Mitsubishi Shipbuilding (subsidiary of MHI-Mitsubishi Heavy Industries) signed a contract with MOL (Mitsui O.S.K. Lines) to build two LNG-poweredcruiseferries - which is the first such project in Japan.
Earlier in December, Kyushu Electric Power reached long-term agreements to deploy the first in the world LNG-fueled large coal carriers with Nippon Yusen Kabushiki Kaisha (NYK) and MOL. MOL's 235-m ship is being built by Namura Shipbuilding and enters service in June 2023. MOL recently signed its first green loan, the proceeds of which would be used to partially finance the building of the world's biggest LNG bunkering ship.