News Release

Tuesday, 16 May 2017

MOL Liner Ltd. Announces the FY2016 vs. FY2015 Results of Environmental Key Performance Indicators (KPI)


May 16, 2017 – Hong Kong – MOL Liner Ltd. today announced the results of the company’s environmental key performance indicators for FY2016 vs. FY2015 based upon the company’s new target to reduce greenhouse gas (Carbon Dioxide, Nitrogen Oxide and Sulfur Oxide) emissions by 25% by FY2030 vs. FY2014. MOL Liner also maintains an annual target to reduce emissions by at least 1% each fiscal year.

 

MOL Liner places a heavy emphasis on minimizing the environmental impact brought by shipping and dedicates resources and research to enhance efforts towards emissions reductions. MOL Liner publishes the results of environmental key performance indicators at CountOnMOL.com.

 

Greehouse Gases

FY2014 Results

Target FY2030

Carbon Dioxide (CO2)

105.5 grams per TEU-mile

79.1 grams per TEU-mile

Nitrogen Oxide (NOx)

2.37 grams per TEU-mile

1.78 grams per TEU-mile

Sulfur Oxide (SOx)

1.63 grams per TEU-mile

1.22 grams per TEU-mile

  

MOL achieved excellent results in reducing emissions in FY2016 and is making good progress towards the FY2030 vs. FY2014 goal. Improvements in shipping technology and precise monitoring systems have enormously lowered the amount of greenhouse gases emitted during vessel voyages.

 

A.    Reduction of Carbon Dioxide (CO2) per TEU-Mile

 

FY2016 Results

Targets

Reduction Performance

86.9 grams per TEU-mile

1

Reduce by 25% per unit load for FY2030 vs FY2014

Reduced by 17.6% per unit load for FY2016 vs FY2014

2

Reduce by 1% per unit load each fiscal year

Reduced by 9.6% per unit load for FY2016 vs FY2015

 

B.    Reduction of Nitrogen Oxide (NOx) per TEU-Mile

 

FY2016 Results

Targets

Reduction Performance

1.95 grams per TEU-mile

1

Reduce by 25% per unit load for FY2030 vs FY2014

Reduced by 17.7% per unit load for FY2016 vs FY2014

2

Reduce by 1% per unit load each fiscal year

Reduced by 9.7% per unit load for FY2016 vs FY2015

 

C.    Reduction of Sulfur Oxide (SOx) per TEU-Mile

 

FY2016 Results

Targets

Reduction Performance

1.46 grams per TEU-mile

1

Reduce by 25% per unit load for FY2030 vs FY2014

Reduced by 10.4% per unit load for FY2016 vs FY2014

2

Reduce by 1% per unit load each fiscal year

Reduced by 6.4% per unit load for FY2016 vs FY2015

                                                                                       

MOL will continue to be focused on efforts to reduce greenhouse gas emissions for the betterment of the environment so that customers can Count On MOL to deliver their shipments with an environmentally-friendly carrier. For more information about MOL Liner‘s environmental initiatives, please visit CountOnMOL.com/environmental/emission_reductions.

 

 

About MOL
Mitsui O.S.K. Lines, Ltd. (MOL) has the world’s largest ocean shipping fleet. Backed by experience and technologies developed over 133 years, MOL moves today’s global economy. MOL operates specialized bulk carriers for iron ore, coal, and woodchips; tankers that transport crude oil and LNG; car carriers; cruise ships; ferries and coastal liners; and containerships that deliver a variety of finished products as part of the largest and most diverse global network of liner and logistics services. MOL Liner Ltd. is a wholly-owned subsidiary of MOL. The company transports a wide variety of cargoes in international standard containers. The MOL Liner containerships also cover a global network of routes. For more information, please visit www.molpower.com.

 

For more information, please contact:
Timothy Pajak
Director, Global Marketing & Communications
MOL Liner Ltd.
Tel: 1-630-812-3844           

Email: Timothy.Pajak@MOL-Liner.com

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