NYK, BHP strengthen shipping decarbonization partnership

BHP and NYK have signed a Memorandum of Understanding (MoU) to expand and deepen their existing business relationship and to support the decarbonization of ocean transportation across their shared supply chain.

BHP and NYK will jointly study the next-generation of zero-GHG emission ships fueled by green or blue ammonia. If feasible, this could potentially support both organizations in their ongoing efforts to achieve their respective long-term GHG emission reduction targets for shipping and present a further decarbonization option for the shipping industry.

BHP and NYK also aim to promote the use of GHG emission reduction measures such as energy-saving innovations and technologies, and alternative lower- and zero-GHG emission marine fuels.

BHP’s Vice President of Maritime & Supply Chain Excellence, Rashpal Singh Bhatti, said: “Signing this MOU with NYK, one of our long-term strategic partners, lets us leverage their reach and depth of expertise in shipping and decarbonization – including the future fuel transition the industry must make – in support of BHP’s decarbonization ambitions for net zero Scope 3 GHG emissions from shipping of BHP’s sold products by 2050.”

Nobuhiro Kashima, Managing Executive Officer-Chief Executive of Dry Bulk Division, NYK, said: “NYK is very pleased to expand our strategic partnership with BHP with a specific aim and focus on decarbonization and we look forward to developing decarbonization solutions for our shared supply chain. This deepens our relationship as strategic business partners. 

“Going forward, NYK will continue to make full use of our knowledge, innovation and technologies as one of the world’s leading shipping companies to support our decarbonization of shipping in cooperation with customers.”

Photo credit: iStock/ Viktor4ik

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