NYK finalises construction and charter contract for methanol dual-fuel VLCC
- Published
by Admin
Japanese shipping firm NYK on Monday (7 April) said it has signed a contract for the construction and charter for its first methanol dual-fuel very large crude oil carrier (VLCC) on 4 April.
The 310,000-dwt will be constructed by Nippon Shipyard and engaged in a long-term charter for Idemitsu Tanker upon delivery in 2028.
This vessel will be a Malaccamax environment-friendly VLCC that NYK has been designing with Idemitsu Tanker, IINO Kaiun Kaisha, Ltd., and Nippon Shipyard.
NYK said methanol is a fuel expected to lower greenhouse gas (GHG) emissions.
“It can reduce carbon dioxide (CO₂) emissions by about 15% compared to when heavy oil is used,” the company added.
“Furthermore, a further reduction in CO₂ emissions is expected when using green methanol, such as bio-methanol, which is produced using biomass as a raw material, or synthetic methanol (e-methanol), which is produced using hydrogen derived from renewable energy and captured CO₂.”
Photo credit: NYK
Published: 9 April, 2025
