Japanese shipping company NYK Line on Wednesday (29 September) said it has signed a Memorandum of Understanding (MOU) with Itochu Enex, Kyushu Electric Power Company, and Saibu Gas, to discuss the commercialisation of a new business to supply liquefied natural gas (LNG) as a marine fuel to ships in the Setouchi and Kyushu areas of Western Japan.
The International Maritime Organization (IMO) has agreed on an ambition to reduce GHG emissions from shipping by at least 50% by 2050 compared to 2008 and Greenhouse Gas (GHG) emissions from ships to zero as early as possible in this century, says NYK Line.
LNG fuel as a marine fuel is expected to be a bridging solution to next-generation zero-emission fuels such as hydrogen and ammonia.
Therefore, the parties have decided to examine the commercialisation of an LNG bunkering business in the Setouchi and Kyushu areas of western Japan, including marketing activities to consumers such as Kyushu Electric Power Company, for its LNG-fuelled coal carriers, scheduled to be delivered in FY 2023.
The development includes plans for the construction and owning of LNG vessels required for conducting ship-to-ship supply operations where an LNG bunkering vessel comes alongside an LNG-fueled vessel to supply LNG. This can be done at various locations, such as along the quay or pier or at anchor.
Photo credit: Scott Graham from Unsplash
Published: 30 September, 2021
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