On April 4th, NYK finalized a contract for the construction and long-term charter of a very large crude oil carrier (VLCC), designed to use methanol as a next-generation fuel. The vessel, which will feature a large shaft generator, will be built by Nippon Shipyard Co., Ltd. and operated under a long-term agreement with Idemitsu Tanker Co., Ltd.
This new vessel is part of a collaboration between NYK, Idemitsu Tanker, IINO Kaiun Kaisha, Ltd., and Nippon Shipyard. It will be a Malacca-max class VLCC, designed with advanced environmental features to meet next-generation standards.
Methanol is considered a promising alternative fuel that can significantly reduce greenhouse gas (GHG) emissions. Using methanol as a fuel can lower carbon dioxide (CO₂) emissions by approximately 15% compared to traditional heavy oil. Additionally, when green methanol—produced from biomass or synthetic methanol made from hydrogen and renewable energy—is used, the reduction in CO₂ emissions is expected to be even greater.
In 2023, NYK unveiled its “Decarbonization Story,” which outlines its goal of achieving net-zero GHG emissions by 2050. To meet this target, the company plans to enhance the energy efficiency of its fleet and reduce GHG emissions by adopting alternative fuels. The new VLCC will be the first in NYK’s fleet to feature a state-of-the-art dual-fuel main engine capable of using methanol. The vessel will also be equipped with a large shaft generator to improve energy efficiency, marking a significant step in the company’s commitment to decarbonizing crude oil transport.
With its advanced energy-saving capabilities and focus on decarbonization, this vessel will play a crucial role in leading the transition to a more sustainable future for the shipping industry.
Related Topics: