Mitsui O.S.K Lines (MOL) has unveiled plans to accelerate its environmentally friendly strategy and set out plans for its operations to be entirely free of greenhouse gases by 2050.
The carrier said its MOL Group Environmental Vision 2.1 is an upgrade on the 2.0 plan unveiled in June 2020 and address “environmental issues by setting higher targets, in response to accelerating advances in global trends and technological innovation”.
Additionally, it said it will “continue to provide solutions for issues of high importance such as the preservation of the marine environment, protection of biodiversity and prevention of air pollution, and in order to tackle climate change with utmost urgency”.
“MOL Group will make a concerted effort to achieve net zero GHG emissions by 2050,” it explained.
“With these contributions for the sustainable development of our society and the preservation of nature, from the blue oceans, we sustain people’s lives and ensure a prosperous future.”
As part of its strategy, MOL will continue to develop environmentally friendly technologies and will look to equip cargo vessels with single hard sails, which it said can reduce emissions by 8% on Japan-North America routes.
In 2022, it aims to begin rolling out hard sails across its entire fleet of container vessels and bulk carriers.
It will also increase collaborative work with universities on leveraging big data in shipping operations and use “leading-edge fluid analysis and AI analysis” to advance the efficiency of vessel operations and cut emissions.
