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MOL to procure vessel for woody biomass transport

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Mitsui O.S.K. Lines (MOL) has announced plans to procure a newbuilding Panamax bulker to transport woody biomass for energy as its main cargo, in light of increased demand.

The new vessel’s specifications are in pre-compliance with the Energy Efficiency Design Index - the environmental regulations that will be adopted in 2025.

The specifications also call for reinforced mooring equipment and a wide-opening hatch design to boost the efficiency of cargo handling. The vessel will be more suitable for the transport of woody biomass for energy for Japanese power companies and is slated for delivery at Oshima Shipbuilding Co in 2023.

The MOL Power Solution & Carbon Project Division is in charge of the business operation for the new vessel, provision of transport plans, and ship operation. The division was established in April to meet customers’ diversified needs, including Japanese power companies, and offer decarbonisation solutions, as well as transporting conventional fuels.

The new vessel will expand MOL’s capabilities to serve firms that need woody biomass for energy and complement the 10,000-80,000 tons of ocean-going and coastal dry bulk carriers operated by MOL Drybulk.

In March, MOL partnered with Enviva to develop an environmentally-friendly bulk carrier. Under the agreement, the two companies will aim to reduce greenhouse gas emissions in the ocean transportation of sustainable wood pellets.