MITSUI OSK Lines has built on its electric-powered vessels tie-up with three other Japanese companies — Asahi Tanker, Mitsubishi Corporation and Exeno Yamamizu Corp — to expand into a wider group with more broad-ranging objectives of establishing new ocean shipping infrastructure services.
MOL has established the e5 Consortium together with another three companies — Idemitsu Kosan, Tokio Marine & Nichido Fire Insurance and Tokyo Electric Power Company — with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realise, and commercialise zero-emission electric vessels.
MOL, Asahi Tanker, Mitsubishi Corporation and Exeno Yamamizu Corp initially set up e5 Lab Inc in August 2019 with the aim of building the world’s first zero-emissions tanker.
The consortium’s initial objective is to launch the vessel, one of two to be built by Asahi Tanker and powered by large-capacity lithium ion batteries, in March 2022. e5 Lab Inc will serve as the executive office of the e5 Consortium.
The consortium members will focus their attention on fulfilling the potential of electric vessels to reduce greenhouse gas emissions while promoting the sustainable growth of coastal shipping through fleet renewal with the development and introduction of advanced, more environmentally friendly vessels. It will also establish a platform that offers innovative electric vessel-based ocean shipping infrastructure services.
The consortium bills itself as a provider of safe, reliable, and high-quality transport services, based on the five core values of electrification, environment, evolution, efficiency and economics. These five components make up its e5 name.
In addition to the flagship tanker newbuildings, other projects e5 Lab Inc has embarked on to bring digital solutions and transformation to the industry include the use of hydrogen fuel batteries, onboard automated equipment, onboard broadband, remote control vessels, and the development of a common integrated operating system for oceangoing vessels.
