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May 29, 2019, 4:06 p.m. EDT

Japan : MOL Techno-Trade Ceremony Marks Participation in Green Award Foundation-backed Marine Environmental Protection Program Offering Advantages in Certification for Owners of PBCF-equipped Vessels

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May 29, 2019 (Euclid Infotech Ltd via COMTEX) -- Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda; Headquarters: Minato-ku, Tokyo) announced that on May 20, its group company MOL Techno-Trade, Ltd. (MOL Techno; President: Hirokazu Hatta; Headquarters: Chuo-ku, Tokyo) 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 (head office:Rotterdam)(head office:the Netherlands), 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 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.

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