Illustration of how MOL's new ISHIN-III technology reduces emissions
MOL said Thursday it completed the concept for the third ship in its series of next-generation vessels, which it said will be technically feasible in the near future. The latest concept is for an environment-friendly, large-scale iron ore carrier called the ISHIN-III that will play a key role in the Japanese carrier’s future dry bulk fleet. The ISHIN-III concept … uses waste heat energy recovery to assist propulsion, and it cuts carbon dioxide emissions even at low speeds. … The concept aims to cut CO2 emissions by 30 percent.