Japan´s shipping conglomerate Mitsui O.S.K. Lines (MOL) is expanding its fleet with additional five newbuilding dual-fueled capesize bulkers, which can burn either LNG or conventional marine fuel oil.

Two of the ordered 209,000 Dwt capesize vessels is ordered with the Japanese shipbuilder Nihon Shipyard and built by Imabari Shipbuilding, whilst the other three ordered 210,000 dwt capesize vessels will be built by CSSC Qingdao Beihai Shipbuilding in Qingdao, China.

MOL informs that the five ordered newbuild LNG dual-fueled capesize vessels are scheduled for delivery from 2026 to 2027, and including these 5 vessels MOL will then add a total of 13 LNG-fueled capesize bulkers in its fleet with one vessel operating since March 2023 LNG fuel already supplied.

Compared to conventional marine fuel oil, the company states that LNG is expected to reduce emissions of carbon dioxide (CO2) which is a greenhouse gas (GHG), by about 25%, sulfur oxide (SOx) by 100%, and nitrogen oxide (NOx) by about 85%. It also has a proven track record of being used as marine fuel.