Mitsubishi Shipbuilding, NYK Line score ClassNK AIP for Large LCO2 Carrier
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) wee granted Approval in Principle (AiP) from ClassNK for joint development of CO2 transport technology for liquefied CO2 (LCO2) carriers.LCO2 carriers transport liquefied CO2 at low temperature and high pressure, which is contained in the cargo tank system. Since the design of cargo containment system depend on the condition of liquefied CO2 such as their temperature and pressure, it is an important technical development issue to increase the size of cargo tank systems and hulls for future mass transportation.In the joint development of LCO2 carrier…
Mitsubishi Shipbuilding to Build LNG Bunkering Vessel
Mitsubishi Shipbuilding Co. signed a contract with KEYS Bunkering West Japan Co., Ltd. for construction of a liquefied natural gas (LNG) bunkering vessel, the first to operate in western Japan. The vessel will be built at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with completion and handover scheduled for March 2024.KEYS Bunkering West Japan is a joint venture company established in February 2022 to supply LNG fuel for ships in the Kyushu and Setouchi Regions, with investment from Kyushu Electric Power Company…
Mitsubishi Shipbuilding, NYK collaborate to create Large Liquefied CO2 Carrier
With all eyes on carbon neutrality, a pair of Japanese maritime titans -- Mitsubishi Shipbuilding and Nippon Yusen Kabushiki Kaisha (NYK Line) -- have agreed to jointly develop a large-scale liquefied CO2 (LCO2) carrier. To facilitate the development of technologies for transporting CO2 using large vessels, this project will combine Mitsubishi Shipbuilding’s gas handling technologies with NYK Line’s knowledge in operations of not only small and medium-sized vessels, but also large vessels that are expected to increase in demand globally. Mitsubishi Shipbuilding is actively pursuing commercialization of LCO2 carriers as part of MHI Group’s strategic initiative for the energy transition…
Japan Trio Begins Work on an Ammonia-Fueled Tugboat
As the marine industry works to find the ‘fuel of the future’ to address increasingly stringent emission regulations, an interesting development from a trio of marine powers in Japan seeks to develop the world’s first ammonia-fueled tugboat. The joint research and development agreement was signed by NYK, IHI Power Systems Co., Ltd., and ClassNK recently to put the world's first ammonia-fueled tugboat into practical use.With the entry into force of the Paris Agreement in 2016, global momentum for decarbonization has increased, and reducing GHG emissions has become an issue in the shipping sector.
NYK Joins DecarbonICE Project
Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has joined the international DecarbonICE project that will be conducting a feasibility study to capture onboard carbon as dry ice and store it in seafloor sediments.The shipping industry is looking for carbon-free solutions to achieve the IMO 2050 target of a 50% CO2 emissions reduction (compared to the 2008 level). In response, new zero-carbon solutions are being developed around the globe, including alternative low-carbon fuels such as LNG fuel that can be used in place of heavy oil.The DecarbonICE project was launched on October 1 by the Denmark-based Maritime Development Center…
LPG Carrier "Laurel Prime" Christened at MHI
Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works for the ship named “Laurel Prime” by Seiya Araki, president of Astomos Energy Corporation.NYK has traditionally given LPG carriers two-word names that begin with the letters “L” and “P” respectively. This ship was named Laurel Prime with the wish that it will represent superior achievement and honor…
NYK Line and Partners Set Up Second LNG Bunkering Project
NYK Line has signed a memorandum of understanding with Kyushu Electric Power, Saibu Gas, and The Chugoku Electric Power for joint discussions on the commercialization 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.This is the second LNG bunkering project NYK Line is engaged in after investing in an LNG bunkering vessel with "K" Line, Chubu Electric, and Toyota Tsusho Corporation."The demand for LNG as a marine fuel, a practical alternative to heavy fuel oil because of its relatively low emission of air polluting substances and greenhouse gases…
K-Line, NYK Line, Chubu Electric, Toyota Tsusho Eye LNG Bunkering
Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line) have decided to work in the field of liquefied natural gas (LNG) bunkering in Japan. A joint statement that LNG is expected to become an important alternative to heavy fuel oil due to its relatively low carbon footptint, which will enable ships to meet increasingly stringent international regulations on emissions. The shipping forms K Line and NYK Line, together with electric utilities provider Chubu Electric Power and trading company Toyota Tsusho Corporation…
Shell Exercises FPSO Turritella Purchase Option
Shell E&P Offshore Services B.V. will exercise its right under the charter agreement to purchase the floating production storage and offloading vessel (FPSO) Turritella, enabling a Shell affiliate to assume operatorship of the Gulf of Mexico ultra-deepwater Stones development in its entirety. The company selling the FPSO is a joint-venture (JV) owned by SBM Offshore with 55 percent interest, Mitsubishi Corporation with 30 percent interest and Nippon Yusen Kabushiki Kaisha (NYK Line) with 15 percent interest. The transaction comprises a total cash consideration to the JV of approximately $1 billion. The transaction is expected to close in early 2018.
SEA\LNG welcomes Two new Partners
SEA\LNG - which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel - has welcomed two new partners, each representing key aspects of the LNG maritime value chain. The recent decision by the International Maritime Organization Marine Environment Protection Committee to enforce the global 0.5% cap on the sulphur content of marine fuel by 2020 has significantly increased interest in LNG as a cost effective, safe and more environmentally friendly fuel. The newest SEA\LNG partners are ABS and Keppel Offshore & Marine’s Gas Technology Development.
LNG Sector Ready to meet Industry Demand
Ahead of the 70th Session of the IMO’s Marine Environment Protection Committee (MEPC), the cross-industry coalition 'SEA\LNG' has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry. The recently formed coalition has issued a position statement which outlines the benefits of LNG as a marine fuel and offers its support for the implementation of MARPOL Annex VI for the prevention of air pollution by ships. SEA\LNG Chairman, Peter Keller said, “Independent of the timing of the IMO’s implementation of the 0.5% global sulphur cap…
ENGIE, Mitsubishi, NYK Tie-up for LNG Bunkering
ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world. Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector. In 2014, ENGIE, Mitsubishi Corporation, and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe, and cost-effective service to shipping customers worldwide.
Sovcomflot Ups its Role in the Sakhalin-2 Project
Sovcomflot Group (SCF Group) said its fleet will have greater involvement in serving the Sakhalin-2 offshore platforms for Sakhalin Energy Investment Company Ltd. (Sakhalin Energy). SCF Group, Sakhalin Energy and Swire Pacific Offshore have signed several agreements that entail the purchase of two platform supply vessels from Swire Pacific Offshore by SCF Group. All the three platform supply vessels used in the Sakhalin-2 project will now be operated by SCF Group under long-term time charter contracts with Sakhalin Energy. The three ships are multipurpose ice-class (Ice-10) supply vessels, which have been under the management of the joint venture SCF Swire Offshore since 2009.
Wärtsilä in Coalition to Promote LNG as a Marine Fuel
Wärtsilä and other leading marine industry players have formed a coalition, known as SEA/LNG, to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. The coalition aims to help break down the barriers hindering the global development of LNG in marine applications, thereby improving the environmental performance of the shipping industry. In addition to Wärtsilä, the other partners in the SEA/LNG coalition include Carnival Corporation, DNV-GL, ENGIE, ENN Group, GE Marine, GTT, Lloyds Register, Mitsubishi, NYK Line, Port of Rotterdam, Qatargas, Shell Downstream and Tote.
NYK Joins Study for LNG Bunkering in Yokohama
NYK is participating in a study launched by Japan’s Ministry of Land, Infrastructure and Transport and Tourism (MLIT) to explore the feasibility of LNG bunkering in Yokohama. This study is examining the technological and infrastructural requirements for establishment of an LNG bunkering hub at the port of Yokohama to supply LNG as fuel to ships. A kick-off meeting of the study’s steering committee was held on June 9 for the creation of a facility development plan by the end of the year. In accordance with the NYK Group’s medium-term management plan, “More Than Shipping 2018,” NYK has started the process of using LNG to fuel some ships.
SBM Offshore First-half Beats Forecasts
SBM Offshore, the Dutch oil and gas platform leasing company, reported better than expected first-half profit on Wednesday after slashing costs and said it would double annual savings at a time of low oil prices. SBM Offshore, which has said it will cut 1,500 staff, or more than 10 percent of its global workforce, expects annual savings of about $80 million compared with previous guidance of $40 million. It also increased its 2015 revenue forecasts to $2.6 billion, from $2.2 billion, mainly due to the $590 million sale of a stake in its Turritella project in the Gulf Of Mexico to new joint venture partners Mitsubishi Corporation and NYK Line.
SBM Offshore Divests Stake in Turritella Project
SBM Offshore has entered an agreement with Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) for the acquisition of a stake in the joint venture companies incorporated for the purpose of owning and operating Floating Production Storage and Offloading (FPSO) Turritella, the company announced today. Mitsubishi Corporation (30 percent interest) and NYK Line (15 percent interest) have acquired a 45 percent combined stake in the joint venture companies. SBM Offshore, MC and NYK Line are also partners in other joint venture companies incorporated for the purpose of owning and operating FPSOs such as Cidade de Maricá and Cidade de Saquarema.
India’s Seaborne Oil, Bulk Liquids & Gas Tanker Trade Conference
India Tanker Conference the biggest event of Hinode Events and Services Pvt Ltd, and the first one on the Tanker trade is set to take off on JUNE 5 in Mumbai at the Hotel Vivanta by Taj - President, in MUMBAI. This First Annual Conference on the Outlook for India’s Seaborne Oil, Bulk Liquids and Gas Tanker Trade, will explore the current challenges and outlook for the seaborne transportation of crude oil, bulk liquids AND gas cargoes encompassing the shipment of crude oil, petroleum products, petrochemicals, liquefied gases as well as vegetable oils, etc. Over 200 delegates are expected to attend.
MHI Receives First Order through MI LNG
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for an LNG (liquefied natural gas) carrier for Nippon Yusen Kabushiki Kaisha (NYK Line) through MI LNG Co., Ltd., a joint venture established with Imabari Shipbuilding Co., Ltd. in April 2013. The order - the first received via MI LNG - is the eighth to date for the Sayaendo, a next-generation LNG carrier offering superior fuel efficiency developed independently by MHI. Completion and delivery of the ship are scheduled for 2017. The Sayaendo LNG carrier measures 288 meters (m) in length overall (LOA), 48.94m in width, and 11.5m in draft.
First Solar-Power-Assisted Vessel in Development
Nippon Yusen Kabushiki Kaisha (NYK Line; head office: Chiyoda-ku, Tokyo; president: Yasumi Kudo), Kawasaki Heavy Industries Ltd. (KHI; head office: Kobe-shi, Hyogo Prefecture; president: Satoshi Hasegawa), the Monohakobi Technology Institute (MTI; head office: Chiyoda-ku, Tokyo; president: Yutaka Yasunaga), and Nippon Kaiji Kyokai (ClassNK; head office: Chiyoda-ku, Tokyo; chairman and president: Noboru Ueda) are to begin in June shipboard tests to verify the effects of a jointly developed hybrid power supply system for vessels. The innovative system will be installed on NYK Line’s solar-power-assisted car carrier Auriga Leader (60…
