K Line receives LNG car carrier

The 200m Oceanus Highway was constructed by Shin Kurushima Toyohashi Shipbuilding Co. and delivered on 27 February.

K Line financed the construction using the framework of the Zero-Emission Accelerating Ship Finance. The programme is jointly operated by the Development Bank of Japan and ClassNK, with the aim of supporting the maritime shipping industry’s transition toward decarbonisation.

The programme is based on a comprehensive scoring model developed jointly by DBJ and ClassNK which evaluates ships from the perspectives of decarbonisation, environmentally friendly performance and innovation. This is the first time K Line has used this programme for financing.

In K Line’s ‘Environmental Vision 2050 – Blue Seas for the Future’, it has set the 2030 interim target of improving CO2 emissions efficiency by 50% compared with 2008.

LNG will play a part in this endeavour, reducing emissions of CO2 by 25% to 30% and emissions of SOx by almost 100%.