bp and NYK Line have signed a memorandum of understanding to collaborate on future fuels and transportation solutions to help industrial sectors, including shipping, decarbonise.
Methanol fuel produces up to 15% less carbon emissions during combustion than conventional fuel oil and reduces sulfur oxide (SOx) emissions by approximately 99%.
On May 11, NYK became the first Japanese shipping company to join the Ship Recycling Transparency Initiative (SRTI), an information disclosure platform hosted by the Sustainable Shipping Initiative (SSI).
