NYK to order two LNG-fueled large coal carriers

NYK will order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered in 2025.

This ship order is a part of a bulk carrier fleet development aimed at achieving net-zero greenhouse gas emissions in the NYK Group’s oceangoing businesses by 2050. The two ships will emit approximately no sulfur oxides, 80% less NOx, and 30% less carbon dioxide compared to existing conventional heavy oil-fueled vessels. Additionally, the vessels will be compliant with the IMO’s NOx emission regulations.

NYK is positioning LNG fuel as a bridge solution until future zero-emission ships can be realized. The company ordered the world’s first LNG-fueled large coal carrier in 2019 and its first LNG-fueled capesize bulk carrier in 2021, in addition to four more LNG-fueled capsize bulk carriers in January 2022.

Going forward, we will continue with the gradual planned introduction of LNG-fueled vessels until the realization of zero-emission vessels that use marine fuels such as hydrogen or ammonia, which would have an even lower environmental impact.

＜ Outline of Vessel Specifications ＞

In February 2021, NYK released the “NYK Group ESG Story,” which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs through business activities. In March 2022, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the “NYK Group ESG Story” and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective.

In addition, NYK has established “Sail GREEN” as the company’s ESG brand to emphasize NYK’s efforts to reduce GHG emissions through the transport of goods and contribute to the eco-friendly supply chains of customers, regardless of the mode of transport. The NYK Group seeks to promote new value creation as a sustainable solution provider to strongly promote ESG management.