Join our crew and become one of the 105,979 members that receive our newsletter.

File photo shows an NYK car carrier

Photo: Pholly /

NYK Joins Singapore-Based Maritime Decarbonization Initiative

Total Views: 1093
July 4, 2023

SINGAPORE, July 4 (Reuters) – Japan’s leading shipping company NYK has signed a 5-year contract with the Global Centre for Maritime Decarbonisation (GCMD) to collaborate on low-carbon solutions for shipping.

NYK will join the GCMD as a strategic partner, after previously conducting trials on biofuels and starting projects on ammonia bunkering, the centre said in a statement on Tuesday.

NYK’s ongoing ammonia bunkering projects include the retrofit of an LNG-fuelled tugboat with an ammonia-fuelled engine, which is expected to commence operations in 2024.

It was also the first Japanese shipper to obtain an approval-in-principle for an ammonia bunkering vessel, and aims to deliver an ammonia-fuelled gas carrier by 2026.

NYK had in February conducted a biofuel bunkering trial, using a fuel consisting of 24% biofuel (B24) blended with very-low sulphur fuel oil.

The trial is the second of five supply chains of a pilot with GCMD and paves the way for a green premium cost-benefit analysis of deploying biofuels.

The GCMD, a Singapore-based non-profit organisation, aims to help the shipping industry eliminate greenhouse gas emissions by shaping standards for future fuels and piloting low-carbon solutions, according to its website.

(Reporting by Jeslyn Lerh; Editing by Varun H K)

(c) Copyright Thomson Reuters 2023.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up


Maritime and offshore news trusted by our 105,979 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.