Shipping giant looks to greener operation

Maritime giant NYK has announced it is to embark on a program of delivering new environmental technology on 50 of its vessels.

It had signed an agreement with Nakashima Propeller and Fluid Techno to verify the effects of energy-saving devices that enhance vessel fuel efficiency by improving water flow generated at the aft-end of ships.

The Japanese shipping group added: “In accordance with this business alliance agreement, NYK aims to reduce greenhouse gas (GHG) emissions from existing vessels by installing energy-saving devices on about 50 dry bulk carriers over the next three years.

“Ships can generally operate with less energy as wave resistance and water-flow turbulence decrease, so various energy-saving devices have been developed in marine and shipbuilding industries. Although the effects of individual energy-saving devices have been verified by the marine equipment manufacturer that developed each device, an optimal combination of multiple energy-saving devices and verification of their synergistic effects have not been thoroughly researched”

To address this issue, NYK will collaborate with Nakashima Propeller, a marine equipment manufacturer that develops and sells ship propellers as well as energy-saving devices, and Fluid Techno, a ship design company with fluid analysis technology.

“This business alliance can be said to be a pioneering attempt in the maritime industry, in which three companies will jointly work on the best mix of multiple energy-saving devices by utilising the knowledge and strengths of each company. Through this initiative, improvement of fuel efficiency by one to eight percent and reduction of vessel GHG emissions are expected,” it added.

Last year, 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. In March this year, 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 the process of achieving the long-term target of net-zero emissions of GHG by 2050, not only R&D of zero-emission vessels but also improvement of fuel efficiency of vessels that use heavy oil as fuel is playing an important role. To strongly promote ESG management, the NYK Group will promote the creation of new value as a sustainable solution provider.

“This initiative is a part of Sail GREEN, a 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 be it by sea or land, and through terminals,” NYK added.

Last year, 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.

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