On April 4th, NYK finalized a contract for the construction and charter of a very large crude oil carrier (VLCC) that will be equipped with a main engine capable of utilizing methanol as a next-generation fuel. The vessel, which will include a large shaft generator, is being built by Nippon Shipyard Co., Ltd. and will be chartered long-term by Idemitsu Tanker Co., Ltd.
This innovative design is part of a collaborative project among NYK, Idemitsu Tanker, IINO Kaiun Kaisha, Ltd., and Nippon Shipyard, resulting in a Malacca Max next-generation environmentally friendly VLCC. Methanol is recognized for its potential to reduce greenhouse gas (GHG) emissions.
Compared to heavy oil, it has the potential to lower carbon dioxide (CO₂) emissions by approximately 15%. The use of green methanol—derived from biomass or produced synthetically via renewable energy—can further enhance CO₂ reductions, offering a more sustainable alternative for marine fuel.
In line with its commitment to sustainability, NYK announced the NYK Decarbonization Story in 2023, aiming for net-zero GHG emissions by 2050. Achieving this target involves enhancing the energy efficiency of its fleet and significantly reducing GHG emissions by adopting alternative fuels.
This vessel, as the first in NYK’s fleet to feature a cutting-edge dual-fuel main engine capable of using methanol, will be instrumental in this endeavor. The inclusion of a large shaft generator enhances its energy efficiency, positioning the ship as a leader in the future of decarbonizing crude oil transport.