‘e5 Consortium’ to promote zero emissions
(Posted on 22/05/20)
Seven 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 announced 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.
‘e5’ is a provider of safe, reliable, and high-quality transport service, based on the realization of five core values: “electrification,” “environment,” “evolution,” “efficiency,” and “economics.”
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 (Note 1). e5 Lab. Inc. will serve as the executive office of the e5 Consortium. (Note 2)
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.
Latest News
Damen completes green retrofit project for BAM Shipping
(Posted on 15/05/25)Damen Shipyards Group, together with partners including Atal Solutions has completed its retrofit of... Read more
NORDEN expands MPP fleet, reinforcing growth in Projects & Parcelling
(Posted on 15/05/25)NORDEN has announced that it has signed agreements for two additional 17,500 dwt Multi-purpose (MPP)... Read more
ClassNK’s ‘Guidelines for Safety Operation for Ammonia-Fueled Vessels’
(Posted on 15/05/25)ClassNK has released the ‘Guidelines for Safety Operation for Ammonia-Fueled Vessels’ for... Read more
Better safeguarding measures needed to support cadets at sea
(Posted on 07/05/25)Cadets are increasingly struggling to complete their cadetships due to a shortage of available placements... Read more
Algoma focuses on reliable service and fleet improvements
(Posted on 07/05/25)Algoma Central Corporation has reported its results for the three months ended March 31, 2025. Algoma... Read more
ClassNK releases ‘Prime Shipmanagement Guidelines’
(Posted on 01/05/25)ClassNK has released ‘Prime Shipmanagement Guidelines’ which aim to achieve sustainable... Read more
MCTC ensures quality remains at top of the table amid global tensions
(Posted on 30/04/25)In the face of unpredictable provisioning costs, port disruptions, and longer lead times MCTC has reinforced... Read more
NORDEN raises full-year guidance for 2025
(Posted on 28/04/25)On the back of the increased gains from sales of vessels and good operational performance, NORDEN, a... Read more
INTERCARGO welcomes ILO recognition of seafarers as key workers
(Posted on 28/04/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has welcomed the recent decision... Read more
MMS advises why seafarers must remain vigilant about malaria
(Posted on 25/04/25)Despite its lack of publicity, malaria remains an ongoing epidemic and a perilous threat to seafarers... Read more
