NYK and partners move forward with plans to build ammonia-ready LNG-fueled vessel

Japan’s shipping giant NYK and its partners MTI and Elomatic are moving forward with their plans to build an ammonia-ready LNG-fueled vessel (ARLFV).

The project aims to build an LNG-fueled vessel that can be efficiently converted to an ammonia-fueled vessel, or ARLFV.

NYK revealed this development with the institute and the Finnish engineering firm in September last year and in March this year the partners designed an ARLFV to perform the functions of a pure car carrier and a post-panamax bulker.

Now, the three companies have completed the concept designs of a capesize bulk carrier and a very large crude oil tanker (VLCC) in Phase 1.5 of the project, NYK said in a statement on Monday.

NYK and partners move forward with plans to build ammonia-ready LNG-fueled vessel1
ARLFV VLCC (Image: NYK)

Compared to a conventional LNG-fueled vessel, the ARLFV in this concept design is expected to feature a conversion-cost reduction of 12 percent for a capsize bulk carrier and 25 percent for a VLCC, NYK claims.

In the Phase 2 of the project, the three companies would work with shipyards and marine equipment manufacturers on the actual design of the ARLFV based on the concept design, NYK said.

- Advertisements -

Most Popular

US weekly LNG exports down to 22 shipments

US liquefied natural gas (LNG) exports decreased in the week ending April 10 compared to the week before, according...

Spot LNG shipping rates, European prices drop this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet decreased further this week, and European prices...

Spot LNG shipping rates continue to drop, European prices climb

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease this week, while European...

More News Like This

Japan’s NYK, Kyushu Electric complete first operation with LNG bunkering newbuild

Japan’s NYK, Kyushu Electric Power, and two other partners have completed the first ship-to-ship operation with the 3,500-cbm LNG...

Japan’s NYK, Kyushu Electric take delivery of LNG bunkering newbuild

Japan’s NYK, Kyushu Electric Power, and two other partners have taken delivery of the 3,500-cbm LNG bunkering vessel, KEYS...

VesselsValue: Japan remains top LNG carrier owner

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, and the nation is followed by...

NYK, Jera seal LNG carrier charter deal

Japan's shipping giant NYK and compatriot power firm and LNG importer Jera have signed a ten-year charter agreement for...