JFE Steel Signs Long-term Charter for 3 LNG Fueled Ships
LNG Ship NYK

JFE Steel Signs Long-term Charter for 3 LNG Fueled Ships

JFE Steel Corporation has signed long-term deals with NYK Line, Kawasaki Kisen Kaisha and Mitsui OSK Lines to charter three 210,000-

JFE Steel Corporation has signed long-term deals with NYK Line, Kawasaki Kisen Kaisha and Mitsui OSK Lines to charter three 210,000-ton LNG-fueled bulk carriers for transporting iron ore and coal from overseas locations to JFE Steel’s steelworks in Japan. JFE Steel will become the first company in Japan to deploy LNG-fueled ships in the 210,000-ton class. The ships, which have been designed by Nihon Shipyard and will be built by Japan Marine United and Imabari Shipbuilding, are scheduled to be completed successively from the beginning of 2024. Each ship will have an overall length of less than 300m, beam of up to 50m, freeboard of up to 25m and draft of up to 18.4m. Maximum gross tonnage will be 110,800 tons and maximum deadweight capacity will be 210,000 tons (see illustration).

JFE Steel’s shift to LNG-powered transportation will support global efforts to create a more carbon-neutral world by reducing greenhouse gas emissions generated during international shipping. Using LNG instead of conventional heavy-oil fuels can reduce emissions of carbon dioxide by around 25-30%, sulfur oxides by roughly 100%, and nitrous oxides by around 85%.

JFE Steel also plans to consider using zero-emission ships powered by other eco-friendly fuels such as ammonia and carbon-recycling methane.

Outline of vessel

Length overall: approx. 299.9 meters

Breadth (moulded): approx. 50.00 meters

Draft (scantling): 18.4 meters

Deadweight Tonnage: approx. 210,000 tons

Contractor: Nihon Shipyard Co., Ltd.

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