Japanese Partnership Plans to Reduce Emissions From Oil Imports

Aerial view of a large oil tanker and tugbpat
Environment Corporate News Shipping Asia
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In order to design and build a low-carbon emission very large crude carrier (VLCC), four Japanese players have joined forces. 

The shipping affiliate of Japan’s second largest oil refiner, Idemitsu Kosan, and Idemitsu Tanker have formed a consortium with shipping lines Lino and NYK and builder Nippon Shipyard. Their goal is to significantly reduce greenhouse gas emissions in a VLCC by more than 40% compared to conventional tankers. 

Currently, 0ver 90% of Japan’s crude imports originate from the Middle East. The partnership has reiterated that oil continues to be an essential element from the perspective of more stable energy supplies. 

The 4 companies aim to minimise emissions stemming from shipping in the trading route via a Malaccamax - a vessel that has been optimally designed for VLCCs connecting, via the Malacca Strait, the Middle East and Japan.

The ship has already been dubbed as the next-generation VLCC with its concept expected to incorporate an onboard carbon capture system, alternative fuels, and wind-assisted propulsion.