ShippingWatch

MOL to transport coal on board wind-powered vessel

In an effort to reduce its climate footprint, MOL has entered an agreement with Tohoku Electric Power to transport coal using a wind-powered vessel.

Archive photo not related to the sail in question. | Photo: MOL Mitsui OSK Lines PR

MOL plans to reduce its greenhouse gas emissions by installing a hard sail propulsion system relying on wind as a propellant on board a ship that is used to transport coal.

Specifically, the company expects a reduction of 5 percent on its route between Japan and Australia and an approximate reduction of 8 percent on the route between Japan and North America, says Mitsui O.S.K Lines in a press release.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Multipurpose market red-hot but short on capacity

With acute shortages of capacity, bottlenecks and ensuing delays have continued to affect the multi-purpose sector, where containers are lucrative goods. The rates are currently record high, according to an analysis from Toepfer Transport.

Further reading

Related articles

Trial banner

Latest news

See all jobs