‘e5 Consortium’ established to promote zero-emission electric vessel

May 28 2020


Seven companies—Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd. (trade name: Idemitsu Showa Shell), Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation—have announced the establishment of 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.

Coastal shipping in Japan faces structural issues such as a shortage of mariners due to the aging of the seagoing workforce, not to mention 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 urgent issues. The consortium aims to establish a platform that offers innovative ocean shipping infrastructure services based on electric vessels bringing to bear the strength, technological know-how, networks, and other advantages of each member company.

 

As the first phrase of the project, the consortium plans to launch the world’s first zero-emission electric tanker, powered by large-capacity lithium ion batteries, in March 2022. e5 Lab. Inc. will serve as the executive office of the e5 Consortium. 

 

The e5 Consortium will promote the sustainable growth of coastal shipping in Japan and contribute to the nation’s social and economic development by providing added value to the coastal shipping industry through the development and introduction of advanced vessels.

 



Related News

MAN Energy Solutions makes agreement with STX

(May 12 2022)

MAN Energy Solutions has signed a cooperation agreement with STX Heavy Industries Co., Ltd., to deliver its three EEXI (Energy Efficiency eXisting ship Index) solutions to MAN B&W-branded low-speed engines manufactured by STX HI.



Thun Tankers orders two resource efficient coastal tankers

(May 12 2022)

Thun Tankers have placed an order for two 7999 mts dwt tankers. The ordered “R-Class” vessels are a further development of Thuns’ existing vessels. Focus on resource efficiency, environmental responsibility and logistical reliability has been key in ...



New booster pump: A solution for the future

(May 12 2022)

The NMB200F booster pump has been made for a future where high-pressure suction solutions must be available for VLGC and VLECs.



Oil tanker owner, operator fined $3 million for pollution crimes

(May 12 2022)

Liquimar Tankers Management Services Inc. and Evridiki Navigation Inc. were sentenced to a total of $3 million in criminal fines and a five-year probation period after being convicted in Delaware on charges of violating the Act to Prevent Pollution f...



Furetank releases the very first sustainability report

(May 12 2022)

We are proud to release the very first Furetank sustainability report, summing up all of our green efforts during 2021.



June July 2025

Tanker Operator Athens report - MEPC 83 explained - decarbonisation by Norwegian shipowners