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MOL to expand its fleet with five LNG dual-fuel Capsize bulker newbuildings

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Two of the vessels will be ordered to Nihon Shipyard and built by Imabari Shipbuilding and three will be built by China-based CSSC Qingdao Beihai Shipbuilding.
MOL to expand its fleet with five LNG dual-fuel Capsize bulker newbuildings

Mitsui O.S.K. Lines, Ltd. (MOL) on Tuesday (19 December) announced that it has decided to expand its fleet with the additional five new LNG dual-fuel Capesize bulkers, which can burn either LNG or conventional marine fuel oil.

Two of the vessels will be ordered to Nihon Shipyard Co., Ltd. and built by Imabari Shipbuilding Co., Ltd. and three will be built by China-based CSSC Qingdao Beihai Shipbuilding Co., Ltd. 

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The vessels are slated for delivery from 2026 to 2027. Including these five vessels, MOL will add a total of 13 LNG-fueled Capesize bulkers in their fleet.

Among them, MOL has been operating one vessel since March 2023 and has supplied LNG bunker fuel to it.

The firm has been expanding its LNG-fuelled fleet, with car carriers, bulk carriers, tankers, ferries, and tugboats. 

“The Group will further expand the adoption of LNG-fuelled vessels as an initiative that it can take immediately, and accelerate its efforts to reduce total GHG emissions,” it added.  

Photo credit: Mitsui O.S.K. Lines
Published: 21 December, 2023