On September 2, a naming ceremony was held at Sakaide Works of Kawasaki Heavy Industries Ltd. for a new VLGC (very large gas carrier) that NYK will charter to Astomos Energy Corporation, the world's pre-eminent liquefied petroleum gas (LPG) company, according to NYK's release.
This vessel will be NYK‘s first liquefied petroleum gas (LPG) dual-fuel VLGC. When LPG is used as fuel, exhaust gas from the ordered VLGC will contain at least 85% less sulfur oxide (SOx) and 15% less carbon dioxide (CO2) compared to conventional VLGCs equipped with fuel-oil engines.
NYK will further strengthen its long-standing close relationship with Astomos Energy and promote the development of an eco-friendly fleet to contribute to a low-carbon supply chain and realize a sustainable society.
On February 3, 2021, NYK released the “NYK Group ESG Story,” which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs through business activities. On March 24, 2022, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the "NYK Group ESG Story" and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective.
In addition, NYK has set "Sail GREEN" as company’s ESG brand that emphasizes NYK's efforts to reduce GHG emissions through the transport of goods and contribute to the eco-friendly supply chains of customers, regardless of the mode of transport (e.g., by sea or land, through terminals, etc.). This initiative is part of that.