Mitsui O.S.K. Lines (MOL) and Pyxis Maritime have inked a Memorandum of Understanding (MoU) to partner on the joint creation and promotion of electric vessels (EVs) in the Singapore region, as well as marketing for the expansion of EVs introduction in Japan.
MOL and Pyxis will combine MOL’s maritime expertise, market networks, and industry understanding as a shipping company with Pyxis’ agility and quick execution as a start-up firm to accelerate the widespread acceptance and commercialisation of EVs, resulting in a greener and more sustainable future.
“We believe this memorandum will be an important step for both companies to make a significant change in the shipping industry. Promoting the introduction of EV vessels to solve environmental issues will be one way. We believe cooperation with partners who have the same ambition and trustworthiness is essential to achieve that,” stated Nobuo Shiotsu, senior managing executive officer of MOL.
MOL Group has positioned its environmental policy as one of the core strategies in its “BLUE ACTION 2035” management plan, and the company is the first in the Japanese ocean shipping sector to establish the goal of reaching net zero GHG emissions by 2050.
Through this collaborative connection, the two firms want to engage the industry and its respective stakeholders, share information, and conduct strategic decarbonisation projects while closely monitoring the implementation of environmental rules.
“We are honoured to partner with MOL, a global leader in the shipping industry. With the sustainability movement disrupting maritime businesses, efforts to decarbonize have become necessary to stay competitive. Our mission is to ease and boost mass adoption of EVs in the region. Together with MOL, we are confident in expanding our outreach into Japan which is one of our key markets,” explained Tommy Phun, Pyxis Founder.
