NYK Bulkship Transporting Neste Eco Friendly Renewable Diesel
NYK Group’s Singapore based company NYK Bulkship (Asia) Pte Ltd has signed a Contract of Affreightment with Fnlands Neste Oyj’s wholly owned subsidiary
NYK Group’s Singapore based company NYK Bulkship (Asia) Pte Ltd has signed a Contract of Affreightment with Fnlands Neste Oyj’s wholly owned subsidiary Neste Shipping Oy for the ocean transportation of renewable diesel. In December 2020, NYK Bulkship (Asia) made the first spot contract for the ocean transportation of renewable diesel, and delivery of the cargo was successfully completed in February 2021.
Neste Renewable Diesel is produced from globally sourced wastes and residues such as waste animal fat, residues from vegetable oil, used cooking oil. It is reported that the chemical properties of the product are similar to those of fossil diesel, and reduces Greenhouse gas emissions up to 90% compared to fossil diesel. NYK Bulkship (Asia), an MR (medium range) product/chemical tanker operator will be transporting the product from Singapore to North America for the COA.
NYK Bulkship (Asia) is aiming to further contribute to ocean transportation of renewable products including the Sustainable Aviation Fuel such as NRD in accordance with the NYK Group’s ESG management strategy.