International Chamber of Shipping Releases Sixth Edition of Tanker Safety Guide (Chemicals)
The International Chamber of Shipping (ICS) announced the launch of the sixth edition of its benchmark publication, the Tanker Safety Guide (Chemicals). First published in 1971, the Tanker Safety Guide (Chemicals) is an industry reference for the safe operation of chemical tankers. This new edition provides upātoādate, practical guidance for those serving on board ships carrying hazardous and noxious liquid substances in bulk under MARPOL Annex II, supporting safe, compliant and pollutionāfree operations.The sixth edition incorporates substantial updates to reflect evolving industry practiceā¦
MHI-MME, Mitsubishi Shipbuilding Obtain AiP for Methane Oxidation Catalyst System Design
Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME) and Mitsubishi Shipbuilding Co., Ltd., both part of the Mitsubishi Heavy Industries (MHI) Group, have obtained Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for the basic design of a methane oxidation catalyst system for marine LNG-fueled engines, jointly developed with Daihatsu Infinearth Mfg. Co., Ltd. A presentation ceremony was held today at Sea Japan 2026, an international maritime exhibition being held at Tokyo Big Sight in Koto-kuā¦
Ammonia Fuel Sales Plan Advances in Singapore
NYK Bulkship (Asia), Golden Island and Yara Clean Ammonia Norge have concluded a non-binding Term Sheet that paves the way towards a partnership to supply low-carbon ammonia as a marine fuel in Singapore.The companies began discussions in the beginning of 2024 to explore the launch of the business, aiming to commence operations within this decade.NYK group operates a fleet of more than 900 vessels. āWith its potential to significantly reduce greenhouse gas emissions, ammonia is expected to play an important role in the future marine fuel mix.
Stolt-Nielsen Navigates Rising Uncertainty in 1Q26
Stolt-Nielsen Limited opened 2026 with a solidāif more temperedāfinancial performance, underscoring both the resilience of its diversified logistics portfolio and the mounting pressures facing global chemical shipping markets.The London-based group reported first-quarter revenue of $716.8 million and net profit of $47.5 million for the period ending February 28, 2026, compared to $675.6 million and $151.4 million, respectively, in the same period a year ago. The sharp year-on-year profit decline was largely attributable to one-off gains booked in 1Q25ā¦
Chiyoda, NYK, KNCC Target Global CCS Value Chain Development
Chiyoda Corporation, NYK Line and Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding to collaborate on carbon capture and storage (CCS) projects globally.Under the agreement, the companies will work together to expand CCS business opportunities in Japan and overseas, including optimizing transportation methods for liquefied carbon dioxide.The collaboration will cover multiple stages of project development, including concept studies, feasibility studiesā¦
Stolt-Nielsen, NYK Line Form JV in Avenir LNG
Stolt-Nielsen Limited and Nippon Yusen Kabushiki Kaisha announced that, through Stolt-Nielsenās subsidiary Stolt-Nielsen Gas Ltd., Stolt-Nielsen has entered into a share purchase agreement to sell 50% of Avenir LNG Limited to NYK Line. Avenir LNG was founded in 2017 and has grown into a leading player in the liquefied natural gas (LNG) bunkering sector, operating a global fleet of LNG bunker vessels.With this partnership, Stolt-Nielsen and NYK Line will expand their future small-scale LNG and LNG bunkering opportunities through the joint ventureā¦
NYK Advances Design of Subsea Cable-Laying Vessel
Japanese shipping major NYK Line has completed the basic design of a new long-distance subsea cable-laying vessel intended to support the development of Japanās future high-voltage direct current (HVDC) transmission network, marking a key milestone in a national effort to strengthen offshore renewable energy infrastructure.The vesselās design recently received General Design Approval (GDA) from classification society ClassNK, confirming that the concept meets relevant internationalā¦
NYK Signs Long-Term Charter Agreement for New LNG Carriers with Cheniere
NYK Line, in partnership with Ocean Yield AS, has signed multiple long-term charter contracts for new liquefied natural gas (LNG) carriers with Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, Inc., a US LNG producer.The vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South Korea and will be delivered from 2028.The vessels will be equipped with a next-generation X-DF2.1 iCER*, VCR system**, dual-fuel, low-speed diesel engine that uses fuel oil and boil-off gas (LNG vaporized in the cargo tanks during navigation) for the main engineā¦
MOL Gets ClassNK Approval for Jointing and Burial Vessels Design
Mitsui O.S.K. Lines (MOL) has secured an approval in principle (AiP) from ClassNK for the basic design of specialized vessels to joint and bury subsea power cables.MOL is working with Sumitomo Electric Industries, Furukawa Electric and Nippon Yusen Kabushiki Kaisha (NYK Line) to develop fundamental technologies-including a new type of cable-laying vessel-as part of a project subsidized by the Japanese government's New Energy and Industrial Technology Development Organization (NEDO).One of MOL's roles in this project is to develop technologies for cable jointing and burial vesselsā¦
Shipping Majors to Study Methanol Fuel Supply Chain on US Gulf Coast
American Bureau of Shipping (ABS), Japanās ENEOS, Nippon Yusen Kabushiki Kaisha (NYK Line) and SEACOR Holdings have launched a joint study to develop a commercial methanol marine fuel supply network along the U.S. Gulf Coast.The study aims to establish the first large-scale ship-to-ship methanol bunkering operations in the United States, as the global shipping industry looks for practical pathways to meet the International Maritime Organizationās target of net-zero greenhouse gas emissions by 2050.Methanolā¦
MoU Signed to Establish Standard Design Framework Utilizing MILES for Liquefied CO2 Carriers, Alternative Fuel Ships
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries group, Imabari Shipbuilding Co., Ltd., "K" LINE, MOL, NYK Line, JMU, and NSY have concluded a Memorandum of Understanding (MoU) to establish a standard design framework to efficiently develop and carry out the initial design of liquefied CO2 (LCO2) carriers and next generation alternative fuel ships utilizing decarbonization technologies (such as ammonia fuel). MILES Co., Ltd. (formerly known as MI LNG Company)ā¦
NYK and BHP Renew Decarbonization Partnership
NYK Line and BHP Group have renewed a memorandum of understanding (MoU) reinforcing both companiesā commitment to support decarbonization and improv the safety of vessel operations.The renewed MoU continues research on technologies for ammonia dual-fuel vessels, the trial of biofuels and other measures to advance low-carbon shipping.Emma Roberts, Vice President Maritime & Supply Chain Excellence, BHP, said: āBHP welcomes the opportunity to build on our shared history with long-term strategic partner, NYK Line.
NYK and Port of Duqm Collaborate on Development
Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company, which oversees port management and terminal operations in Oman, signed a memorandum of understanding at Duqm Economic Forum 2025 to collaborate in the development and connectivity of the port of Duqm.NYK has positioned the Middle East as one of its key strategic regions. On April 1, 2022, NYK established its Middle East region head in Dubai to deepen its regional strategy and enable more agile business development across the area.Omanā¦
NYK, Neptune Ink Robotic Hull Cleaning Deal in Maritime Decarbonization Push
Nippon Yusen Kabushiki Kaisha (NYK Line), one of the worldās largest shipping companies, has expanded its partnership with Neptune Robotics to scale up robotic hull cleaning across its global fleet in a move expected to deliver major fuel savings and accelerates maritime decarbonization.NYK has worked with Neptune since 2022, making it one of the earliest adopters of Neptuneās robotic hull cleaning. From earlier deployments, Neptuneās robots delivered up to 10 times fuel savings compared to cleaning costsā¦
NYK, GCMD Verify Long-Term Safety of Biofuels in Shipping
Nippon Yusen Kabushiki Kaisha (NYK) has completed a joint demonstration with Singapore-based Global Centre for Maritime Decarbonisation (GCMD) that verified the long-term use and storage of biofuel onboard ships, confirming its technical safety and sustainable usability.The six-month trial, as part of Project LOTUS, involved continuous use of B24 biofuel on a pure car and truck carrier. Tests showed no adverse effects on engine performance or fuel supply systems, no signs of equipment wear or corrosionā¦
Japanese Shipowners to Donate Training Vessel to JMETS
Japanese ocean-going shipping companies, NYK Line, MOL and "K" LINE, along with the Japanese Shipowners' Association (JSA), have begun discussions regarding the donation of a large-sized training vessel to the Japan Agency of Maritime Education and Training for Seafarers (JMETS).The move is recognition of the importance of training and securing highly skilled Japanese seafarers to maintain and further develop maritime transport.As identified in the report by the Ministry of Landā¦
KEYS Azalea Completes Japan's First LNG Bunkering Op for Cruise Ship
KEYS Azalea, a liquefied natural gas (LNG) bunkering vessel owned and operated by KEYS Bunkering West Japan, bunkered LNG by ship-to-ship method for the cruise ship ASUKA III in first ever such operation in Japan.The operation took place on July 14 at Chuo Wharf in Hakata port for the ASUKA III, a cruise ship equipped with engines using three types of fuel, including LNG, operated by NYK.Until now, KEYS Azalea has bunkered for car carriers and iron ore and coal bulk carriers, and the latest achievement represents the first bunkering for cruise ship KEYS Azalea deliveredā¦
NYK-TDG Maritime Academy Celebrates 80 Graduates
On July 4, the NYK-TDG Maritime Academy (NTMA), a merchant marine academy jointly operated by NYK and the Transnational Diversified Group (TDG) near Manila, Philippines, held a commencement ceremony for 80 students, the academyās 14th batch of graduates.The ceremony was attended by many distinguished guests, including Kazuya Endo, ambassador extraordinary and plenipotentiary of Japan to the Philippines, and Atty. Jerome T. Pampolina, Department of Migrant Workers (DMW) Assistant Secretary for Sea-based OFW Concerns.
India to Invest $10B in Tanker Fleet Expansion, Bloomberg Reports
India plans to spend $10 billion over the next 25 years to acquire up to 112 crude oil tankers, Bloomberg reported, citing unnamed officials. The move would effectively reduce reliance on foreign-chartered vessels and bolster energy security for India.According to the Bloomberg report, orders for 10 ships could come as early as this month, with the stipulation that ships must be built in India, potentially with foreign collaboration. The government targets increasing the share of India-built tankers in its fleet from 5% to 7% by 2030ā¦
By the Numbers: Inside Japan's Maritime Fleet
Japan is worldās third largest shipping nation as owners control 12% of the fleetāCombined, Japanese shipowners currently own 12% of the global fleetās deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the global fleetās DWT capacity,ā says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The global fleet of 2.4tn DWT is owned by 16,622 shipowners in 178 countries.
NYK, Partners to Develop Renewable Energy-Powered Floating Data Center
NYK Line, NTT FACIITIES, Eurus Energy Holdings Corporation, MUFG Bank, and the city of Yokohama have signed a memorandum of understanding (MoU) for a demonstration project of an offshore green data center, utilizing a mini-float installed as a disaster countermeasure.On a mini-float, spanning 25 meters in length and 80 meters in width, installed off Osanbashi Pier in Yokohama City, the partners will test an offshore floating data center fully powered by renewable energy generated by solar power and battery energy storage systems.Based on the resultsā¦
Japan, Korea Would Struggle to Fill Void of China Shipbuilding, NYK Line exec says
U.S. allies Japan and South Korea would struggle to quickly ramp up shipbuilding to meet U.S. demand for alternatives under President Donald Trump's plan to impose port fees on China-linked ships, a top Japanese shipping executive said on Monday.The Trump administration is drafting an executive order in a bid to revive domestic shipbuilding and weaken China's grip on the industry.Japanese shipbuilding is running near full capacity, with little scope for expansion until 2028, while shipbuilders in South Koreaā¦
Ammonia-Fueled Bunkering Vessel gets ClassNK AIP
ClassNK issued an Approval in Principle (AiP) for an ammonia-fuelled bunkering vessel, a vessel is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and LMG Marin AS (a member of the Seatrium Group).As ammonia as fuel is expected to be used in shipping to help shipowners meet tough new emission reduction targets, bunkering vessels that supply fuel to ships and related equipment will play an essential role in the supply chain. This vessel is being developed jointly by NYK Lineā¦