Mitsubishi Shipbuilding, a Yokohama-based company within the Mitsubishi Heavy Industries, has secured an order for 2 additional units of its cutting-edge Fuel Gas Supply System from Imabari Shipbuilding. The FGSS, a liquefied natural gas uel gas supply system designed for high-pressure dual-fuel marine engines, will be installed on 2 LNG-fueled bulk carriers to be constructed by Imabari Shipbuilding. The delivery of the FGSS units, along with LNG fuel tanks, is scheduled to commence from summer 2025.
The FGSS units ordered by Imabari Shipbuilding boast a range of innovative features that set them apart in the industry. Utilizing a modular design, the systems optimize cargo space layout, ensuring exceptional space-saving capabilities and easy maintenance access. This design approach not only streamlines the construction schedule at shipyards but also contributes to the vessels' overall efficiency. Additionally, Mitsubishi Shipbuilding's proprietary control system, which can be customized to meet specific customer requirements, enhances both operability and safety.
This latest order follows Mitsubishi Shipbuilding's previous success in supplying FGSS units to Imabari Shipbuilding Group. The company has already delivered a total of 18 high-pressure FGSS units, including those installed on the LNG-fueled car carriers "SWEET PEA LEADER" and "DAISY LEADER," both built by Imabari Shipbuilding Group. These vessels have successfully entered into service in October 2023 and March 2024, respectively. With the additional 2 units, Mitsubishi Shipbuilding will have supplied a total of 20 FGSS units to Imabari Shipbuilding Group, comprising 15 car carriers and 5 bulk carriers.
As part of MHI Group's strategic initiatives for energy transition, Mitsubishi Shipbuilding is committed to providing FGSS units to a wide range of customers involved in the construction of LNG-fueled vessels. By offering these advanced systems, the company aims to enhance the added value and competitiveness of ships while contributing to the reduction of greenhouse gas emissions through the widespread adoption of LNG-fueled vessels.
Mitsubishi Shipbuilding's role as a maritime system integrator positions the company at the forefront of the marine industry's decarbonization efforts. By promoting the use of LNG as a cleaner alternative fuel, Mitsubishi Shipbuilding is actively supporting the realization of a carbon-neutral world and reducing environmental impacts on a global scale.
As the demand for sustainable shipping solutions continues to grow, Mitsubishi Shipbuilding's FGSS technology is poised to play a crucial role in the industry's transition towards a greener future. With its commitment to innovation and environmental stewardship, Mitsubishi Shipbuilding is well-positioned to lead the way in decarbonizing the maritime realm, one vessel at a time.
TSE: 7011.T
Price: ¥4,280
Change: + 1.5%
The stock is currently in an uptrend, indicating positive market sentiment. The stock has found support at the ¥4,200 level, while resistance is observed at ¥4,400. The stock is trading above its 50-day and 200-day moving averages, suggesting a bullish trend. The MACD indicator is in positive territory, further confirming the upward momentum. The stock has recently retraced to the 38.2% Fibonacci level, which could act as a potential support level for future price action. The stock is trading near the upper Bollinger Band, indicating strong buying pressure. However, a potential pullback towards the middle band may occur in the near term. Overall, the technical analysis suggests a positive outlook for Mitsubishi Heavy Industries' stock, supported by the company's advancements in LNG-fueled vessel technology and its commitment to decarbonizing the maritime industry.
