Japanese shipping giant Nippon Yusen Kaisha (NYK) has joined hands with Itochu Enex, Sibu Gas and Kyushu Electric Power to look for the possibility of setting up a brand new Liquified Natural Gas (LNG) bunkering business in western Japan, after a Memorandum of Understanding (MoU) was signed between the four companies.
As per the clauses of this ambitious collaboration, the four entities would be jointly working for supplying LNG gas as a marine fuel in the areas of Japan’s Setouchi and Kyushu.
When used as a marine fuel, LNG can potentially be a bridging solution to the next-gen carbon-neutral marine fuels such as methanol, ammonia and hydrogen, said NYK.
Back in June, NYK Lines ordered 12 LNG-powered car carriers (PCTCs) from the Shin Kurushima Dockyard Co. Ltd. and Nihon Shipyard Co. Ltd, with six ships would be built at each of the two shipyards. These vessels are set to be delivered between 2025 to 2028. While as recently in early September, NYK collaborated with Orca AI to jointly work for new safety support systems for autonomous vessels.