NYK has agreed a memorandum of understanding (MoU) for the consecutive building of LNG-fuelled Pure Car and Truck Carriers (PCTC) at Shin Kurushima Dockyard and Nihon Shipyard in Japan.
Some 12 new ships are planned to be built, six vessels each at the two shipyards.
The ships will be delivered successively from fiscal 2025 to fiscal 2028.
NYK says the construction of LNG-fuelled ships is in line with the PCTC fleet replacement plan to achieve its environment management target, to reduce CO2 emissions per ton-kilometre of transport by 50% by 2050.
The use of LNG fuel, in addition to hull modification to improve fuel economy, will contribute to a reduction of CO2 emissions by around 40% compared to ships using conventional heavy fuel oil.
Through its Sail Green project, NYK’s Automotive Transportation Headquarters has been promoting the transition of upcoming newly-built PCTCs to vessels which are LNG-fuelled and this started with Sakura Leader, which was delivered in October 2020 and was the first LNG-fuelled PCTC to be built in Japan.
The company has plans to launch eight LNG-fuelled PCTCs by 2024. Including these additional 12 new vessels, NYK’s total number of LNG-fuelled PCTCs will increase to 20 by fiscal 2028, with a total investment of around JPY200bn (US$1.8bn).
NYK aims to further advance to zero-emission vessels using marine fuels that have a lower environmental impact, such as hydrogen and ammonia, from around 2030. For the moment, NYK is positioning LNG fuel as a bridge solution until future zero emission ships can be realised.
On 3 February, NYK released the NYK Group ESG (Environmental, Social, Corporate Governance) 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 promote ESG management, the NYK Group will actively promote replacement of its PCTC fleet to be eco-friendly.
NYK’s Sail Green project is being promoted by NYK’s Automotive Transport Headquarters to reduce CO2 emissions at all the transportation stages of vehicles and contribute to the eco-friendly supply chains of customers.
The chief component of the project is a switch to LNG-fuelled PCTCs, which emit less CO2 compared to conventional heavy-fuelled vessels.
In addition, reducing CO2 emissions at finished-car logistics terminals which NYK operates throughout the world, as well as during short sea and inland transportation, is also an important target of the project.