MOL signs agreement with KEPCO to build dual-fuelled bulk carrier

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has announced it has signed a basic agreement with Kansai Electric Power Co (KEPCO) to build a dual-fuelled bulk carrier that can burn either conventional marine fuel oil or liquid natural gas (LNG). It will be constructed at Oshima Shipbuilding Co.

MOL said the vessel will be engaged in overseas coal transportation for the Maizuru Power Station in addition to an ongoing contract, and is slated for delivery in the second half of 2026.

This newbuilding bulk carrier will be MOL’s 17th LNG-fuelled ocean-going vessel. The company said it will will further expand the introduction of LNG-fueled vessels as an initiative that can be taken immediately, and accelerate its efforts to reduce total GHG emissions.