NYK will order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered in 2025.

This ship order is a part of a bulk carrier fleet development aimed at achieving net-zero greenhouse gas (GHG) emissions in the NYK Group's oceangoing businesses by 2050. The two ships will emit approximately no sulfur oxides (SOx), 80% less NOx, and 30% less carbon dioxide (CO₂) compared to existing conventional heavy oil-fueled vessels. Additionally, the vessels will be compliant with the IMO’s NOx (nitrogen oxide) emission regulations (Tier III).*

NYK is positioning LNG fuel as a bridge solution until future zero-emission ships can be realized. The company ordered the world's first LNG-fueled large coal carrier in 2019 and its first LNG-fueled capesize bulk carrier in 2021, in addition to four more LNG-fueled capsize bulk carriers in January 2022.

Going forward, we will continue with the gradual planned introduction of LNG-fueled vessels until the realization of zero-emission vessels that use marine fuels such as hydrogen or ammonia, which would have an even lower environmental impact.

On February 3, 2021, NYK released the “NYK Group ESG Story,” which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs through business activities. On March 24, 2022, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the "NYK Group ESG Story" and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective.

In addition, NYK has established "Sail GREEN" as the company’s ESG brand to emphasize NYK's efforts to reduce GHG emissions through the transport of goods and contribute to the eco-friendly supply chains of customers, regardless of the mode of transport (e.g., by sea or land, through terminals, etc.). The NYK Group seeks to promote new value creation as a sustainable solution provider to strongly promote ESG management.

<The NYK Group ESG Story>
A guideline detailing concrete efforts to integrate ESG into management strategies of the NYK Group. Details: https://www.nyk.com/english/news/2021/esg-story_01.html

<The NYK Group ESG Story 2022>
Details: https://www.nyk.com/english/news/2022/20220324_01.html

* NOx emission regulations (Tier III)
The IMO-adopted MARPOL Convention is the main international convention covering the prevention of the pollution of the marine environment by shipping. In line with MARPOL Annex VI (Regulations for the Prevention of Air Pollution from Ships) that came into effect on May 19, 2005, NOx emission controls (tier I controls) for diesel engines installed on vessels were implemented in Japan. Later the convention was revised, and a new NOx emission level (tier II controls) came into force on July 1, 2010. The revised regulation is a very strict one that aims to decrease NOx emission levels by a further 20 percent from that of the first regulation. Moreover, a third control was adopted in 2008, targeting vessels to be constructed from 2016 and limited to emission control areas, to seek the reduction of NOx emissions by about 80 percent from that of the first tier.