Tata Steel, Mitsui OSK Lines sign MoU to develop eco-friendly shipping line

The move by the country's oldest steel producer reflects its larger sustainability goal and effort to reduce greenhouse gas emissions in supply chain

Tata Steel today said it has signed a Memorandum of Understanding (MoU) with Mitsui OSK Lines (MOL), a global marine transport group, to develop and deploy environment friendly shipping solutions.

The move by the country’s oldest steel producer is in line with its larger sustainability objective and efforts to reduce greenhouse gas emissions in the supply chain, said the company in its release.

“The objective of the agreement is to reduce greenhouse gas (GHG) emissions in the ocean transportation of raw materials for production of steel. In the initial stage, the partnership will explore the environmental benefits and commercial and