• 2018 August 9 09:49

    MOL to issue Japan's 1st green bonds aimed at individual investors

    Mitsui O.S.K. Lines, Ltd. has announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.

    Green bonds are used to raise funds for businesses aimed at protecting and improving the environment. MOL established the MOL Group Environmental Vision 2030 in April 2017, and designated environment-related and emission-free businesses as core activities in its "Rolling Plan 2018" management plan. The MOL Group also views responses to stricter environmental regulations and activities to reduce its environmental impact as opportunities to create new businesses and diversify its business portfolio, and address new challenges in technical innovation. To foster a deeper understandings of the MOL Group's proactive initiatives on the environment among a wide range of stakeholders, the bonds are targeted to both institutional and individual investors. This is the first time a company in Japan has issued green bonds aimed at individual investors.

    Effective July 31, 2018, MOL acquired a second opinion about eligibility from one of the world's leading organization to evaluate and accredit the ESG performance, Vigeo Eiris of France, to secure eligibility and transparency of the green bonds and increase their appeal to investors.

    The party that supports issue of green bonds through establishment of green bond frameworks and advices for acquisition of second opinions.

    Ballast water treatment systems protect biodiversity by reducing the transboundary movement of microbes and bacteria contained in ballast water, which is loaded to provide additional weight to stabilize the hull of the ship. MOL established a policy to equip its vessels with ballast water treatment systems in fiscal year 2014, ahead of issuance of the Ballast Water Management Convention in September 2017. As of April 2018, 114 MOL Group-owned vessels are equipped with ballast water treatment systems.

    MOL participates in the Wind Challenger Plan, a joint industry-academia research project led by Tokyo University and launched in 2009. The project focuses on using advanced sails to provide propulsion for merchant vessels. It aims to reduce vessels' fuel consumption and CO2 emissions by maximizing the use of wind power. The research and verification test phase was completed in September 2017, and the demonstration test and commercialization phase began in October of that year. MOL will select a vessel to equip with sails within fiscal 2018, aiming to start operation in 2020.




2019 January 24

14:37 Polskie LNG terminal is ready for expansion
14:14 German Shipowners’ Association calls upon the EU to find solution for boat refugees in the Mediterranean Sea
13:54 DCT Gdansk terminal expands its fleet of STS and RTG cranes
13:12 “K”LINE awarded CDP’s “A List 2018” on climate change ―Earning highest rating “A” for three consecutive years
12:35 Cargo traffic via Murmansk Sea Fishing Port in 2018 remained flat Y-o-Y at 331,200 tonnes
12:11 COSCO SHIPPING Ports takes 60% stake in Chancay Terminal, Peru
11:36 SEA\LNG releases study revealing compelling investment case for LNG as a marine fuel
11:30 Icebreaker assistance period begins at the port of Primorsk (Leningrad Region) from January 25
11:12 GTT receives an order from DSME for the tank design of two new LNG carriers
11:06 Bunker prices are flat at the Far East ports of Russia (graph)
10:47 Monjasa's bunker tanker Accra supplies marine fuel in the Panama Canal
10:29 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 23-24
10:04 Port of Gothenburg container volumes up by 17 per cent in 2018
10:00 Brent Crude futures price down 0.36% to $60.92, Light Sweet Crude – down 0.38% to $52.43
09:41 Wilhelmsen Ship Management selected as the manager for Pardus Energy’s FSRU
09:37 Matthieu de Tugny takes helm at BV's Marine & Offshore division
09:18 Baltic Dry Index is down to 982 points

2019 January 23

18:27 Planning for 2020 IMO's sulphur cap has already started
18:13 Eagle Bulk receives commitment for a new credit facility totaling $208 million
18:02 Port of Gdansk (Poland) throughput in 2018 totaled 49.03 million tonnes, up 20.7% Y-o-Y
17:40 Andrei Malyarov elected as Chairman of Severnaya Verf shipyard's BoD
17:19 RWE files acquisition of renewables businesses of E.ON and innogy with European Commission
17:03 The Board of Directors of Fincantieri appoints a second General Manager
16:51 Ice restrictions at the port of Arkhangelsk come into effect on February 15
16:37 USCG interdicts smuggling boat with convicted criminals aboard off Florida
16:24 Regulatory issues related to operation of seaport infrastructure facilities to be discussed at the 2nd HES and Dredging Congress
16:08 First discharge of LPG from Ichthys LNG Project in Japan carried by “K” LINE’s VLGC “GRACE RIVER”
16:03 CMA CGM to launch its Med Pendulum Service (MPS)
15:46 Ice restrictions at the port of Vyborg (Leningrad Region) come into effect on February 6
15:33 Nakilat – Keppel welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
15:28 MHI Vestas achieves final turbine installation at Horns Reef 3
15:18 Rolls-Royce completes €57 million upgrade of Rauma thruster facility
15:03 NYK announces delivery of new coal carrier for Hokkaido Electric Power
14:33 Port of Oakland reports more ships than ever plugging into grid
14:20 Throughput of Port Vysotsky up 10.7% to 7.89 million tonnes in 2018
14:03 Kiel welcomes the TUI Cruises newbuilding
13:45 Admiralteiskie Verfi shipyard lays down large freezing trawler of Project СТ-192
13:27 Coast Guard’s only heavy icebreaker arrives at Antarctica
13:02 Rotterdam as a circular hub for the raw materials transition
12:58 The Russian Federation accedes to passenger compensation treaty
12:51 New initiatives to strengthen Singapore as a global maritime hub announced
12:37 SCHOTTEL presents new mechanical hybrid propulsion solution
12:04 Port of Riga cooperates with Balarusian forest industry to further increase its timber cargo volumes
11:42 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 22-23
11:16 OSG exercises option for second 204,000 barrel barge at Gunderson Marine
10:55 Maritime Security & Offshore Patrol Week 2019 to be held for the first time ever in Dubai, UAE by IQPC Middle East
10:37 N-KOM welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
10:20 Responsibilities for implementation of state programmes of the Russian Federation divided between Deputy Prime Ministers
10:06 Brent Crude futures price up 0.03% to $61.52, Light Sweet Crude – up 0.02% to $53.03
09:48 Aderco: Planning for 2020 has already started
09:43 Vympel Shipyard lays down yet another hydrographic vessel / buoy tender of Project 19910 for RF Navy
09:19 Baltic Dry Index is down to 1,036 points

2019 January 22

18:25 Elengy prepares the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030
18:05 Monjasa steps up as the 2nd largest local bunker supplier in the Panama Canal in 2018
17:54 Relampago practices skills with UAE Navy ship
17:35 CalMac takes over the tiller at Argyll Ferries
17:05 NYK gets the highest-rated ‘A’ for Climate Change by CDP Survey
16:42 RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD
16:23 Pilbara Ports Authority achieves a new record tonnage on a single tide at the Port of Port Hedland
15:56 Port of Rotterdam Authority and Rotterdam Port Promotion Council renew collaboration