NYK joins zero- emission vessel coalition
THE Nippon Yusen Kaisha (NYK Group) has joined the “Getting to Zero Coalition” aimed at accelerating the maritime shipping’s decarbonization to address the unprecedented and enduring changes in the ocean.
NYK aims to contribute to the environmental preservation for maintaining a sustainable society.
The Getting to Zero Coalition is a partnership among the Global Maritime Forum, the Friends of Ocean action, and the World Economic Forum that builds on the Call to Action in Support of Decarbonization, which was signed by more than 70 leaders from across the maritime industry and financial institutions.
The Coalition was committed to getting commercially viable deepsea zero- emission vessels powered by zero- emission fuels into operation by 2030 to realize the International Maritime Organization’s (IMO’s) ambition to reduce greenhouse gas (GHG) emissions by at least 50 percent by 2050.
In its medium-term management plan “Staying Ahead 2022 with Digitalization and Green”, NYK announced the group’s intent to integrate environmental, social, and governance (ESG) initiatives into management strategy to positively address the tough issues that challenge our society.
NYK has positioned climate change as one of the company’s most important issues, and is working to implement next-generation fuels such as LNG fuels to aid marine-fuel decarbonization.
Meanwhile, the NYK Group announced the delivery of its new ship, Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine technology that enables the vessel to be powered by methanol.
Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.
The vessel will be chartered to Waterfront Shipping Company Limited ( WFS), a wholly- owned subsidiary of Methanex Corporation, the world’s largest producer and supplier of methanol.
“Making use of the NYK Group’s attentive, safety-focused vessel management featuring advanced, new technology, we plan to fully meet the expectations of WFS. We will continue to transport cargo for customers around the world by corresponding to individual demands and strengthening our knowledge of new technologies,” said Takeshi Kishi, managing director of NYK Bulkship (Asia) Pte. Ltd.
As a marine fuel, methanol is safe, biodegradable, and clean-burning, offering compliance with the IMO 2020 regulations by reducing sulphur oxides (SOx) by approximately 99 percent.