NYK Becomes First Japanese Ship Owner to Partner with Singapore’s GCMD for Decarbonization

Singapore-based GCMD announced that NYK, a Japan-headquartered organization, has become its first strategic partner from Japan. Despite being the world’s third-largest ship owner, this is the first time a Japan-based company has joined the center. NYK operates a fleet of over 800 large ocean-going vessels, including bulk carriers, tankers, container ships, and LNG carriers. The partnership with GCMD will enhance the center’s capability to conduct pilot projects and trials of decarbonization technologies.

This collaboration between NYK and GCMD is not their first encounter. NYK previously participated in a GCMD study on ammonia bunkering and conducted a pilot project in February 2023, testing a B24 blend of VLSFO biofuel on the vessel Lycaste Peace. The aim was to develop a safeguards framework for drop-in biofuels. The experience gained from their previous cooperation provides a strong foundation for their strategic partnership.

Takaya Soga, the President and CEO of NYK, expressed his honor in becoming GCMD’s strategic partner, emphasizing the significance of this alliance in reducing greenhouse gas emissions from the maritime sector. Soga looks forward to collaborating with GCMD and all its partners to promote the adoption of various decarbonization solutions within the industry. Professor Lynn Loo, the CEO of GCMD, praised NYK for their commitment to decarbonization and Japan’s reputation as a major maritime nation. This strategic partnership will formalize and strengthen their existing relationship as they jointly work on developing low-carbon solutions for international shipping.

In summary, NYK’s partnership with GCMD marks an important milestone for the center, as it gains its first strategic partner from Japan. The extensive fleet owned by NYK will contribute to the center’s efforts in exploring and implementing decarbonization technologies. This collaboration builds upon their past engagement, demonstrating their commitment to finding sustainable solutions for the maritime industry.

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