August 6, 2019
Asahi Tanker Co., Ltd.
Exeno Yamamizu Corporation
Mitsui O.S.K. Lines, Ltd.
Mitsubishi Corporation
Asahi Tanker, Exeno Yamamizu, MOL and MC Agree on Strategic Partnership
To Develop Zero-emission Fully Electric Vessels
TOKYO— Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines Ltd.,and Mitsubishi Corporation today announced their agreement to create a strategic
partnership to provide new infrastructure services in the marine shipping industry that
focus on electrically powered vessels. Their newly established company, e5 Lab. Inc.
(e5 Lab) will work to develop and promote the greater use of these relatively cleanmodes of marine transport.
There are a number of challenges facing Japan’s shipping industry (see below), which
e5 Lab will seek to address by consolidating the technologies, know-how andnetworks of its four major shareholders. The new company will develop a platform toprovide a lineup of services that takes advantage of electrically powered vessels andother cutting-edge technologies. The aim is to leverage this platform to encouragesustainable growth and development within the marine shipping industry.
[7 Challenges To Be Addressed by e5 Lab]
1. Control greenhouse gas (GHG) emissions and help to combat the adverse impactsof climate change by converting vessels to electric propulsion.
2. Improve working environments and mitigate crew shortages by upgrading
onboard communications systems.
3. Leverage sophisticated sensor technologies to improve ship maintenance andmanagement, thereby ensuring that aging vessels can be operated as safely as
possible
4. Leverage autonomous sailing technologies and big data to provide onshore
support for crews and contribute to safe, reliable and efficient ship operations.
5. Offer an electric-vessel platform to all stakeholders in the marine shippingindustry (including shipbuilders, equipment manufacturers, ship owners andoperators, and cargo owners), standardize vessels and otherwise help to develop
a sustainable growth model within the industry.
6. Propose standards on the swift and broader application of next-generation
technologies.

7. Leverage large-capacity, rechargeable batteries to provide emergency backup
power and otherwise assist with the business continuity planning of localcommunities.
The first objective for e5 Lab will be to build the world’s first zero-emission tanker by
mid 2021. The tanker will be a coastal vessel powered by large-capacity batteries andwill operate in Tokyo Bay. The company will also develop other kinds of electricallypowered vessels to address the abovementioned challenges.
Furthermore, e5 Lab will actively promote the electrification of both coastal andocean-going vessels, and pool the technologies, human resources and operational
know-how needed to achieve the 50% GHG reduction target of the International
Maritime Organization (IMO) as soon as possible (the IMO wants to see annualemissions drop to half of their 2008 levels by the year 2050).
By delivering five kinds of e-value (“Electrification,” “Environment,” “Evolution,”“Efficiency,” and “Economics”) e5 Lab will offer new innovation to society.
[“e5” zero-emission, fully electric vessel promotion video]

Japanese version : https://youtu.be/6sJjzCbRFWw
English version: https://youtu.be/JLDTYzr3Jt0【Profile of e5 Lab. Inc.】
Representative

President Tomoaki Ichida

Paid-in capital¥50 million (including capital reserve)

Shareholders

Asahi Tanker Co., Ltd. : 30%
Exeno Yamamizu Corporation: 30%
Mitsui O.S.K. Lines, Ltd.: 20%
Mitsubishi Corporation: 20%

Address
Businesses

1-1-3 Otemachi, Chiyoda-ku, Tokyo
1. Planning and development of full electric vessels
2. Activities to broaden the use of full electric vessels
3. Management of full electric vessel intellectual
property rights

Commencement ofAugust 2019businessSupporting

Japan Railway Construction, Transport and Technology

companies,

Agency (JRTT) (technical support)

incorporated

ClassNK (Classification)foundations, etc.

Shipbuilding Research Centre of Japan (basic design)
ClassNK Consulting Service Co., Ltd. (risk assessment)
Kawasaki Heavy Industries, Co., Ltd. (power plant/system integration)
Tokyo Electric Power Company
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Other energy companies, etc.

[Reference]
Profile of Asahi Tanker Co., Ltd.
Address of headquarters:1-2-2 Uchisaiwai-cho, Chiyoda-ku, Tokyo
Founded: 1951
Businesses: An ocean shipping company that operates around 150 tankers designed
for cargoes of petroleum, chemical, LPG, and other products. Asahi
Tanker offers both coastal and ocean shipping services, the former ofwhich serve major petroleum companies and trading houses. The
company’s ocean-going crude oil tankers, chemical tankers and producttankers are operated worldwide.
Representative:

President Kazunori Nakai

Profile of Exeno Yamamizu Corporation
Address of headquarters: 1-1-3 Otemachi, Chiyoda-ku, Tokyo
Founded: 1947
Businesses: Broking service for ocean freight, ships chartering, S&P and marine
equipment. It focuses on consulting services for creating new ocean
logistics and new ship building.
Representative: President Hisaaki Masuda
Profile of Mitsui O.S.K. Lines, Ltd.
Address of headquarters: 2-1-1 Toranomon, Minato-ku, Tokyo
Founded: 1884
Businesses: A multi-modal transport group that meets the needs of the modern era ina wide variety of fields, such as various types of dry bulkers for iron ore,coal, and wood chips, tankers that carry crude oil, LNG carriers thattransport liquefied natural gas (LNG), car carriers, and containershipsthat carry various products.
Representative: President & CEO: Junichiro Ikeda
Profile of Mitsubishi Corporation
Address of headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo
Founded: 1954
Businesses: A global integrated business enterprises with operations covering a widerange of industries and organized into 10 Business Groups (Natural GasGroup, Industrial Materials Group, Mineral Resources Group, Industrial
Infrastructure Group, Automotive & Mobility Group, Food Industry Group,
Consumer Industry Group, Power Solution Group, and Urban
Development Group).
Representative: President and CEO Takehiko Kakiuchi

For further information on the new company, please contact:
Asahi Tanker Co., Ltd.

EV Ship Project Team, Corporate PlanningDivision(TEL:03-3508-1637)

Exeno Yamamizu Corporation

e5 Project Officehttps://www.exeno.co.jp/en/contact/
Media Relations Team,Mitsui O.S.K. Lines, Ltd.

Corporate Communication Division(TEL:03-3587-7015)

Mitsubishi Corporation

Media Team, Public Relations Division(TEL:03-3210-2171/FAX:03-5252-7705)