MOL Techno-Trade Ceremony Marks Participation In Green Award Foundation

Mitsui O.S.K. Lines, Ltd. (MOL) announced that on May 20, its group company MOL Techno-Trade, Ltd. (MOL Techno) held a ceremony to mark its participation in the “Green Award Program” (Note 2), aimed at promoting “Quality Shipping”(Note 1) on a global scale. The program is run by the nonprofit Green Award Foundation, which was established with the objectives of protecting the marine environment and enhancing the safety of vessel operation. At the ceremony, President of MOL Techno Hatta received a plaque from Green Award Foundation Executive Director Jan Fransen.

MOL Techno-Trade Ceremony
Image Credit:

MOL Techno encourages efforts to reduce environmental impact by offering its energy-saving Propeller Boss Cap Fins (PBCFs) at a 3% discount of contract prices to Green Award certified vessels and shipping companies (Notes 3 and 4). Effective April 1, preferential points are added to owners of vessels equipped with PBCF in the screening item, “measures for underwater noise and vibration,” which targets shipping companies.

The MOL Group works continually to reduce the environmental impact of its activities by addressing the needs of customers and society through product development and technological innovation.

MOL Techno-Trade Ceremony
Image Credit:

(Note 1)
Quality Shipping
This refers to action programs that enhance ship management and operation from both aspects of safety (prevention of marine incidents) and the environment (protection of the marine environment).

(Note 2)
Green Award Program
The program aims to improve the quality of vessels and mariners and protect the marine environment by certifying vessels for excellence in safety and low environmental impact. Companies that share the foundation’s goals support them by providing incentives.

(Note 3)
Propeller Boss Cap Fins (PBCFs) are an energy-saving device that reduces a vessel’s fuel consumption by 3% to 5% by eliminating the hub vortex generated behind the rotating propeller and improving propeller efficiency. It was jointly developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Mikado Propeller Co., Ltd. (now Nakashima Propeller Co., Ltd.), and it has been widely adopted worldwide since its launch in 1987. To date, over 3,300 vessels have been equipped with the PBCF. MOL Techno, MOL, and Akishima Laboratories (Mitsui Zosen) Inc. continue to move ahead on joint research, and the PBCF is continually evolving.


Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Subscribe To Our Newsletters

By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.

Web Stories

Leave a Reply

Your email address will not be published. Required fields are marked *