Transported CO₂ for more than 30 years
Transported CO₂ for more than 30 years
Transported CO₂ for more than 30 years
Transported CO₂ for more than 30 years

Mitsui O.S.K. Lines, Ltd. (MOL) and Larvik Shipping (LS) continue to accelerate the CCUS value chain.

Liquefied CO2 ocean transport plays a key role in the CCUS value chain as a means of effectively connecting collection sites with and storage or usage sites. CCUS is drawing attention as a technology to collect and store CO2 or use it effectively, and a step toward realizing a low-carbon society. MOL and LS want to expand the business upstream and downstream of the CCUS business value chain, including the study of increasing the size of the vessel.

Klaipedos nafta, Larvik Shipping, and Mitsui O.S.K. Lines will carry out a feasibility study for liquefied CO2 and hydrogen project in Klaipeda, Lithuania

As global economies evolve their energy systems to tackle climate change challenges, a broad spectrum of solutions is under active evaluation. Carbon capture, utilisation and storage (CCUS) is a powerful technological enabler on the path towards sustainable energy future that is acknowledged in European Green Deal and widely seen as critical to achieve net-zero economy by 2050. Several CCUS projects are under way in Europe with clear commitment to create environmental and economic benefits for emission intensive industries that are hard to decarbonise.

AB Klaipedos nafta (KN), Larvik Shipping AS (LS) and Mitsui O.S.K. Lines, Ltd. (MOL) acknowledge the potential for CCUS and have reached an agreement to commence a feasibility study to develop liquefied CO2 (LCO2) loading facilities at KN’s existing infrastructure in Klaipeda, Lithuania. The entire concept shall be to develop a LCO2 logistics and value chain from Lithuania and potentially Baltic region with Klaipeda seaport at the centre.

The verified emissions from installations covered by the European Emissions Trading Scheme (ETS) in Lithuania alone reached approximately 6 million tonnes of CO2 in 2020 and put pressure to find the most suitable carbon management solution for the local market. The National Energy and Climate Action Plan of the Republic of Lithuania for 2021-2030 identified carbon capture as a promising area that requires further investigation to seek the best possible application in Lithuania. Insights of carbon management gained in the feasibility study may also help accelerate the clean hydrogen production from fossil fuels.

KN recognises the importance and synergy of hydrogen and carbon markets and during 2020 participated in the formation of the Lithuanian Hydrogen Platform – a platform that brings industry and government together in the joint decarbonisation effort.

The main task of the feasibility study will be to identify optimised design and configuration to export CO2 to one or more sequestration facilities within Europe. It also includes the possibility to produce blue hydrogen as an important and necessary solution to reach zero emission economy.

Within the scope of the project KN covers the onshore and terminal handling part to, utilise its deep knowledge accumulated through oil product and LNG experience.

LS, who has more than 30 year track record in LCO2 marine transportation, accepted equity from MOL on 19thMarch, 2021, and both companies now work closely to accelerate LCO2 business together with MOL’s extensive experience in transportation of various types of cargoes on world-wide basis. LS and MOL make contribution to bring efficient and feasible marine logistics solution.

With the above combination the parties intend to cover the major logistics part of entire CCUS value chain.

KN is an oil and LNG terminal operator company headquartered in Lithuania and has become a player in the global LNG market. KN brings proven developmental and operational know-how as well and bridge energy markets by enabling customers to supply and trade energy resources worldwide. KN currently owns and operates two oil and two LNG terminals in Lithuania, also is LNG terminal operator of largest gas to power project in Latin America located in Port of Açu, Brazil.

Larvik Shipping AS is a Norwegian ship management company headquartered in Larvik. It is one of very few companies in the world qualified to operate LCO2 vessels. With safe transportation and extensive cargo-handling know-how, LS has managed dedicated LCO2 tankers trading in Europe for more than 30 years.

MOL is a Japanese multi modal marine transport company headquartered in Tokyo, Japan. It is one of the largest shipping companies in the world, who operates more than 800 ships. MOL fleet includes dry cargo ships, liquefied natural gas carriers, Ro-Ro Car Carrier ships, tankers, container ships, and also diversifies its business to offshore business and maritime related industries such as container terminals.

Larvik, 19 March 2021

Mitsui O.S.K. Lines, Ltd. (MOL) has invested in AS Larvik Shipping. The companies to combine expertise and knowledge to expand existing business.

MOL is investing in Larvik Shipping. The combination of the expertise of the two companies will enable them to contribute to carbon dioxide capture utilization and storage (CCUS) projects around the world.

Larvik Shipping is one of very few companies in the world qualified to operate liquified CO2 vessels for food grade CO2. Food Grade CO2 is used mainly by hospitals, breweries, and the food industry. Larvik Shipping has operated industrial liquefied CO2 vessels in Europe for over 30 years and has a strong track record in safe transport of liquefied CO2 and extensive cargo-handling know-how. Operation of liquified CO2 vessels for food grade CO2 will be a continued focus for Larvik Shipping going forward.

Liquefied CO2 ocean transport also plays a key role in CCUS value chains as a means of effectively connecting collection sites with and storage or usage sites. CCUS is drawing attention as a technology to collect and store CO2 or use it effectively, and a step toward realizing a low-carbon society. There are several CCUS projects around the world, including the Norwegian project Northern Lights.

MOL is one of the largest shipping companies in the world. MOL’s fleet includes dry cargo ships (bulk carriers), liquefied natural gas carriers, ro-ro car carrier ships, oil tankers, container ships and container terminals.

MOL’s investment in Larvik Shipping will contribute to further expansion of the Larvik Shipping business by combining MOL’s accumulated expertise and technological capabilities in safe operation with Larvik Shipping’s knowledge and solid experience. The companies will discuss the adoption of larger vessels with an eye toward expanding both upstream and downstream and in the CCUS value chain.

Larvik Shipping and their shareholders are assisted by Tenden Advokatfirma as legal advisor in connection with the transaction and related matters.

For further details contact John Espen Tollevik (tel. +47 909 30 580). Please also see:

Company Name: Mitsui O.S.K. Lines, Ltd.
Founded: 1884
President & CEO Junichiro Ikeda
Head Office Tokyo, Japan
Business MOL is a multi-modal transport group. MOL’s activities are truly borderless,
based on the operation of one of the world’s largest merchant fleets.

We are very pleased to welcome Michael Hansen as our new Quality Manager HSE and Designated Person in Larvik Shipping AS.

He have for years already been working quite close with Larvik Shipping in various areas like ISM, MLC, ISPS, Vetting, Audits etc. Michael are graduated as a Master and have a sailing background from AP Møller Mærsk and from the Royal Danish Navy.

We are very happy to have finalized an agreement with Michael and to have him onboard full time to strengthen our organization.

Michael Hansen will start work full time with Larvik Shipping from 02/06/2020.

Larvik Shipping AS have signed a new management contract with Nippon Gases.

The vessel M/T Helle (Ex Carol Carbonic) was taken over from the Dutch owner Anthony Veeder by Nippon Gases on the 8th of November.

Vessel will be integrated in Nippon Gases already existing fleet of CO2 carriers, M/T Helle have changed register to NIS and will sail under Norwegian flag and be classed by DNVGL.

Dette skipet flytter stadig mer godstrafikk fra vei til sjø

– Vi har opplevd en fin stigning i godsmengden fra i fjor vinter. Starten ved forrige årsskiftet var tung med lite last utover bulklaster, men nå ser vi at dette fungerer godt og at vi får stadig mer gods om bord.

HANNAH KRISTINA er et tidligere RO-RO fartøy som er bygd om for å være skreddersydd for transport av gods til oljeindustrien.

Larvik Shipping AS har i dag signert en avtale med Yara Norge AS vedrørende bygge oppfølging av skipet Yara Birkeland.

The autonomous ship YARA Birkeland

Rederi og ingeniørfirma jubler etter CO₂ -fraktkontrakt

Skal utvikle konseptstudier for frakt av CO₂ med skip fra øst til vest.

Dette er et av flere potensielle design fra Larvik Shipping. Skipet er 160 meter langt. Illustrasjon: Polarkonsult

Gassco awards study jobs for CO₂ transport

“We’re very pleased to award contracts to Larvik Shipping and Brevik Engineering covering conceptual studies for transporting CO₂ by ship,” says Gassco CEO Frode Leversund.

“These companies provided the best tenders out of the five submitted. Further assessments of CO₂ transport will make an important contribution to realising a full-scale Norwegian solution for carbon capture and storage (CCS).

Read more…

Signing new contract:

Today we have signed a new management agreement for the vessel MV Hannah Kristina. For the coming years we will do the technical management and crewing for the vessel. Vessel will be registered in NOR and manned with 32 Norwegian sailors. Vessel is chartered on a “Time-Chart” contract to Kuehne+Nagel and Halliburton. Vessel is presently under conversion in Tallin, and will be trading from June 2017.

Study contracts for carbon dioxide transport

Gassco has commissioned Knutsen OAS Shipping and Larvik Shipping to study transport of CO2 by ship in connection with the Norwegian government’s full-scale project for managing this greenhouse gas.

In cooperation with Gassnova, Gassco has earlier studied CO2 handling chains.

“The transport study will help to ensure that the government’s ambition of realising at least one full-scale CO2 facility by 2020 can be met,” says Gassco CEO Frode Leversund.

“Our long experience of leading complex industrial projects means we’re well equipped to develop a detailed basis for the government’s decision on continuing a CO2¬ management project.”

The CO2 chain is being addressed by industrial players. Gassnova has assigned studies of the relevant capture locations to Norcem in Brevik, Yara at Herøya and Klemetsrud EGE in Oslo, while Gassco and Statoil are responsible for the transport and storage aspects respectively.

“We’ve had a detailed process to identify the best partners for a collaboration, and are very pleased to award contracts to Knutsen OAS Shipping and Larvik Shipping,” says Leversund.

“These two companies will now be starting work immediately on analysing various ship-based solutions, and these are due to be submitted to us by mid-April.”