Mitsui OSK Lines (MOL), one of the world’s largest charterers, is looking to shipowners to help it foot its ¥1.6trn ($14.5bn) decarbonisation bill.

The Japanese shipping giant expects to make that investment on some 90 LNG-fuelled and 110 next-generation fuel-powered vessels by 2030 as part of its move to net zero carbon target by 2050.

“Our main goal is to achieve net zero greenhouse gas emissions by 2050 and this will include all ships chartered by MOL,” chief executive Takeshi Hashimoto told TradeWinds.