NYK participated in the LNG Producer-Consumer Conference 2021 held on October 5 and introduced the NYK Group’s efforts toward zero-emission shipping.
n fact, LNG Producer-Consumer Conference has been held annually since 2012 as a platform for cooperation between producing and consuming countries to share the long-term supply and demand outlook for LNG and to make the trading market more transparent.
This year’s conference, the tenth of its kind, discussed the roles and expectations that LNG will play in the next decade amid the global trend toward decarbonization.
During the event, Toshi Nakamura, an executive officer at NYK talked about NYK’s LNG bunkering business as a bridge solution, compliance with the International Maritime Organization’s (IMO) regulations on reducing greenhouse gas (GHG) emissions, the issuance of Japan’s first transition bond, and the future utilization of ammonia-fueled vessels.
Namely, NYK is positioning LNG fuel as a bridge solution until marine fuels that have a lower environmental impact, such as hydrogen and ammonia, can be utilized to realize future zero-emission ships.
Speaking of green shipping practices, NYK plans to develop new value creation as a sustainable solution provider by deepening cooperation not only within the Group but also with stakeholders and accelerating initiatives for decarbonization in the oceangoing shipping industry.