NYK has decided to order four new LNG-fueled capesize bulk carriers, two from Nihon Shipyard Co Ltd and one each from Namura Shipbuilding Co Ltd and Shanghai Waigaoqiao Shipbuilding Co Ltd, the latter of which is a subsidiary of China State Shipbuilding Corporation Limited. The vessels are scheduled to be delivered sequentially from fiscal 2024 to fiscal 2025.

These ship orders are part of a capesize bulk carrier fleet development aimed at achieving net-zero greenhouse gas emissions in the NYK Group's oceangoing businesses by 2050. The four ships will emit approximately no sulfur oxides, 85% less NOx, and 40% 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 and has already decided to build the world's first LNG-fueled large coal carrier in 2019 and its first LNG-fueled capesize bulk carrier in 2021.

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 (Sustainable Development Goals) through business activities. To strongly promote ESG management, the NYK Group will actively promote the replacement of its bulker fleet to next-generation eco-friendly ships and encourage new value creation as a sustainable solution provider.

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Strategic Research Institute

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