MOL Group Earns 2 Awards in 'Ship of the Year 2022'

Member Updates,

Mitsui O.S.K. Lines, Ltd. (“MOL”) was named for two awards in the Ship of the Year 2022. The Shofu Maru, the world's first coal carrier equipped with the Wind Challenger hard sail wind propulsion system, received the 'Ship of the Year 2022,' and Japan's first LNG-fueled ferry, the Sunflower Kurenai, received 'Large Passenger Ship Sector Award.'

Presented annually by the Japan Society of Naval Architects and Ocean Engineers, the Ship of the Year Awards are given to outstanding vessels or offshore structures built in the past year, based on technical, artistic, and social considerations. This marks the 33rd year of the event.

This is MOL's seventh Ship of the Year Award, and the first time in three years that a MOL Group operated ship has won since the 2019 LNG-fueled tugboat Ishin.

The Shofu Maru, owned and operated by MOL, is a 100,000 DWT coal carrier equipped with the Wind Challenger hard sail system and transport coal mainly from Australia, Indonesia and North America as a dedicated vessel for Tohoku Electric Power Co. The vessel earned high marks for its significant reduction of greenhouse gas (“GHG”) emissions by directly using wind power as a propulsion force, and for the development and implementation of ancillary equipment such as a fully automated control system that maintains the sail in an optimal state according to ocean weather conditions and the weather routing system that suggests the best route for the vessel.

The Sunflower Kurenai, owned by MOL and operated by its group company Ferry Sunflower Limited, is Japan's first LNG-fueled ferry, which reduces environmental impact and furthers Japan's efforts toward a modal shift in cargo transport. It also opens up new horizons for the MOL Group's Casual Cruise concept.

In particular, the vessel was highly regarded for its stable LNG-fueled operation, which not only reduces GHG emissions, but also contributes to the reduction of environmental impact in coastal and port waters, and for its contributions to LNG infrastructure development, which has a limited track record in Japan. The fact that LNG fueling was achieved on the familiar and historic Osaka-Beppu route was also recognized, not only for its immediate effects, but also for its role in raising awareness of the need to reduce environmental impact.

MOL has set a target of achieving net zero GHG emissions for the entire MOL Group by 2050 under the "MOL Group Environmental Vision 2.2". It will reduce impacts on the global environment through various initiatives including use of wind power and adoption of clean alternative fuels with concerted efforts throughout the Group.

MOL will leverage its experience and expertise as one of the world's largest shipping companies to develop various social infrastructure businesses, technologies, and services, centering on ocean transport, to meet the needs of a wide range of customers throughout the group. It aims to become a global social infrastructure company, a strong and resilient corporate group that supports people's daily lives from the blue oceans, ensures a prosperous future, and delivers new value to all of its stakeholders.