Nippon Yusen Kaisha News

At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026, one of several alternatives the industry is tapping to shrink a carbon footprint that contributes nearly 3% of global emissions.But ammonia faces major cost and safety hurdles as a shipping fuel compared to liquefied natural gas (LNG)…

The shipping industry is looking into ammonia as an alternative fuel for powering ships, amid other ongoing plans to cut carbon emissions and achieve net-zero by 2050.Here is a list of companies with ammonia-fuelled ship projects:NIPPON YUSEN KAISHA (NYK)NYK, with IHI Power Systems and Nippon Kaiji Kyokai (ClassNK), completed the world's first ammonia-fuelled tugboat, Sakigake, on Aug. 23. The vessel will operate in Tokyo Bay for three months.NYK is also building the world's first ammonia-fuelled medium gas carrier…

Singapore-based liner company Ocean Network Express (ONE) has released its Sustainability Report 2024 which indicates that it has achieved a 62% reduction in Scope 1 emissions intensity in FY2023 from a 2008 baseline.These efforts have yielded a 21% reduction in emissions intensity from 2018 to 2023.ONE has also received approval in principle for an ammonia dual vessel along with an investment in 12 13,000 TEU methanol dual-fueled vessels. The newly constructed container ships are slated for delivery in 2027.

The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.The expansion, aimed at reducing the average age of the company's fleet, is set to include investment in vessels to transport liquefied natural gas (LNG).Indonesia is a major producer and exporter of LNG.

Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million.Macquarie did not disclose any further details on the deal, and declined to comment on Reuters' request seeking confirmation of the sale value.The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale, citing sources familiar with the matter.The deal value could be at the lower end of what the Wall Street Journal reported…

Australia's Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the matter.The financial conglomerate acquired full control of the general cargo stevedoring operations in 2019 from Tokyo-based shipping and logistics firm Nippon Yusen Kaisha (NYK Line).Ceres moves about 4.3 million containers annually at several major ports in the United States, according to its company website.The shipping industry globally has been under pressure as supply-chain bottl

Japanese shipping company Ocean Network Express Pte. Ltd (ONE) on Wednesday announced it has ordered 10 new 13,700 TEU vessels for delivery in 2025 and 2026, adding more tonnage to the industry's crowded containership orderbook.ONE, which is jointly owned by the Japanese shipping lines Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and Kawasaki Kisen Kaisha ("K" Line), did not reveal financial details or where the vessels will be constructed.The 10 new vessels will be ready for methanol and ammonia fuel and equipped with a bow cover and other energy saving technologies, ONE said.

Nippon Yusen Kaisha (NYK) and GHELIA INC. (Ghelia) have entered into a business and capital alliance agreement that comes with an investment by NYK in Ghelia. The two companies will collaborate on R&D for autonomous ships, avoidance navigation, etc., as well as promote DX by introducing Ghelia’s AI technologies to business processes in various NYK divisions.The shipping industry has recently seen a number of requests involving the development and design of digital engineering and digital twins…

Pertamina International Shipping, a unit of Indonesia's state energy firm, aims to invest up to $3 billion over the next five years to rejuvenate and expand its fleet, including investing in vessels to transport liquefied natural gas, an executive said. Pertamina International Shipping (PIS) operates more than 400 vessels, including three very large crude carriers (VLCC) and two very large gas carriers (VLGC). "We will invest big in replacing vessels," Wisnu Santoso, a director at PIS told reporters on Tuesday.

MacGregor, part of Cargotec, has secured a new equipment order for four PCTC vessels being built by China Merchants Jinling Shipyard (Nanjing) in China for Japan's Nippon Yusen Kaisha (NYK Line). The order includes a wide range of electrically operated equipment and encompasses quarter stern ramps and doors, side ramps and doors, internal ramps and covers, internal doors, and a liftable car deck. MacGregor said that its Load Monitoring System, which is also included in the order…

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has joined the international DecarbonICE project that will be conducting a feasibility study to capture onboard carbon as dry ice and store it in seafloor sediments.The shipping industry is looking for carbon-free solutions to achieve the IMO 2050 target of a 50% CO2 emissions reduction (compared to the 2008 level). In response, new zero-carbon solutions are being developed around the globe, including alternative low-carbon fuels such as LNG fuel that can be used in place of heavy oil.The DecarbonICE project was launched on October 1 by the Denmark-based Maritime Development Center…

Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.The conference has been held every year since 2010 to promote safety through the exchange of ideas and the sharing of information about recent incidents with shipowners and ship-management company personnel in charge of vessel management.The Dry Bulk Division’s goal is to become the world’s leading dry bulk fleet, and to achieve this aim…

Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine tech that allows the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.Takaroa Sun was built with the MAN Energy Solutions second-generation B&W ME-LGIM two-stroke dual-fuel engine that runs on both methanol and conventional marine fuel.

Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental, social, and governance) criteria, for a 17th straight year.The DJSI, which is a major global index for companies engaging in ESG initiatives, is composed of selected sustainability-driven companies from over 3,500 worldwide companies invited to participate in a selection process consisting of an in-depth analysis of economic, environmental, and social criteria, such as corporate governance, risk management, climate change, and stakeholder relations.In addition…

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has been recognized with the 2019 Seafarers Safety Initiative Grand Prize awarded by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the company’s seafarer safety activities.The award recognizes NYK’s initiatives to prevent human accidents and utilize engine data.

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) said that it has started a new approach to track loggerhead sea turtles (listed on the IUCN Red List of Threatened Species) in the Kishu Minabe Sea Turtle Research Project sponsored by NYK and conducted by the NPO Earthwatch Japan.Earthwatch, a non-profit organization established in 1971 in Boston, is an international nongovernmental organization. It provides researchers with both human and financial support for overseas field research and surveys."This research project is conducted at Minabecho in Wakayama prefecture, which is where most loggerhead sea turtles lay their eggs on the main island of Japan.

The Japanese Shipping Company Nippon Yusen Kaisha (NYK) have jointly developed a new fuel-oil additive for low-sulphur compliant fuel-oil that meets SOx emission requirements.Yunic 800VLS (patent pending) is Japan’s first additive for very low sulfur fuel oil, or VLSFO. The additive improves safety by helping to avoid troubles that may be caused by certain contents of VLSFO.A global sulfur cap will enter into force on January 1, 2020, and one way ships can meet the requirement is by using VLSFO (sulfur content below 0.5%). However, a wide variety of VLSFO is expected to be supplied because the manufacturing process differs from conventional heavy fuel oil…

Ocean Network Express (ONE),  a Japanese container shipping company that is headquartered in Tokyo and Singapore,  announced that ONE APUS, with a carrying capacity of 14,000 TEU, was successfully delivered at Kure Shipyard of Japan Marine United Corporation.The sublet owner is Nippon Yusen Kaisha, said a press release from the provider of container shipping and terminal services.This is ONE’s second delivery this year, and the 6th of a series of seven newly built 14,000 TEU magenta containership, after ONE GRUS (delivery date on 1 st of February 2019).Equipped with outstanding safety and environmentally-friendly capabilities such as structural arrest technology and highly efficient welding technology…

GTT has received an order from Hyundai Samho Heavy Industries (HSHI) for the tank design of a Liquefied Natural Gas Carrier (LNGC) on behalf of the Japanese ship-owner Nippon Yusen Kaisha (NYK).GTT’s Mark III Flex membrane containment system has been selected to equip the LNGC, offering a capacity of 174,000 m3. The vessel’s delivery is scheduled for the end of 2022.

Tokyo-headquartered shipping and logistics company Nippon Yusen Kaisha (NYK) has received the Ministry of Environment Award in the Japan Green Innovation Department at the Japan Green Bond Awards sponsored by Japan’s Ministry of the Environment, which is promoting green bond to address environmental issues.A ceremony was held on March 1 and attended by Katsuya Nakano, general manager of NYK’s Finance Group, said a release from the global transportation company.The Japan Green Bond Awards recognize outstanding initiatives in the issuance of green bonds, and publicize the efforts so as to encourage green bond issuance and investment in Japan.NYK was acclaimed for becoming the world’s first company to issue labelled green bonds in the global shipping business sector…

Ocean Network Express Pte. Ltd. (ONE) has announced that ONE Grus, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s first delivery this year, and the 5th newly built 14,000 TEU magenta containership, after ONE Columba (delivery date on November 16th, 2018). It is equipped with outstanding safety and environmentally-friendly capabilities such as structural arrest technology and highly efficient welding technology.

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture  company  based at Pasir  Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal, designed to handle the demand dynamics of today and the future…

Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works for the ship named “Laurel Prime” by Seiya Araki, president of Astomos Energy Corporation.NYK has traditionally given LPG carriers two-word names that begin with the letters “L” and “P” respectively. This ship was named Laurel Prime with the wish that it will represent superior achievement and honor…