MOL agrees 25-year deal with Vale for tri-fuel iron ore shipping vessels
In Japan, Mitsui O.S.K. Lines, Ltd recently announced that MOL Ocean Bulk Pte. Ltd. which operates the MOL Group’s overseas Capesize bulker business, has signed a 25-year contract with Vale International S.A. to transport iron ore using two vessels. As part of Vale’s Shipping decarbonization strategy, the project will employ the world’s first 210,000-metric-ton ore carriers equipped with a tri-fuel propulsion system that can run on ethanol, methanol, and conventional heavy fuel oil. The vessels are scheduled for delivery in 2030 and will primarily carry out the transoceanic transport of the company’s iron ore.
The vessels are not only equipped with tri-fuel engines but also feature an LNG/ammonia-ready design, enabling the future use of either fuel. In addition, they incorporate a range of energy-saving technologies available for next-generation newbuilding vessels. By providing flexibility in fuel selection according to fuel availability, decarbonization benefits, and economic considerations, the vessels broaden practical options for reducing greenhouse gas (GHG) emissions in marine transport.
Category: Fuels
