NYK has concluded
a long-term consecutive voyage charter (CVC) contract with JFE Steel
Corporation for a new large bulk carrier that uses LNG (liquefied natural gas)
as its main fuel. This vessel will be the first LNG-fueled capesize bulk
carrier to be built by NYK. The ship will be delivered in early 2024 and will
be used in the Pacific trade of iron ore and coal for JFE.
This vessel will
be equipped with a state-of-the-art WinGD-made dual-fuel slow-speed diesel
engine (i.e., X-DF diesel engine 2.0) and compliant with IMO’s NOx (nitrogen
oxide) emission regulations (Tier III).
This ship will
emit approximately no sulfur oxides (SOx), 85% less NOx, and 25-30% less carbon
dioxide (CO2) compared to conventional heavy oil-fueled vessels. In addition,
due to careful consideration of the equipment and arrangement of the LNG fuel
tank and LNG fuel supply system, this ship will maintain the loadable quantity
and cargo hold capacity of conventional bulk carriers of the same size despite
the increased weight of additional equipment.
NYK will prepare the LNG bunkering system by the time the vessel is
NYK will prepare
the LNG bunkering system by the time the vessel is delivered, anticipating that
LNG fuel will be replenished by ship-to-ship bunkering when calling ports in
the Chugoku region of Japan.
NYK aims to
further advance to zero-emission vessels utilizing marine fuels that have a
lower environmental impact, such as hydrogen and ammonia. For the moment, NYK
is positioning LNG fuel as a bridge solution until future zero emission ships
can be realized.
On February 3, 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 (Sustainable Development Goals) through business activities. To
strongly promote ESG management, the NYK Group will actively promote the
replacement of its bulker fleet to next-generation eco-friendly ships and
encourage new value creation as a sustainable solution provider.