Sep. 22, 2021

NYK has endorsed the "Call to Action for Shipping Decarbonization" by the Getting to Zero Coalition, a coalition of companies working to decarbonize shipping.

Based on the recognition that cooperation between the private sector and governments is essential for the decarbonization of shipping, the call to action is a joint effort by supporters from various industries to make the following recommendations to governments in November 2021 (scheduled).

Signatories of the Call to Action for Shipping Decarbonization call on world leaders to do the following:

1. Commit to decarbonizing international shipping by 2050
Set an unambiguous target to decarbonize international shipping by 2050 and deliver a clear, achievable, and equitable implementation plan to achieve this when adopting the IMO GHG Strategy in 2023.

2. Support industrial scale zero emission shipping projects through national action
Support industrial scale demonstration projects addressing vessels, port infrastructure, and fuel production to de-risk first movers and accelerate innovation starting now, for instance by setting clear decarbonization targets for domestic shipping and providing incentives and support to first movers and the broader deployment of zero emissions fuels and vessels.

3. Deliver policy measures that will make zero emission shipping the default choice by 2030
Adopt policy measures, including meaningful market-based measures, taking effect by 2025 that will support the commercial deployment of zero emission vessels and fuels in international shipping and make ordering zero emission vessels the default choice no later than 2030.

In order to reduce greenhouse gas (GHG) emissions, NYK has been working to realize zero-emission ships and zero-emission fuels, including ammonia-fueled tugboats, transportation infrastructure for the stable supply of ammonia fuel (e.g., Ammonia Fueled Ammonia Gas Carrier (AFAGC), Ammonia Floating Storage and Regasification Barge (A-FSRB), and floating ammonia storage and regasification facilities), and ships equipped with high-powered fuel cells. We are also working to realize zero-emission ships and zero-emission fuels. We believe that further cooperation with governments is essential to accelerate the decarbonization of shipping, and we are endorsing this proposal based on the same principles.

On February 3, 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 (Sustainable Development Goals) through business activities. To strongly promote ESG management, the NYK Group encourages new value creation as a sustainable solution provider through a business strategy that includes work with various stakeholders, including governments, to decarbonize shipping.

* NYK Group ESG Story
A guideline detailing concrete efforts to integrate ESG into management strategies of the NYK Group. Details can be found in the related press release.

  • NYK Issues the NYK Group ESG Story


Getting to Zero Coalition

  • ・A consortium of companies launched in October 2018 to achieve the decarbonization of shipping. More than 150 companies and institutions representing the maritime, energy, infrastructure, and financial sectors are participating.
  • ・Through cross-industry efforts, the consortium promotes the development and diffusion of zero-emission fuels, the establishment of a supply chain, the promotion of technological innovation in shipping, and the creation of a market for zero-emission fuels. The goal is to achieve commercial operation of ships using zero-emission fuels on oceangoing routes by 2030 through policy recommendations.
  • ・NYK became the first Japanese shipping company to join the program in October 2019.
  • ・https://www.globalmaritimeforum.org/getting-to-zero-coalition


Call to Action for Shipping Decarbonization
See below for an overview and press release.

  • Overview
  • Press Release
Related NYK Press Releases

【Ammonia】

  • Announcement on Sep 9, 2021, "Next Bridge Solution from LNG to Ammonia"
  • Announcement on June 2, 2021, "Agreement Reached with Yara International for Joint Study of Ammonia-Fueled Ammonia Gas Carrier"
  • Announcement on Sep 3, 2020, "Joint R&D Starts for Practical Application of Ammonia-fueled Tugboat"
  • Announcement on Aug 12, 2020, "Joint R&D Starts for Use of Ammonia in Marine Transportation to Reduce GHG Emissions"

【Hydrogen】

  • Announcement on Aug 10, 2021, "AHEAD to Support Decarbonization at Petroleum Refineries Through MCH Hydrogen Supply Chain from Brunei"
  • Announcement on Sep 1, 2020, "Demonstration Project Begins for Commercialization of Vessels Equipped with High-power Fuel Cells"

【Consortium】

  • Announcement on May 13, 2021, "NYK Joins International Assessment Project for Decarbonization of Marine Fuels"
  • Announcement on July 28, 2020, "NYK Becomes Member of the Hydrogen Council"
  • Announcement on June 26, 2020, "NYK Joins Maersk Mc-Kinney Moller Center for Zero Carbon Shipping"
  • Announcement on Oct 3, 2019, "NYK Joins "Getting to Zero Coalition" for Accelerating Maritime Shipping's Decarbonization"
  • News Releases 2021

The news on this website is as of the date announced and may change without notice.

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Nippon Yusen KK published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 05:01:01 UTC.