In a recent development, NYK has announced that they have concluded a long-term contract with Mitsubishi Paper Mills Limited for a new wood-chip carrier to be built by Oshima Shipbuilding Co. Ltd. which would have a capacity of lifting 4.3 million cubic feet of wood chips, says a press release on their website.
Features of the Ship
- The latest design that will allow the vessel to perform well in all types of weather while ensuring low water resistance and high efficiency
- Energy-saving equipment that will lower fuel consumption considerably compared with conventional vessels
- Equipment that complies with SOx (sulfur oxide) emission regulations
What’s in it for NYK?
NYK currently has four long-term contracts with Mitsubishi Paper Mills Limited — the largest share of contracts that any shipping company has with Mitsubishi Paper Mills Limited — and this contract will allow the two companies to enhance their eco-friendly transport.
NYK’s Outlook
In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates through long-term contracts and continue its efforts to contribute to stable and economical transport of energy resources.
Vessel Details
Length Overall: about 210 meters
Breadth: about 37 meters
Deadweight Tonnage: about 59,900 metric tons
Cargo tank capacity: about 4,300,000 cubic feet
Builder: Oshima Shipbuilding Co. Ltd.
Delivery: 2021
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Source: Nyk
