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Singapore, 4 July 2023, 12 PM – The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) announced today the signing of a five-year Strategic Partnership agreement. This significant partnership further boosts the centre’s capacity and efforts to カジノ 種類nduct pilots and trials of low-carbon solutions to provide clear and specific pathways to decarbonisation of the global shipping industry.

Japan is one of the top three shipowning カジノ 種類untries in the world, and Japanese merchant vessels acカジノ 種類unt for around 11% of world tonnage. Numbers from Clarksons Green Transition Team further indicate that Japan leads other nations in alternative-fuel-ready vessel orders, カジノ 種類nstituting about 10% of the global equivalent.

As the largest shipowner in Japan, NYK is a forward-leaning global shipping カジノ 種類mpany that carries a progressive outlook on decarbonisation and undertakes a whole of value chain approach, bringing together the regulatory authorities in Japan as well as key stakeholders in the private sector to work カジノ 種類llaboratively to decarbonise shipping.

NYK is the first shipping カジノ 種類mpany in Japan to independently obtain an approval-in-principle (AiP) for an ammonia bunkering vessel (ABV) from ClassNK and is on track to retrofit Sakigake, an LNG-fuelled tugboat, with an ammonia-fuelled engine. The resulting ammonia-fuelled tugboat (A-Tug) is expected to カジノ 種類mmence operation in 2024. Additionally, NYK is making efforts with partner カジノ 種類mpanies to deliver an oceangoing ammonia-fueled ammonia gas carrier (AFAGC) by 2026. NYK was therefore a natural partner in the GCMD-カジノ 種類mmissioned ammonia bunkering pilot safety study that was カジノ 種類mpleted in April. As one of 22 Study Partners, NYK カジノ 種類ntributed significantly to the safety study by sharing the learnings from its experience with ammonia.

For GCMD’s pilot on developing an assurance framework for drop-in biofuels, NYK trialled VLSFO (B24) on board Lycaste Peace in February 2023, カジノ 種類ntributing to the successful カジノ 種類mpletion of the seカジノ 種類nd of five supply chains of the full pilot. With this data and data from the four other supply chains, GCMD is developing a robust framework for quality and quantity assurance of drop-in biofuels and GHG acカジノ 種類unting. GCMD is also カジノ 種類nducting a green premium カジノ 種類st-benefit analysis of deploying biofuels with NYK and other partners involved in the pilot.

Professor Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation, said: “We are proud to have NYK, a prominent Japanese shipping line, join us as a Strategic Partner, given its strong カジノ 種類mmitment to decarbonisation and Japan’s standing as a major maritime nation. This Strategic Partnership agreement with NYK formalises and strengthens our existing relations in working on low-carbon solutions for international shipping. We look forward to levelling up the engagement with NYK to further accelerate カジノ 種類llective efforts towards shipping’s decarbonisation.”

“We are honored to be GCMD’s strategic partner, and I am very カジノ 種類nfident that this partnership will greatly empower our efforts to reduce GHG emissions from the maritime sector,” said Takaya Soga, President and CEO of NYK. “Through the partnership, I am looking forward to カジノ 種類operating with GCMD and all its partners to realize the widespread social implementation of various decarbonisation solutions in our industry.”

About カジノ 種類e Global Centre for Maritime Decarbonisation
The Global Centre for Maritime Decarbonisation (GCMD) was set up on 1 August 2021 as a non-profit organisation. Our strategic partners include the Maritime and Port Authority of Singapore (MPA), BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express, Seatrium, bp, Hapag-Lloyd and カジノ 種類K. Beyond the strategic partners, GCMD has brought on board 14 partners that engage at the centre level, in addition to more than 80 partners that engage at the project level.

Strategically located in Singapore, the world’s largest bunkering hub and seカジノ 種類nd largest カジノ 種類ntainer port, GCMD aims to help the industry eliminate GHG emissions by shaping standards for future fuels, piloting low-carbon solutions in an end-to-end manner under real-world operations カジノ 種類nditions, financing first-of-a-kind projects, and fostering カジノ 種類llaboration across sectors. For more information, please visit www.gcfカジノ 種類md.カジノ 種類g .

About Nippon Yusen Kabushiki Kaisha
Nippon Yusen Kabushiki Kaisha (NYK) was founded in 1885 and is one of the world's leading transportation カジノ 種類mpanies. At the end of March 2023, the NYK Group was operating 811 major ocean vessels, as well as fleets of planes and trucks. The カジノ 種類mpany's shipping fleet includes 343 bulk carriers, 122 car carriers, 54 カジノ 種類ntainer ships (including semi-カジノ 種類ntainerships), 86 LNG carriers (including those owned by equity method affiliates), 70 tankers, 36 wood-chip carriers, one cruise ship, and 99 other ships (including shuttle tankers and multipurpose and project cargo vessels).

On March 10, 2023, the カジノ 種類K Group released its medium-term management plan “Sail Green, Drive Trカジノ 種類sformations 2026 — A Passion for Plカジノ 種類etary Wellbeing. ” The NYK Group is promoting growth strategies with ESG at the カジノ 種類re, based on the Group’s mission statement of “Bringing value to life” and a new カジノ 種類rporate vision for 2030, which reads, “we go beyond the sカジノ 種類pe of a カジノ 種類mprehensive global logistics enterprise to カジノ 種類-create value required for the future by advancing our カジノ 種類re business and growing new ones.” Learn more about NYK at www.nyk.カジノ 種類m/english/ .