In a groundbreaking move for Japan’s maritime shipping industry, Mitsui O.S.K. Lines, Ltd. (MOL), under the leadership of President & CEO Takeshi Hashimoto, has achieved third-party certification for its innovative book and claim service. This certification was granted by Nippon Kaiji Kyokai (ClassNK) after a meticulous audit. The new service, set to launch in January 2025, introduces a fresh approach to reducing greenhouse gas (GHG) emissions in the car carrier sector.
The book and claim methodology allows MOL to allocate GHG reduction values generated through the use of low-carbon fuels—such as LNG and biofuels—to its car carrier customers. Essentially, when LNG-fueled carriers are deployed, the GHG reductions compared to traditional fuel oil usage are quantified and recorded. Customers opting into this service can then claim these reductions, aligning their logistics operations with broader sustainability goals.
ClassNK validated the methodology behind this service, marking the first time such recognition has been granted in Japan. The certification underscores the credibility and transparency of MOL’s efforts to facilitate environmental accountability within maritime logistics.
MOL is doubling down on its commitment to sustainable shipping by ordering 14 LNG-fueled car carriers, a strategic move aimed at slashing the company’s GHG emissions. Beyond its own footprint, MOL’s initiatives are designed to contribute to societal decarbonization, reinforcing its target of achieving net-zero emissions by 2050.
As a board member of the Book and Claim Community, MOL is driving the adoption of this method across the international logistics landscape. This system enables customers to “book” GHG reduction values from services utilizing low-carbon fuels and later “claim” these reductions for their environmental reports. It’s a bit like putting your green intentions on layaway and cashing in when the time is right.
By pioneering such methodologies, MOL is setting a high bar for innovation and environmental responsibility in the maritime industry. This initiative represents not just a technical achievement, but a significant leap toward decarbonizing global logistics.
