May 14, 2024

NS United Kaiun Kaisha, Ltd.

Execution of Memorandum of Understanding

for the Construction of Cape-size Bulk Carrier Powered by Dual Methanol Fuel

NS United Kaiun Kaisha, Ltd. (NS United) announced today that, together with Nippon Shipyard Co., Ltd. (NSY), Imabari

Shipbuilding Co., Ltd., and Japan Marine United Corporation, have executed a Memorandum of Understanding (MOU) for the

construction of Cape-size bulk carriers using dual methanol fuel, which are next-generation fuel vessels, jointly studied by NSY

and NS United. The vessel will be a next-generationenvironment-friendly vessel with a deadweight of 209,000 tons to be delivered

for the transportation of raw materials in Japan and overseas.

These vessels will adapt Phase 3 of EEDI* (30% reduction in CO2 emission efficiency compared to EEDI standards), which is

enforced to bulk carriers entering into shipbuilding contracts in 2025 and later, moreover, they will be equipped with a dual-fuel

engine that can be navigated using methanol fuel (a marine fuel with low environmental impact), in addition to conventional heavy

fuel oil.

Methanol is expected to contribute to the greenhouse gas (GHG) emission reduction strategy set forth by the International

Maritime Organization (IMO), and is being developed as a marine fuel by maritime industries and fuel producers. Since the use of

green methanol as a marine fuel is expected to reduce GHG emissions by more than 80% compared to conventional heavy fuel oil,

NS United aims to cooperate with many related companies involved in fuel development to procure green methanol, and the

implementationofdual-fuelmethanolvessel isanimportantmilestonetowardachievingour environmentalgoalofachieving "GHG

Net Zero by 2050".

NS United will strive to contribute to the realization of a sustainable society by strengthening its efforts to achieve carbon

neutrality as set forth in the Medium-Term Business Plan "FORWARD 2030 II Challenge for innovation and further growth with

U" , aiming to improve our cooperate value.

  • EEDI: Abbreviation for "Energy Efficiency Design Index". Standard value of CO2 emitted when carrying 1 ton of cargo for 1 mile.
    [Outline of the Vessel]

Total length:

Approx. 299.99 m

Mold width:

Approx. 50 m

Mold depth:

Approx. 25 m

Summer Load

About 18.40 m

Dead weight ton

Approx. 209,000 MT

Scheduled completion

2027 or later

For further information, please contact:

Yoshinori Sato, Project Group Manager

Telephone : +81-3-6895-6282

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NS United Kaiun Kaisha Ltd. published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 05:52:02 UTC.