NYK has finalized a contract for its first methanol-powered VLCC.

Nippon Yusen Kabushiki Kaisha (NYK) has officially concluded a contract for the construction and long-term charter of its first very large crude oil carrier (VLCC) powered by a dual-fuel methanol engine. This innovative vessel, set to be built by Nippon Shipyard, marks a significant step towards sustainable shipping practices in the maritime industry.

• NYK’s first VLCC capable of using methanol as fuel.

• Constructed by Nippon Shipyard, with delivery expected in 2028.

• Long-term charter agreement with Idemitsu Tanker.

• Designed to reduce greenhouse gas emissions by up to 40% compared to conventional vessels.

The new VLCC, designed as a Malacca Max type, will feature:

• Length Overall: 339.5 meters

• Breadth: 60.0 meters

• Scantling Draught: 21.0 meters

• Deadweight: Approximately 310,000 tons

• Fuel Options: Methanol and heavy oil

• Power Generation: Equipped with a large shaft generator

This vessel is a collaborative effort between NYK, Idemitsu Tanker, IINO Kaiun Kaisha, and Nippon Shipyard, showcasing a commitment to advancing eco-friendly shipping technologies.

Methanol is recognized for its potential to significantly lower greenhouse gas emissions. The new VLCC is expected to:

• Reduce carbon dioxide (CO₂) emissions by approximately 15% compared to traditional heavy oil.

• Further decrease emissions when utilizing green methanol, such as bio-methanol or synthetic e-methanol.

This initiative aligns with NYK’s 2023 Decarbonization Story, which aims for net-zero greenhouse gas emissions by 2050 through enhanced energy efficiency and the adoption of alternative fuels.

The introduction of this methanol-powered VLCC is a landmark achievement for NYK and the broader shipping industry. Key points include:

• First of Its Kind: This is NYK’s inaugural VLCC equipped with a dual-fuel engine, setting a precedent for future vessels.

• Long-Term Charter: The vessel will be chartered to Idemitsu Tanker, a major player in the oil transportation sector, ensuring its operational deployment.

• Collaborative Innovation: The project reflects a strong partnership among leading Japanese maritime companies, emphasizing the importance of joint efforts in tackling environmental challenges.

With the delivery of this vessel scheduled for 2028, NYK is positioning itself as a leader in the transition to sustainable shipping. The adoption of methanol as a marine fuel not only addresses environmental concerns but also aligns with global trends towards reducing the carbon footprint of maritime transportation.

As the shipping industry faces increasing pressure to adopt greener practices, NYK’s commitment to innovative solutions like this methanol-powered VLCC could pave the way for a more sustainable future in maritime logistics.

• NYK signs contract for methanol-powered VLCC with Nippon Shipyard and Idemitsu Tanker, Портньюс.

• NYK Orders Dual-Fuel Methanol VLCC, Marine News Magazine.

• NYK Concludes Contract for Construction and Charter of Dual-fuel Methanol VLCC for Idemitsu Tanker, 日本郵船株式会社.

• NYK Seals Landmark Deals for First Methanol-Fueled VLCC, ChemAnalyst.

• NYK finalizes construction and charter deals for methanol-powered VLCC, Offshore-Energy.biz.