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    NYK showcases ammonia-ready LNG-fuelled vessel design

Summary

The first vessel should be ready by 2025.

by: Shardul Sharma

Posted in:

Asia/Oceania, Top Stories, Japan, News By Country

NYK showcases ammonia-ready LNG-fuelled vessel design

Japanese shipping firm NYK Line and Finnish engineers Elomatic Oy have completed the development of a concept design for an ammonia-ready LNG-fuelled vessel, NYK said on March 3.

NYK and its subsidiary MTI along with Elomatic kicked off this project in September last year so that an ammonia-ready LNG-fuelled vessel “can efficiently be converted from an LNG-fuelled vessel to an ammonia-fuelled vessel, based on the assumption that ammonia will become a next-generation marine fuel.”

The companies plan to offer ammonia-ready LNG-fuelled vessel contracts in 2023 and aim to complete building the first vessel in 2025.

NYK said it aims to be net-zero by 2050 for its oceangoing businesses. To achieve this goal, the company has been expanding its fleet of LNG-fuelled ships as a bridge solution to vessels propelled by future marine fuels, such as ammonia or hydrogen, it said.