Japan's top shippers and power producer unite on ammonia vessels

What happened: NYK Line, JERA and five other corporations including shipbuilders announced they will work together to promote the adoption of ammonia-fueled vessels, aiming to decarbonize maritime transportation. Key numbers: Four car carriers due by fiscal year 2030. Why it matters: The companies frame the tie-up as part of a maritime decarbonization push, with the vessels targeted for delivery by fiscal year 2030.

NYK Line, JERA and five other corporations including shipbuilders announced they will work together to promote the adoption of ammonia-fueled vessels, aiming to decarbonize maritime transportation.

The companies frame the tie-up as part of a maritime decarbonization push, with the vessels targeted for delivery by fiscal year 2030.