Seven Japan-based companies—Asahi Tanker Co., Ltd.; Idemitsu Kosan Co., Ltd.; Exeno Yamamizu Corporation; Mitsui O.S.K. Lines, Ltd.; Tokio Marine & Nichido Fire Insurance Co., Ltd.; Tokyo Electric Power Company; and Mitsubishi Corporation—have formed the e5 Consortium, with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels. Image of the e5 electric tanker. Mitsui O.S.K. Coastal shipping in Japan faces structural issues such as a shortage of mariners due to the aging of the seagoing workforce and the aging of the vessels. In addition, the ocean shipping industry has urged the coastal shipping industry to reduce emissions of greenhouse gases (GHGs) as one of Japan’s measures to address climate change. The seven e5 Consortium corporate members are focusing their attention on fulfilling the potential of electric vessels to solve these issues. The consortium aims to establish a platform that […]