Tag: NYK Line

Japanese LNG carriers opt for Wärtsilä maintenance service
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Japanese LNG carriers opt for Wärtsilä maintenance service

A joint venture between Mitsui O.S.K. Lines (MOL) and JERA and a separate venture between Nippon Yusen Kabushiki Kaisha (NYK) and JERA have signed long-term service agreements with Wärtsilä. The agreements cover a total of four Japanese owned LNG Carriers. Wärtsilä’s Dynamic Maintenance Planning (DMP) service will be used to identify issues and maintain the...

NYK secures $81m loan for scrubbers and green projects
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NYK secures $81m loan for scrubbers and green projects

NYK has entered into a 9 billion yen (US $81 million) syndicated loan agreement to fund environmentally-friendly projects and the installation of scrubbers for the reduction of sulphur oxides (SOx) emissions and IMO 2020 compliance. NYK’s medium-term management plan includes the integration of environmental, social, and governance (ESG) initiatives into management strategy by establishing new...

Eight low-emission vessel concept designs
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Eight low-emission vessel concept designs

The shipping industry is ramping up its efforts to decarbonise by exploring the use of alternative fuels and technologies. Last week, a study led by Lloyd’s Register revealed that by 2030 zero emission vessels need to be entering the world fleet if the industry is to come close to achieving the IMO 2050 GHG emissions...

Japanese companies launch LNG bunkering business
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Japanese companies launch LNG bunkering business

“K” Line, Chubu Electric Power, Toyota Tsusho, and NYK Line have announced a joint liquefied natural gas (LNG) bunkering business in Japan. The companies have established two joint ventures as the first part of developing the LNG bunkering business, which will be focused in the Chubu (central region) of Japan. Venture 1, the bunkering business,...

NYK, JMU, and MTI propeller design claims 1.2% CO2 savings
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NYK, JMU, and MTI propeller design claims 1.2% CO2 savings

Nippon Yusen Kabushiki Kaisha (NYK), MTI, and Japan Marine United Corporation (JMU) have announced the development of a highly efficient propeller that claims to achieve a 1.2% reduction CO2 emissions and fuel consumption. The new propeller was designed and developed by analysing the conditions of a vessel’s propeller in actual operation. Observation of cavitation and...

Japanese companies begin discussions to develop LNG bunkering business
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Japanese companies begin discussions to develop LNG bunkering business

Kawasaki Kisen Kaisha (“K” Line), Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha (NYK Line) have begun joint discussions on the commercialisation of a new business to supply liquefied natural gas (LNG) to ships in the Chubu region of Japan. The four companies will discuss specific requirements for LNG customers and supply...