MOL, NYK and K Line collaborating to develop hydrogen carriers

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Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) have joined JSE Ocean, a subsidiary of Japan Suiso Energy (JSE), with JSE remaining the majority shareholder with 50.2% of the stock, whilst the shipping companies hold 16.6% each.

The companies are collaborating so as to establish a global liquefied hydrogen supply chain.

JSE Ocean was established in January 2023 to research the marine transportation of LH2 by using a large-scale LH2 carrier, and JSE and the three shipping companies are expected to establish the marine transport of LH2 at a commercial scale through JSE Ocean.

The companies highlighted that they would collaborate to explore the safety and efficient operation of the world’s first large-scale LH2 carrier by 2024, as well as develop a viable marine transportation business scheme, adding that the LH2 carrier will be powered by hydrogen.

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