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MOL subsidiary to boost shipping decarbonisation

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Mitsui O.S.K. Lines (MOL) has created wholly owned subsidiary in the Philippines called EcoMOL, to bring immediate GHG emissions reductions by improving ships’ operational efficiency through digital solutions.

MOL has set a target to improve fuel efficiency by 5% by the end of 2024, in line with MOL Group's Environment Vision 2.1. In the short-term plan, improving ship operational efficiency, including ship’s energy sailing device (ESD) installations, is said to be the most effective and realistic solution.

MOL aims to take dynamic and innovative actions in daily operation, leveraging big data analysis and constant actual operation performance review.

EcoMOL is expected to take a vital role to stimulate thosee activities by collaborating with various stakeholders and leading ships' eco-operations. MOL believes it will further increase its group-wide human assets by capitalising on the rich maritime experience in the Philippines. MOL said it can contribute to Filipino society through employment opportunities.

The Fleet Optimal Control Unified System (FOCUS) project will see MOL ships’ digital transformation solution fully assist the activities, providing highly granular data on multiple aspects of ships’ performance and translating that data analysis into operational excellence.

MOL has set medium- to long-term targets of reducing GHG emissions intensity in marine transport by approximately 45% by 2035 (versus 2019) and achieving net-zero GHG emissions by 2050. EcoMOL will play a key role to achieve sustainable net-zero GHG emissions and contribute to a low- and decarbonised society, said MOL.

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