Tag: Tokyo Century

MOL Signs Japan’s First Sustainability-Linked Lease for Chemical Tanker

MOL Signs Japan’s First Sustainability-Linked Lease for Chemical Tanker

July 3, 2024 |

In Japan, Mitsui O.S.K. Lines (MOL) announced Japan’s first sustainability-linked lease agreement with Tokyo Century Corporation through its subsidiary MOL Chemical Tankers for the chemical tanker BONITA ANA. The lease agreement includes performance targets that, when met, will reduce lease payments, linking financial benefits to environmental achievements. Tokyo Century’s framework, utilizing a Japanese Operating Lease […]

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