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.
It had aimed to invest a total of 200 billion yen in greener technologies through March 2024. But three-year spending will now rise by between 100 billion yen and 200 billion yen, thanks to a "significant increase in free cash flow" from the global shipping boom, Hashimoto said.
