Nippon Yusen Kabushiki Kaisha, MTI Co and Elomatic have completed the concept design phase of a new capesize bulk carrier and a very large crude oil tanker in a project that aims to build an LNG-fueled vessel that can be efficiently converted to an ammonia-fueled vessel, or ARLFV, an ammonia-fuel ready LNG-fueled vessel. The three companies are positioning ARLFVs as a next-bridge solution for the realization of future zero-emission vessels. In the future, the three companies will proceed with the actual design of an ARLFV with shipyards and marine equipment manufacturers. A “concept design” includes ship specifications such as overall length and width, load capacity, voyage distance, ship speed, etc, for a vessel building. In September 2021, NYK, MTI, and Elomatic launched a project to develop an ARLFV as a “next bridge solution” with the aim of developing zero-emission vessels in the future. In the past, it was generally shipbuilders that implemented concept designs, but in this project, NYK, MTI, and Elomatic have been jointly crafting the concept design of the ARLFV. In March 2022, the concept designs of a pure car carrier and a post-panamax bulk carrier were completed in Phase 1 of the project.