NYK strikes long-term LNG charter deal with Sinopec

Japanese shipowner Nippon Yusen Kaisha (NYK) has landed a long-term LNG charter deal with China Petroleum & Chemical Corporation (Sinopec). The contract will see NYK ship LNG to China for up to 23 years, beginning in 2024 or later. No further details have been disclosed. Sinopec has been working to secure vessels to facilitate the

NYK, CODELCO developing zero CO2 ammonia bulker

NYK Bulk & Project Carriers (NBP), Oshima Shipbuilding, and Sumitomo have signed a memorandum of understanding to study, design, and construct the world’s first ammonia dual fuel handymax bulk carrier that is claimed will reduce CO2 emissions to zero. This MoU comes a year after Chilean state-owned copper producer Corporación Nacional del Cobre de Chile

NYK commences conversion of ammonia-fuel tugboat

NYK has started to conversion of a tugboat to ammonia-fuel which it says is a world first. The LNG-fuelled tugboat Sakigake is being converted to run on ammonia at Keihin Dock Co. Ltd. Dubbed, A-Tug, the vessel’s entire engine and fuel tank will be replaced. NYK said the yard will cut the engine room to

World’s first LNG-fuelled panamax commences operation

The world’s first LNG-fuelled panamax bulk carrier has started operating. The coal carrier, owned by Nippon Yusen Kaisha (NYK) and on charter to Kyushu Electric Power (Kyuden), was built at Oshima Shipyard and is called Shoyo. The ship’s first LNG bunkering took place yesterday. LNG is shipping’s top alternative fuel today, with methanol beginning to

MOL, NYK and K Line join forces to develop hydrogen carriers

Japan’s three largest shipowners are joining forces with Kawasaki Heavy Industries and industrial gas firm Iwatani Corporation to develop hydrogen carriers together. Mitsui OSK Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) are each taking a 16.6% in new firm JSE Ocean, designed to quickly build up Japan’s maritime hydrogen supply

NYK and MOL to study marine transportation of LCO2

Japanese shipping majors NYK and Mitsui O.S.K. Lines (MOL) have been commissioned to study liquefied CO2 transport by vessels as part of a carbon dioxide capture and storage (CCS) project in Japan. As disclosed, the companies were selected by a consortium comprising ENEOS Corporation (ENEOS), Electric Power Development Co., Ltd. (J-POWER), and JX Nippon Oil

Blue ammonia expected to be available for maritime industry by 2027

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The report titled ‘Will CO2 storage limit blue fuel availability for

NYK trials biofuel along with Asahi Shipping & Kobe Steel

Japanese shipping heavyweight Nippon Yusen Kabushiki Kaisha (NYK) in cooperation with its subsidiary Asahi Shipping and compatriot steel production major Kobe Steel has completed a biofuel ship-to-ship bunkering operation on the bulk carrier Sunrise Serenity. The vessel was supplied with biofuel by Toyota Tsusho Marine Fuels Corporation and consumed biofuel on its route to the

NYK invests in ammonia as fuel of the future

A shipping line more heavily invested than most in ammonia as a future fuel has outlined plans to develop a bunkering boom for the gas. Nippon Yusen Kaisha (NYK) and TB Global Technologies, Japan’s top manufacturer of cargo handling equipment for crude oil, liquefied natural gas (LNG), and other liquids, have signed a basic agreement

GCMD and NYK agree to collaborate on low-carbon shipping

NYK will join the GCMD as a strategic partner, after previously conducting trials on biofuels and starting projects on ammonia bunkering.