Seven Japanese companies have joined forces with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels.
The e5 Consortium is comprised of Asahi Tanker, Idemitsu Kosan, Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Tokio Marine & Nichido Fire Insurance, Tokyo Electric Power Company, and Mitsubishi Corporation.Image Courtesy: MOL
The seven e5 Consortium corporate members are focusing their attention on fulfilling the potential of electric vessels to solve the urgent issues in coastal shipping.
As explained, coastal shipping in Japan is facing numerous challenges including a shortage of mariners due to the aging of the seagoing workforce as well as the aging of vessels. Furthermore, the coastal shipping industry is required to reduce emissions of greenhouse gases (GHGs) as one of Japan’s measures to address climate change.