Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japan’s JFE Steel has signed a long term-agreement with NYK line, KawasakiKisen Kaisha(K Lines), and Mitsui OSK Lines (MOL), for the launch of three 210,000dwt LNG-fueled bulk carriers for the shipment of iron ore and coal to JFE steels from overseas regions.


The company also announced on June 20 that it is considering using zero-emission ships powered by eco-friendly fuels like ammonia and carbon-recycling methane. It is the first of its kind in the nation which will contribute to the company’s plan to achieve carbon neutrality by 2050.


Japan Marine United and Imabari shipbuilding will build the ships designed by Nihon Shipyard, who ordered the first LNG-fueled bulk carrier with the vessel arranged to be delivered by mid-2024.


Each ship will have an entire length of below 300m, beam till 50m, freeboard till 25m along, and a draft till 18.4m with a maximum tonnage of 110,800dwt and maximum deadweight capacity of 210,000dwt.


The vessel with Nihon Shipyard is due for delivery in January 2025. 

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