• Home
  • News
  • NYK participates in marine biofuel data collection and analysis project
  • 2022 August 2 10:24

    NYK participates in marine biofuel data collection and analysis project

    NYK and Astomos Energy Corporation have participated in a marine biofuel demonstration project launched by the Global Center for Maritime Decarbonisation (GCMD), a non-profit organization aiming to promote decarbonization of the maritime industry, according to the company's release.

    Biofuels can be used without remodeling the existing ship’s engines and infrastructure. Furthermore, although biofuels generate CO2 when combusted, they are considered carbon-neutral because they are made from plants and waste cooking oil. So, biofuels are expected to be one of the most promising next-generation fuels for decarbonization.

    GCMD is a non-profit organization (NPO) established in August 2021, founded by the Maritime and Port Authority of Singapore (MPA) and 6 industry partners. It has launched this project to establish an assurance framework for ensuring the supply chain integrity of current and future green marine fuels, bringing genuine benefits to end-users and the climate.

    Eighteen companies and organizations, including NYK and Astomos, are participating in this project, and demonstration trials will be conducted with an investment scale of approximately US$18 million. One of the objectives is to establish transparency in the biofuel supply chain with the use of tracer technologies, so this project is characterized by the participation of shipping companies as consumers. Specifically, the shipping companies will conduct a trial operation using biofuels and provide GCMD with data on their biofuel use. By facilitating and creating an optimized drop-in green fuels supply chain, this pilot will help to shape national and international standards of biofuels for the maritime industry and lower the barrier for their wider adoption to reduce GHG emissions from a lifecycle perspective.

    On February 3, 2021, 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 through business activities. On March 24, 2022, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the "NYK Group ESG Story" and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective.

    In addition, NYK has set "Sail GREEN" as company’s ESG brand that emphasizes NYK's efforts to reduce GHG emissions through the transport of goods and contribute to the eco-friendly supply chains of customers, regardless of the mode of transport (e.g., by sea or land, through terminals, etc.).




2022 December 5

18:27 ABP completes its annual Humber Oil Spill Incident Management Exercise
18:07 DNV enlarges its offerings portfolio to support businesses with EU Green Deal requirements
18:00 Oboronlogistics reports stable growth of ferry traffic in November 2022
17:44 Adani Ports and SEZ wins bid to buy Karaikal port - The Hindu Businessline
17:26 PD Ports welcomes first vessel on new short sea service from Iberia
17:04 Icebreaker assistance season begins in the port of Azov on December 7
16:57 Port of Rotterdam Authority and GoodShipping launch ‘Switch to Zero’ campaign to reduce shipping industry carbon emissions
16:17 Rosmorport to sign agreement with Gazpromneft Marine Bunker for supply of 10,000 tonnes of LNG to bunker ships in Ust-Luga
15:46 "Zykh" Ship Repair and Construction Yard completes the overhaul of the dry-cargo ship for ASCO
14:59 Nuclear-powered icebreaker Ural of Project 22220 commenced operation in the Kara Sea
14:25 Port of Baku signed MoU connecting Chinese and European hubs
14:13 Council of the EU issues conclusions on the "Ongoing development of inland waterway transport"
14:03 Optimarin highlights how to navigate the challenges of BWTS retrofits
13:30 Magdalena Bosson becomes the new CEO of Ports of Stockholm’s
13:02 ICTSI delivers the largest port equipment in Papua New Guinea
13:01 AEON to build methanol plant with annual capacity of 1 million tonnes by 2026
12:40 Wartsila Cargo Handling and Fuel Supply Systems selected for world’s largest LPG/Midsize gas carriers
12:13 TotalEnergies becomes the eighth partner of the Castor Initiative
12:12 Ice conditions of mild winder type expected in the Gulf of Finland this navigation season
11:40 ASCO’s dry-cargo ship Huseyn Javid resumes operation after major overhaul
10:54 EU agrees on level of price cap for oil from Russia
10:38 Ships certified by RINA and Bureau Veritas to be accepted for operation in navigation season 2022-2023
10:35 UK bans import of Russian oil and oil products from 5 December and introduces oil price cap guidance
09:41 EMA and the Maritime and Port Authority of Singapore invite interested parties to submit proposals to build, own and operate low or zero-carbon power generation and bunkering solutions in Jurong Island
09:29 Throughput of Eisk seaport totaled 3.77 million tonnes

2022 December 4

15:12 Global energy major joins The Castor Initiative - LR
13:29 The Port of Valencia activates an investment of 1,564 million euros for its new container terminal
11:42 Busole project awarded in the ESG Innovator competition
10:02 Hupac announces new rail connection Antwerp Combinant and Duisburg

2022 December 3

15:49 Schedule reliability continues on its upwards trend - Sea-Intelligence
13:07 Concordia Maritime announces delivery of sold vessel and continued review of its fleet
11:18 Trinidad and Tobago targets 4 Mtpa green hydrogen by 2065
09:34 SITC accepts delivery of M/V “SITC CHENMING”

2022 December 2

18:25 Queues to pass through Bosporus Strait worse than past year - Lloyd's List Intelligence
18:07 e1 Marine, NAVTEK partner to develop hydrogen-powered car carrier vessel - H2 View
17:59 IAA PortNews’ summary of past week news
17:40 MacGregor introduces an electric transloading crane to complete the electric crane series
17:21 Wartsila to act as system integrator for Binary Marine Installation Solution
17:00 Nuclear-powered icebreaker Ural of Project 22220 leaves Murmansk for the first operational voyage
16:52 The ports in Szczecin and Swinoujscie cargo transshipments up by 9.4 percent in Jan-Nov 2022
16:24 GTT receives two orders from Samsung Heavy Industries for the tank design of seven new LNG сarriers
15:53 15 empty containers at Keppel Terminal in the port of Singapore fall into the water due to squall 
15:46 Krasnoye Sormovo may be contracted for building river/sea class ships for Belarussian companies
15:29 Hyundai Heavy Industries Group to present 'ocean transformation' plans at CES 2023
15:07 Demand for Eastern Polygon traffic to exceed capacity by 70-80 million tonnes after 2025 - expert
14:58 Deal to resume Russian ammonia exports via Ukraine close – Reuters
14:24 Freeport LNG delays restart target to end of year amid US regulatory hurdles - S&P Global
13:55 FSUE Rosmorport supports 6th Hydraulic Engineering and Dredging Congress as its General Partner
13:13 Giant wave kills passenger and injures four on new Viking cruise ship - TradeWinds
12:56 Aker BP’s Board approves field development projects
12:31 Waiting list for civil ship repair in Arkhangelsk Region is 2‒3.5 years long
11:52 Indian port operator orders three Generation 6 Konecranes Gottwald Mobile Harbor Cranes to electrify bulk handling
11:35 LR authorised to carry out certification activities for non-SOLAS ships in Italy
11:26 A batch of reefer containers delivered to Vladivostok Sea Fishing Port
11:03 Singapore and Netherlands accept IMO Convention amendments
10:58 Accelleron launches new all-inclusive service agreement for auxiliary engine turbochargers
10:35 Sempra announces sale and purchase agreement with INEOS for Port Arthur LNG Phase 1
09:44 Winter-spring navigation season begins on the Northern Sea Route
09:40 NYK concludes investment and strategic partnership agreements with Pertamina
09:15 Rosmorport receives new certificate of conformity of Novorossiysk VTS