NYK Contracts Dual-fuel Methanol VLCC for Idemitsu Tanker: Advancing Decarbonization in Shipping Industry
Key Ideas
- NYK signed a contract for a VLCC with a dual-fuel main engine capable of using methanol, aiming to reduce GHG emissions by 15% compared to heavy oil usage.
- The vessel will also be able to utilize green methanol or synthetic methanol for further CO2 emission reductions, aligning with NYK's goal of achieving net-zero GHG emissions by 2050.
- Equipped with a large shaft generator, this Malacca max VLCC will play a significant role in decarbonizing crude-oil transport in the future, showcasing energy efficiency advancements.
- Construction by Nippon Shipyard and a long-term charter with Idemitsu Tanker highlight collaborative efforts in the shipping industry towards sustainable practices and environmental responsibility.
On April 4th, NYK finalized a contract for the construction and charter of a Methanol-fueled Very Large Crude Carrier (VLCC) to be operated by Idemitsu Tanker. The vessel, designed as a Malacca max eco-friendly VLCC, will be equipped with a dual-fuel main engine capable of using methanol, a fuel expected to reduce greenhouse gas emissions by approximately 15% compared to traditional heavy oil. Additionally, the vessel will have the capacity to utilize green methanol or synthetic methanol for further reduction in CO2 emissions. NYK's focus on decarbonization, outlined in the NYK Decarbonization Story, aligns with the vessel's purpose to contribute to net-zero GHG emissions by 2050. With plans to enhance energy efficiency and cut emissions through alternative fuels, this innovative vessel signifies a step forward in the shipping industry's sustainability efforts. The vessel's principal specifications include a length of 339.5m, a breadth of 60.0m, and a deadweight of approximately 310,000 tons. Equipped with a large shaft generator, the ship is expected to significantly reduce fuel consumption and CO2 emissions, thereby leading the way in decarbonizing crude oil transportation. The collaboration between NYK, Idemitsu Tanker, IINO Kaiun Kaisha, Ltd., and Nippon Shipyard reflects a joint commitment to environmental responsibility and the adoption of green technologies in the maritime sector.