Japan’s NYK sees use of ammonia-ready LNG ships rising

Japan’s NYK sees use of ammonia-ready LNG ships rising

Singapore, 6 December (Argus) — Japanese shipping firm NYK Line expects use of ammonia-ready LNG-fuelled vessels to increase the transition to carbon neutrality, especially among customers or charterers looking to reduce emissions as soon as possible.

"Some customers or charterers may hesitate to use [an] LNG-fuelled vessel as it is not zero emissions. On the other hand, [an] ammonia-fuelled vessel has not been developed and it will take more time. Obviously, it cannot be an option to order newbuilds powered by conventional oil," said the senior general manager of NYK Line's green business group Tsutomu Yokoyama.

This has left them with little choice but to move forward with available lower emissions options and some years later switch to zero emissions vessels at minimum costs, Yokoyama said.