Mitsui O.S.K. Lines and Pyxis sign a MoU for research, development, construction, and expansion of marketing channels in Japan for electric propulsion vessels

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Mitsui O.S.K. Lines, Ltd. and Pyxis Maritime Pte Ltd, a startup company aiming to own and sell electric propulsion vessels, in response to the growing environmental awareness surrounding the shipping industry, will jointly research, develop, and construct EV ships with the aim of commercializing EV ships within the Singapore area, and introduce EV ships in Japan. We agreed to collaborate on marketing aimed at expansion and signed a memorandum of understanding. Going forward, in addition to our knowledge as a shipping company, we will leverage Pyxis' flexible ideas and decision-making speed as a startup company to promote efforts to commercialize EV ships.

Signing ceremony
(MOL Senior Managing Executive Officer Nobuo Shiotsu, Pyxis Founder, Mr. Tommy Phun)

The Mitsui O.S.K. Lines Group has positioned environmental strategy as one of the key strategies in its management plan, ``BLUE ACTION 2035,'' and has set a goal of becoming the first company in the Japanese ocean shipping industry to achieve net zero GHG by 2050 We will work with Pyxis to introduce clean energy. Going forward, through this cooperative relationship, both companies plan to involve the shipping industry and their respective stakeholders, combine their knowledge, and implement strategic initiatives toward decarbonization while closely monitoring trends in the introduction of environmental regulations. is.

Nobuo Shiotsu, Senior Managing Executive Officer of Mitsui O.S.K. Lines, said, ``We are pleased to sign a memorandum of understanding with Pyxis, which is committed to introducing and expanding EV ships in the Singapore region. We are confident that this will be a major step forward. Promoting the introduction of EV ships is one way to solve environmental issues, and to achieve this, it is essential to cooperate with trustworthy partners who have the same aspirations. ” commented.

Pyxis Founder Tommy Phun said, ``We are delighted to be able to build a relationship with Mitsui O.S.K. Lines, a leader in the shipping industry.With this memorandum, we hope to contribute to the decarbonization of the shipping industry in Singapore and Japan as well. We would like to jointly conduct research, development, and construction.''

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