MOL, Partners Join Forces to Develop Fully Electric Vessels
- Business & Finance
Japan’s Mitsui O.S.K. Lines has teamed up with compatriots, Asahi Tanker, Exeno Yamamizu Corporation and Mitsubishi Corporation, to provide new infrastructure services in the marine shipping industry that focus on electrically powered vessels.
Under the strategic partnership the parties established a new company, e5 Lab, that will work to develop and promote the greater use of these relatively clean modes of marine transport.
The first objective for e5 Lab would be to build the world’s first zero-emission tanker by mid-2021. The tanker will be a coastal vessel powered by large-capacity batteries and will operate in Tokyo Bay.
The new company will develop a platform to provide a lineup of services that takes advantage of electrically powered vessels and other cutting-edge technologies. The aim is to leverage this platform to encourage sustainable growth and development within the marine shipping industry.
The company will also develop other kinds of electrically powered vessels to address the following challenges:
- control greenhouse gas (GHG) emissions and help to combat the adverse impacts of climate change by converting vessels to electric propulsion;
- improve working environments and mitigate crew shortages by upgrading onboard communications systems;
- leverage sophisticated sensor technologies to improve ship maintenance and management, thereby ensuring that aging vessels can be operated as safely as possible;
- leverage autonomous sailing technologies and big data to provide onshore support for crews and contribute to safe, reliable and efficient ship operations;
- offer an electric-vessel platform to all stakeholders in the marine shipping industry (including shipbuilders, equipment manufacturers, ship owners and operators, and cargo owners), standardize vessels and otherwise help to develop a sustainable growth model within the industry;
- propose standards on the swift and broader application of next-generation technologies and
- leverage large-capacity, rechargeable batteries to provide emergency backup power and otherwise assist with the business continuity planning of local communities.
Furthermore, e5 Lab will actively promote the electrification of both coastal and ocean-going vessels, and pool the technologies, human resources and operational know-how needed to achieve the 50% GHG reduction target of the International Maritime Organization (IMO) as soon as possible.