NYK recently finalized a contract for the construction and charter of a cutting-edge Very Large Crude Oil Carrier (VLCC) equipped with a main engine capable of running on methanol, a cleaner alternative fuel. The ship, featuring a large wave generator, is being built by Nippon Shipyard Co., Ltd. and will be chartered long-term to Idemitsu Tanker Co., Ltd. This collaboration between NYK, Idemitsu Tanker, Iino Kaiun Kaisha, Ltd., and Nippon Shipyard aims to create an environmentally friendly VLCC that adheres to the Malacca Max standards.
Methanol is a promising fuel for reducing greenhouse gas emissions, potentially cutting carbon dioxide emissions by up to 15% compared to heavy oil use. Further reductions can be achieved by using green methanol, produced from biomass or synthetic methanol (e-methanol) made from renewable energy sources. As part of NYK’s commitment to achieving net-zero greenhouse gas emissions by 2050, the company is looking to improve energy efficiency and reduce emissions through alternative fuels. This new VLCC, equipped with a dual-fuel main engine and a large wave generator for electricity generation, represents a significant step towards decarbonizing crude oil transport.
This innovative vessel signifies NYK’s dedication to sustainability and energy efficiency in maritime transportation. By incorporating advanced technology and alternative fuels, NYK’s fleet is making strides towards reducing emissions and minimizing environmental impact. The contract for this Dual-Fuel Methanol VLCC marks a pivotal moment in NYK’s journey towards a greener future for the shipping industry.
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