TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto), announced the signing of a Memorandum of Understanding (MoU) with Be Forward Co., Ltd. (President: Hironori Yamakawa; Headquarters: Minato-ku, Tokyo) for pure car carrier book and claim service (Note) for used car transport to Africa. Be Forward is the first customer to use this service, and agreed to promote decarbonization of marine transport by using LNG-fueled vessels through this project. The contract term is 5 years from April 2025.
This MoU will enable Be Forward, a company that transports used cars to Africa, to claim the greenhouse gas (GHG) reduction value associated with the use of LNG as fuel in MOL's car carrier fleet as its own GHG reduction through certificate.
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While MOL will continue to reduce its own GHG emissions through the launch of new LNG-fueled car carriers, it will pursue initiatives that contribute to GHG emission reduction for its stakeholders as with its partnership with Be Forward, and society as a whole, aiming to achieve net-zero GHG emissions by 2050.
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From left: Hironori Yamakawa, President of Be Forward Co., Ltd., Norio Abe, Executive Officer of MOL |
