LNG is not the answer to meeting IMO goals, K Line’s President and CEO Yukikazu Myochin has said in his New Year message in the company newsletter.
As well as looking back on issues affecting the market in 2019 and conditions moving forward, K Line’s President also raised the issue of fuels and their environmental impact.
“Another theme that we must address head-on is environmental conservation, especially since we are a company that utilises nature for its business. Compliance with the tightened regulation on emissions of SOx that began this year is significant change to our industries. As a shipping company entrusted with our customers’ valuable cargo, we meticulously prepared each member of at-sea and on-land personnel under the slogan of “Never stop the ship”.
An even greater challenge lies ahead in reducing greenhouse gases GHG. As stated in the company’s Environmental Vision 2050, we announced the construction of an LNG-powered car carrier at the end of last year. We also announced our participation in an LNG fuel supply business in Singapore with Shell in addition to the launch of a joint venture in the Chubu Region. However, we cannot reach IMO’s 2030 targets by simply switching diesel oil to LNG fuel; on top of that, we must continue to study new technologies as “LNG + (plus)”, such as the self-flying energy kites announced last year
that utilise wind power. Furthermore, in order to reach our 2050 goals, we will accelerate research in alternative fuels such as ammonia, and methanation fuels in addition to hydrogen, participated in demonstration of shipping liquefied hydrogen through HySTRA last November”.