Japan

Japan launches ‘Planning and Design Center for Greener Ships’

A new Japanese organization named ‘Planning and Design Center for Greener Ships’ aims the commercialization of next-generation greener ships, by developing advanced environmental performance-enhancing technologies in ship design that will respond to tightening of environmental regulations over the long term.

NYK granted Japan’s first sustainability-linked loan

Japanese shipping company NYK announced it has secured a syndicated sustainability-linked loan, Japan’s first advanced loan that allows for conditions such as the loan’s interest rate to be adjusted according to the borrower’s CSR performance.

Watch: Japanese consortium to develop first fully electric tanker

A Japanese consortium is to provide new infrastructure services with a focus on electric vessels. Their newly established company, called e5 Lab., will work to develop and promote the greater use of these clean modes of marine transport by building the world’s first zero-emission tanker by mid 2021. 

MOL the first company in Japan to issue sustainability bonds

MOL announced a plan to issue ‘Sustainability Bonds’ through a public offering in Japan’s domestic market in July this year. It also announced the acquisition of a preliminary evaluation from a third-party institute. Sustainability bonds are used to finance and refinance green projects, which protect and improve the environment, and social projects.

Global partners launch hydrogen initiative

During the 10th Clean Energy Ministerial (CEM10) meeting, a new global international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries.

Japan ratifies Bunker Convention and Nairobi Wreck Removal Convention

Japan has approved ratification of the ‘International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001’ and the ‘Nairobi International Convention on the Removal of Wrecks, 2007’. Japan also amended the ‘Act on Liability for Oil Pollution Damage’ (the Act) in order to reflect the provisions of the two conventions. The amended Act will apply by March 2020.

Japan criticized over brutal commercial whaling

At the 67th meeting of the International Whaling Commission, Humane Society International is calling on governments to reject Japan’s proposal to introduce an amendment that would directly nullify the moratorium on commercial whaling.

maritime events