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News / 2020/ “K” Line CEO says LNG fuel ‘cannot reach IMO’s 2030 targets’

“K” Line CEO says LNG fuel ‘cannot reach IMO’s 2030 targets’

07 Jan 2020
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Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line) President and CEO Yukikazu Myochin on Monday (6 January) addressed all staff to meet greater challenges ahead in reducing greenhouse gases (GHG).

Compliance with the tightened regulation on emissions of sulphur oxides (SOx) that began in 2020 is a significant change to LNG industries, said Yukikazu Myochin.

“However, we cannot reach IMO’s 2030 targets by simply switching diesel oil to LNG fuel; on top of that, we must continue to study new technologies as “LNG + (plus)”, such as the self-flying energy kites announced last year that utilize wind power,” he added.

In 2019, the company announced several efforts to meet the group’s Environmental Vision 2050.

The development included construction of an LNG-powered car carrier and participation in an LNG fuel supply business in Singapore with Shell.

“Furthermore, in order to reach our 2050 goals, we will accelerate research in alternative fuels such as ammonia, and methanation fuels in addition to hydrogen, participated in demonstration of shipping liquefied hydrogen through HySTRA in last November,” he said.

Myochin believes constantly reviewing conventional methods of doing things will lead to insights for certain progress.

“According to the Chinese Zodiac, 2020 is the year of the Metal Rat (Kanoe Ne), which is said to indicate a state of transformation into a new form while inheriting previous methods,” he emphasises.

“In closing, I wish all of you, the members of the entire “K” Line Group and your families, good health and prosperity as we celebrate the New Year and pray that all our ships will navigate safely throughout 2020.”

Related: “K”LINE and FueLNG conclude LNG bunker vessel management agreement
Related: “K” Line and Namura Shipbuilding developing LNG-fuelled ore carrier
Related: Japan: “K” Line may install 50 seawings on vessels after initial delivery
Related: Central LNG Marine Fuel Japan Corporation launched

Photo credit: Kawasaki Kisen Kaisha, Ltd
Published: 7 January, 2020

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