Latest news with #MitsuiOSKLines
Al Arabiya
22-07-2025
- Business
- Al Arabiya
EU lifts sanctions against three LNG tankers formerly working for Russia
The European Union has lifted sanctions against three tankers managed by Japan's Mitsui O.S.K. Lines that had handled Russia-sourced liquefied natural gas after receiving commitments that they will stop doing so, the European Commission said. The sanctions had been imposed on the tankers North Moon, North Ocean and North Light, which were shipping cargoes from the Yamal LNG plant and had been engaged in ship-to-ship operations near Russia's northern port of Murmansk. The move is part of the EU's 18th package of sanctions against Russia over its actions in Ukraine. On its website, the European Commission said it had removed the three from its list of sanctioned vessels 'following firm commitments that these LNG tankers will no longer engage in the transport of Russian energy (from) the Russian Yamal and Arctic 2 projects for which they had originally been commissioned.' 'This action demonstrates the impact of EU vessel designations, and that vessels can be returned to service following firm commitments.' The tankers were built at the South Korean Hanwha Ocean shipyard last year.
Reuters
22-07-2025
- Business
- Reuters
EU lifts sanctions against three LNG tankers formerly working for Russia
MOSCOW, July 22 (Reuters) - The European Union has lifted sanctions against three tankers managed by Japan's Mitsui O.S.K. Lines (9104.T), opens new tab that had handled Russia-sourced liquefied natural gas after receiving commitments that they will stop doing so, the European Commission said. The sanctions had been imposed on the tankers North Moon, North Ocean and North Light, which were shipping cargoes from the Yamal LNG plant and had been engaged in ship-to-ship operations near Russia's northern port of Murmansk. The move is part of the EU's 18th package of sanctions against Russia over its actions in Ukraine. On its website, the European Commission said it had removed the three from its list of sanctioned vessels "following firm commitments that these LNG tankers will no longer engage in the transport of Russian energy (from) the Russian Yamal and Arctic 2 projects for which they had originally been commissioned". "This action demonstrates the impact of EU vessel designations, and that vessels can be returned to service following firm commitments." The tankers were built at the South Korean Hanwha Ocean shipyard last year.
Sustainability Times
04-07-2025
- 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
03-07-2025
- 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
03-07-2025
- 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.
