MOL established the ‘MOL Group Environmental Vision 2.2’ with the target of achieving net-zero greenhouse gas (GHG) emissions by 2050. LNG fuel reduces carbon dioxide emissions by about 25% – 30% compared to conventional fuel oil. To achieve sustainable decarbonisation of the shipping industry, MOL is proactively adopting LNG as a low-carbon fuel, marking a major step toward zero emissions and a decarbonised shipping industry. The company aims to operate 90 LNG/methanol-fuelled vessels by 2030. It currently has about 40 LNG-fuelled vessels in its fleet – six of them are VLCCs, including this newly ordered vessel. By entering this long-term time charter contract with Idemitsu Tanker, MOL seeks to spearhead the broader adoption of LNG fuels and contribute to reducing the environmental impact of the shipping industry.