The vessel, named "SG Ocean," symbolizing NYK's commitment to sustainable shipping through its "Sail GREEN" brand, will transport iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation. 

The momentous naming ceremony took place at Japan Marine United Corporation's Tsu Shipyard in Mie Prefecture. This marks a historic milestone as the SG Ocean becomes the first capesize LNG-fueled bulk carrier constructed in a Japanese shipyard, according to NYK research.

NYK expands its fleet

NYK is strategically expanding its fleet of LNG-fueled vessels to align with the group's ambitious goal of reducing greenhouse gas (GHG) emissions by 45% from fiscal 2021 levels by fiscal 2030. This initiative is part of a broader effort to decarbonize the entire supply chain.

Attending the ceremony were key figures including Koji Kakigi, president and CEO of JFE Holdings, Inc., and Takaya Soga, president of NYK, highlighting the collaborative commitment to sustainable shipping practices.

By opting for LNG fuel, the SG Ocean is expected to emit virtually no sulfur oxides (SOx), reduce nitrogen oxide (NOx) emissions by 75%, and decrease carbon dioxide (CO2) emissions by 25%, in comparison to conventional heavy-oil-fueled vessels. Notably, the vessel complies with the International Maritime Organization's (IMO) stringent NOx emission regulations (Tier III).

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Equipped with the state-of-the-art 7X62DF-2.1 iCER dual-fuel slow-speed diesel engine by WinGD, the SG Ocean is designed to cut methane emissions in half when utilizing LNG fuel. The careful consideration in the design of the LNG fuel tank and supply system ensures that the vessel maintains the loadable quantity and cargo hold capacity of conventional bulk carriers, despite the additional weight of equipment.

The significance of this development extends to international maritime regulations. Aligned with the MARPOL Convention and its Annex VI (Regulations for the Prevention of Air Pollution from Ships), the SG Ocean adheres to NOx emission controls, ensuring compliance with the latest environmental standards. This progressive approach underscores Japan's commitment to reducing marine pollution and promoting sustainable shipping practices.

The launch of the SG Ocean represents a commendable step forward in the maritime industry's pursuit of a greener and more sustainable future, setting a precedent for innovative and environmentally responsible vessel construction and operation.