Hybrid Car Carrier launch scheduled for June 2012
News Release
MOL (Europe) B.V. (European Head Office)
July 15, 2011
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt">–Design of
<SPAN class=txdefti1><SPAN>Hybrid Car Carrier Aiming at Zero Emissions While
Berthed</SPAN></SPAN> Determined</SPAN></B><B><SPAN style="FONT-FAMILY: Arial">
–</SPAN></B></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN></B> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN></B> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">ROTTERDAM, 14 July
2011</SPAN></B><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> –
</SPAN></B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Mitsui O.S.K.
Lines, Ltd. (MOL; President: Koichi Muto) today announced the exterior and basic
design of the hybrid car carrier aiming at zero emissions while berthed had been
determined. As a “project that develops systems to reduce CO<SUB>2</SUB>
emissions from ocean-going vessels”, the vessel earned MOL a subsidy from
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in 2009.
The vessel will be launched at the Mitsubishi Heavy Industries, Ltd., Kobe
shipyard in June 2012.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN>The vessel will be equipped
with a hybrid electric power supply system that combines solar power panels for
generation with lithium-ion batteries for power storage. The system is the
result of a cooperative study group of experts from Mitsubishi Heavy Industries,
Sanyo Electric Group, and MOL. </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">With solar panels on every bit of
flat, exposed upper deck space, this system generates some 160kW, more than ten
times as much as current systems on other ships, making it the most powerful
system of its type in the world.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The lithium-ion batteries can store
some 2.2MWh of electricity, and the power generated by the panels while the ship
is under way is stored in the batteries and used to power the ship’s systems
while it is berthed. The system eliminates the need for diesel-powered
generators, enabling the ship to achieve zero emissions at the pier. In
addition, the lithium-ion batteries are placed in the bottom of the vessel,
taking the place of fixed ballast*, so they have no effect on the number of
vehicles the vessel can carry.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The logo SOLAR HYBRID is painted on
the sides of the vessel near the stern to identify its hybrid system and its use
of natural energy.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Vessel Specifications</SPAN></B></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Capacity: 6,400 vehicles (standard
passenger cars)</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">LOA: 199.0 m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Beam: 32.26 m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Draft: 9.725 m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The development of this vessel was
subsidized by the MLIT as a “project that develops systems to reduce
CO<SUB>2</SUB> emissions from ocean-going vessels”, and it is supported as a
“cooperative development project to reduce greenhouse gases produced by ocean
shipping” from the Nippon Kaiji Kyokai.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The power supply system represents a
significant step forward in realizing ISHIN-I, the concept for the
next-generation car carrier that we announced in September 2009. MOL will
continue our aggressive development of technologies that will help reduce the
burden on the environment caused by ocean-going vessels.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">* Weights or tanks placed in the
bottom of the vessel to help ensure its stability under way. Usually,
ocean-going vessels use seawater as ballast.</SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left> </P></SPAN></SPAN></SPAN></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt">–Design of
<SPAN class=txdefti1><SPAN>Hybrid Car Carrier Aiming at Zero Emissions While
Berthed</SPAN></SPAN> Determined</SPAN></B><B><SPAN style="FONT-FAMILY: Arial">
–</SPAN></B></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN></B> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN></B> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">ROTTERDAM, 14 July
2011</SPAN></B><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> –
</SPAN></B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Mitsui O.S.K.
Lines, Ltd. (MOL; President: Koichi Muto) today announced the exterior and basic
design of the hybrid car carrier aiming at zero emissions while berthed had been
determined. As a “project that develops systems to reduce CO<SUB>2</SUB>
emissions from ocean-going vessels”, the vessel earned MOL a subsidy from
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in 2009.
The vessel will be launched at the Mitsubishi Heavy Industries, Ltd., Kobe
shipyard in June 2012.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN>The vessel will be equipped
with a hybrid electric power supply system that combines solar power panels for
generation with lithium-ion batteries for power storage. The system is the
result of a cooperative study group of experts from Mitsubishi Heavy Industries,
Sanyo Electric Group, and MOL. </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">With solar panels on every bit of
flat, exposed upper deck space, this system generates some 160kW, more than ten
times as much as current systems on other ships, making it the most powerful
system of its type in the world.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The lithium-ion batteries can store
some 2.2MWh of electricity, and the power generated by the panels while the ship
is under way is stored in the batteries and used to power the ship’s systems
while it is berthed. The system eliminates the need for diesel-powered
generators, enabling the ship to achieve zero emissions at the pier. In
addition, the lithium-ion batteries are placed in the bottom of the vessel,
taking the place of fixed ballast*, so they have no effect on the number of
vehicles the vessel can carry.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The logo SOLAR HYBRID is painted on
the sides of the vessel near the stern to identify its hybrid system and its use
of natural energy.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Vessel Specifications</SPAN></B></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Capacity: 6,400 vehicles (standard
passenger cars)</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">LOA: 199.0 m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Beam: 32.26 m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Draft: 9.725 m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The development of this vessel was
subsidized by the MLIT as a “project that develops systems to reduce
CO<SUB>2</SUB> emissions from ocean-going vessels”, and it is supported as a
“cooperative development project to reduce greenhouse gases produced by ocean
shipping” from the Nippon Kaiji Kyokai.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The power supply system represents a
significant step forward in realizing ISHIN-I, the concept for the
next-generation car carrier that we announced in September 2009. MOL will
continue our aggressive development of technologies that will help reduce the
burden on the environment caused by ocean-going vessels.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN> </P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">* Weights or tanks placed in the
bottom of the vessel to help ensure its stability under way. Usually,
ocean-going vessels use seawater as ballast.</SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left> </P></SPAN></SPAN></SPAN></DIV></BODY></HTML>