Mitsui O S K Lines : 2024/03/22 MOL Coastal Shipping to Start Concept Study on Large Coastal Ammonia Carrier - Aiming to Develop New Sustainable Ship Type that Meets Customer Needs, Addresses Environmental Issues and Crew Shortages

Top Page >Information > MOL Coastal Shipping to Start Concept Study on Large Coastal Ammonia Carrier - Aiming to Develop New Sustainable Ship Type that Meets Customer Needs, Addresses Environmental Issues and Crew Shortages -

March 22, 2024

TOKYO-MOL Coastal Shipping, Ltd. (President: Hiroshi Kobayashi: Head Office: Minato-ku, Tokyo), a group company of Mitsui O.S.K. Lines, Ltd. (MOL), has joined forces with Asahi Tanker Co., Ltd. (President: Shigekazu Haruyama; Head Office: Chiyoda-ku and IKOUS Co., Ltd. (President: Tsuyoshi Unegochi; Head Office: Shunan-shi, Yamaguchi) on a concept study of a large coastal ammonia carrier, with an eye toward launching the vessel by 2028-2029. The idea behind the project is to ensure the capability of using a single vessel to transport large quantities of ammonia, which has huge potential as a decarbonized energy source.

At this time, ammonia is currently mainly used as a raw material for fertilizers, and its shipping volume is limited, but, in light of the trend toward decarbonization, demand for ammonia is growing worldwide as a next-generation clean energy source that does not emit carbon dioxide during combustion. A sharp increase in demand is also expected in Japan, where ammonia is transported secondarily by coastal shipping to electric power utilities and other consumers after being imported by ocean-going vessels. Currently, ammonia is transported in coastal vessels with a capacity of about 1,000m³, but in view of the economic efficiency and the shortage of seafarers, which has recently become a challenge for the maritime industry, the introduction of large (10,000m³ class) coastal ammonia carriers is considered an effective solution.

In addition to stable and safe transport by Japan's first large coastal vessel, this concept study will pursue "hull form development" that covers the three needs of GHG reduction, versatility, and smooth cargo handling, while focusing on the three pillars of "sustainability": labor-saving, safety, and wellbeing. MOL will provide technical assistance on labor saving and safety, Asahi Tanker its experience in operating coastal tankers including the next-generation all-electric tanker, and IKOUS its expertise in ship management for ammonia coastal vessels, aiming to build a vessel that will be appreciated not only by customers but also by the crewmembers working onboard.

As an MOL Group company, MOL Coastal Shipping will contribute to customers' initiatives to build an ammonia supply chain through collaboration between ocean and coastal shipping. In addition, by pursuing decarbonization in its business activities, the company will contribute to the commercialization of an environmentally friendly energy resource and the realization of a carbon-neutral society.

[Outline of concepts to be studied in the future]

MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Environment -Conservation for Marine and global environment-" and "Innovation -Innovation for development in marine technology-".