun Sun has successfully completed the first-ever net-zero voyage fueled by bio-methanol. The Cajun Sun, operated
Mitsui O.S.K. Lines, Ltd. (MOL) is looking to trial the use of liquefied bio-methane (LBM) derived from cattle manure, in LNG-fueled vessels. It has signed a Memorandum of Understanding (MoU) with LBM
ClassNK has issued an Approval in Principle (AiP) for a large ammonia-fueled 210,000 DWT bulk carrier design jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsui & Co., Ltd. The vessel’s
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) has lined up the supply of LNG for the two 199.9 meter long LNG dual-fueled ferries it has on order at the Shimonoseki Shipyard & Machinery
It’s increasingly clear that CCUS (carbon capture, usage and storage) is going to play a major role in global decarbonization and the just-passed Inflation Reduction Act contains substantial funding to support CCUS
A key factor in ensuring safe vessel operation is watchkeeping by seafarers. However, some objects such as fishing boats, buoys and debris, may not be detected by currently available systems such as
Methanex Corporation (TSX:MX) (NASDAQ:MEOH) and Japan’s Mitsui O.S.K. Lines Ltd. have reached an agreement that will see MOL pay $145 million for a 40% minority interest in Methanex’s Waterfront Shipping subsidiary. Vancouver,