Mitsui O.S.K. Lines Ltd. (MOL), Tokyo, said on May 18 it has decided to re-enter the ammonia transport business with the Green Pioneer, a 35,000 cbm-type ammonia/LPG carrier, and signed a time charter contract with Trammo Inc., New York City. MOL was active in the ammonia transport business until 2016; this contract marks its re-entry into the field.
MOL said it has the world’s largest LNG fleet, which is also positioned for growth as a low-carbon fuel, and has been deeply involved in LNG value chains through its powership and FSRU businesses.
The MOL Group said it will steadily accumulate a track record in the safe, reliable transport of ammonia and hydrogen, which are expected to be in high demand as fuel in the future, and contribute to the realization of a decarbonized society through proactive participation in a broad range of value chains.