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    NYK places order for 12 LNG fuelled car carriers: press

Summary

The Japanese shipping firm will place order for the vessels with two local shipyards.

by: Shardul Sharma

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Corporate, Gas for Transport

NYK places order for 12 LNG fuelled car carriers: press

Japanese shipping company NYK Line will invest 100bn yen ($912mn) in the construction of 12 LNG-fuelled car carriers, Nikkei reported on June 14.

NYK will order local Japanese shipyards Shin Kurushima Dockyard and Nihon Shipyard to build six carriers each. The vessels will have a loading capacity of about 7,000 vehicles each. This is the biggest order for LNG-fuelled ships to be made in Japan, according to Nikkei.

According to Nikkei, NYK has 120 car carriers in operation as of March but only one of them is fuelled by LNG. By the end of 2028, the company aims to have 20 LNG-fuelled transporters, the newspaper reported. 

LNG-fuelled vessels are expected to produce 25% less carbon dioxide emissions compared with conventional vessels, Nikkei said. NYK aims to cut its greenhouse gas emissions by half by fiscal 2050 from its 2015 level.