The loan period is for 10 years starting 27 December 2018.
The 49,000-dwt newbuild chemical tanker will be constructed at Hyundai Mipo Dockyard with delivery scheduled for 2019.
“Its methanol-fuelled main engine will reduce sulphur oxides (SOx) by approximately 99% compared with the use of heavy oil. In fact, the vessel’s entire SOx emissions, including the electrical generator, will fall by about 75% compared with using oils that comply with low-sulphur oil regulations,” NYK stated.
Read more: Methanol – an economic alternative marine fuel of the future?
“Using methanol as a marine fuel helps meet the International Maritime Organization’s new regulations that cap sulphur content in marine fuels coming into effect in 2020. Methanol is a clean-burning fuel that produces less nitrogen oxides (NOx) and particulate matter (PM), enabling more environment-friendly operation by NYK.”
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