Asia is already on both sides of this market

There is one more reason this market is hard to file under "a European story". ## The issuing side On 15 February 2024 the Japanese shipping line **Mitsui O.S.K. Lines (MOL)** issued carbon insets on the 123Carbon registry. The announcement described MOL as the first shipping company in the Asia-Pacific region to issue carbon insets on the 123Carbon registry. The subject was a **bio-methanol fuelled vessel**, and third-party assurance was provided by **Verifavia**. Allocation follows what the announcement calls an internationally developed book-and-claim methodology. ## The buying side As covered in report 2, **Samsung Biologics** is among the 14 published buying companies in the aviation certificate buyers' alliance. ## Put together A Korean company on the buying side, a Japanese shipping line on the issuing side. Asia is not an audience for this market; it is a participant. One thing to state plainly. MOL's announcement **does not give the number of certificates issued, the tonnes reduced, the route, or the buyer.** Values that were not published have not been filled in from secondary coverage. ※ This article cites published material. The companies and bodies named have no contractual relationship with us. --- This article expands one section of LCS EAC special report 3, *Who Vouches for It*. The full report works from published material by 123Carbon and DP World and from SBTi's Corporate Net-Zero Standard V2.0 as primary sources, and does not fill in values that were never published.