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Powered by shipping boom, Mitsui O.S.K. pours cash into green fuel

Japanese shipper doubles 3-year decarbonization investment to $3.5bn

Mitsui O.S.K. sees ammonia as a key alternative to carbon-spewing conventional fuels.

TOKYO -- Japanese maritime shipping company Mitsui O.S.K. Lines will up to double investment in decarbonization efforts to the order of 400 billion yen ($3.5 billion) over three years compared with previous plans, President Takeshi Hashimoto told Nikkei in an interview.

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