Samudera Shipping buys stake in NYK LNG EW

Samudera Shipping Line is boosting its stake in the liquified natural gas shipping joint venture LNG East-West Shipping (LNG EW). The Singapore-listed company said in a filing it had struck a deal to purchase close to 8.6m ordinary shares from Japan’s Nippon Yusen Kaisha (NYK) corresponding to about 25% stake in the LNG EW. The

NYK launches new ammonia designs

Nippon Yusen Kaisha (NYK), MTI and Elomatic have completed the concept design phase of a new capesize bulk carrier and a very large crude oil tanker (VLCC) in a project that aims to build an LNG-fuelled vessel that can be efficiently converted to an ammonia-fuelled vessel. The three companies are positioning these new hybrids as

JERA signs an agreement with MOL and NYK

JERA, a joint venture between utilities TEPCO and Chubu Electric Power Company, has signed memorandums of understanding today with the nation’s two largest shipping lines, Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK), to cooperate in transporting ammonia for the Hekinan Thermal Power Plant, which is expected to begin commercial operation in the late

Taskforce sets priorities for iron ore green corridor

Getting to Zero Coalition members and Australian shipping and energy stakeholders formed a taskforce in June to support the development of the Australia-East Asia Iron Ore Green Corridor. The proposed green corridor would facilitate the transport of iron ore along a shipping route that supports net-zero-emission fuels. Taskforce participants came together for an in-person roundtable

NYK, K Line, MISC and China LNG order more gas ships

A quartet of Asian shipping powerhouses have won the next tranche of business in the huge QatarEnergy fleet expansion project. A consortium comprising Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) from Japan, Malaysia’s MISC and China LNG Shipping, the Cosco/China Merchants joint venture, have ordered five 174,000 cu m LNG carriers at

NYK developing onboard waste-to-energy solution

Nippon Yusen Kaisha (NYK) will work with LPG distributor Astomos Energy on a project to convert organic material onboard ships into fuel. The two Japanese companies are working with Sustainable Energy Development, a company NYK invested in two months ago, on the study which will aim to have installed an organic waste treatment system that

NYK, Astomos and Sustainable Energy to study marine biofuel output from trash

Japanese shipping firm Nippon Yusen Kaisha (NYK) and LPG importer Astomos, together with domestic energy supply firm Sustainable Energy, plan to work on producing marine biofuel from combustible trash on ocean-going vessels during voyages. The three companies have agreed to equip vessels by the mid-2020s with an integrated subcritical water organic waste power generation (ISOP)

Japanese moving forward in ammonia ship race

Japan is pressing ahead with its own ammonia carrier plans. Nippon Yusen Kaisha (NYK), Japan Engine Corporation, IHI Power Systems, and Nihon Shipyard has received approval in principle (AiP) from ClassNK for an ammonia-fueled ammonia gas carrier. At present, there are no international regulations for the use of ammonia as marine fuel. Therefore, the consortium

DSME delivers second shuttle tanker to Knutsen NYK

A dual-fuel LNG shuttle tanker1 ordered by Knutsen NYK Offshore Tankers AS,2 which is an affiliate of NYK, was delivered at Daewoo Shipbuilding & Marine Engineering Co. Ltd. The vessel has been named “Sindre Knutsen.” Like its sister ship “Frida Knutsen,” which was delivered on 2 August, this vessel will be a dual-fuel shuttle tanker

NYK wins LNG charter contract with Q United Energy

Nippon Yusen Kaisha (NYK) has won a long-term LNG charter contract with Q United Energy Supply & Trading, a subsidiary of compatriot Japanese firm Kyuden Group, which runs utility Kyushu Electric Power Co. NYK has contracted South Korea’s Samsung Heavy Industries to build a 174,000 cu m ship for delivery in 2024. However, prices for