In a significant step towards eco-friendly maritime transport, Mitsubishi Shipbuilding Co., Ltd., a Yokohama-based company within the Mitsubishi Heavy Industries, celebrated the christening and launch of the TRANS HARMONY GREEN, an LNG-powered RO/RO ship. The ceremony, held at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, marked the first of two vessels under construction for Toyofuji Shipping.
The TRANS HARMONY GREEN boasts impressive dimensions, measuring approximately 195 meters in overall length and 30.6 meters in breadth, with a gross tonnage of approximately 49,500. The vessel's capacity allows for the simultaneous transportation of about 3,000 passenger cars, making it a highly efficient and versatile addition to Toyofuji Shipping's fleet.
One of the most notable features of the TRANS HARMONY GREEN is its dual-fuel propulsion system. The ship's main engine and main generator engine are high-performance dual-fuel engines, capable of running on either liquefied natural gas or diesel fuel. This innovative technology enables a remarkable reduction in environmental impact, with CO2 emissions cut by more than 25% compared to ships of the same hull powered by fuel oil. Additionally, the use of LNG nearly eliminates SOx emissions, further contributing to the vessel's eco-friendly credentials.
The christening and launch ceremony marks a significant milestone in the construction process, with the ship's handover scheduled for late January 2025 following the completion of outfitting work and sea trials. Once operational, the TRANS HARMONY GREEN will serve as a RO/RO vessel on Toyofuji Shipping's Asian routes, enhancing the company's capacity and efficiency in the region.
Mitsubishi Shipbuilding's commitment to building LNG-powered ships aligns with MHI Group's strategic initiatives for energy transition and its dedication to realizing a carbon-neutral world. By constructing vessels that enable the maritime industry to reduce its carbon footprint, Mitsubishi Shipbuilding is playing a crucial role in the global effort to combat climate change and promote sustainable transportation.
As a maritime system integrator, Mitsubishi Shipbuilding continues to collaborate with its business partners to address diverse challenges within the industry. The company's focus on constructing ferries and RO/RO ships that deliver exceptional energy and environmental performance while ensuring stable operations at sea positions it at the forefront of the maritime industry's transition towards a greener future.
TSE: 7011.T
Price: ¥4,280
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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.
