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NYK's 50,000-dwt tanker Takaroa Sun (built 2019) was seen in Rotterdam bunkering methanol from a barge. The transfer on 10 May 2021 was the world's first such operation for the green fuel. Photo: NYK

NYK Line sells $183m 'transitional bonds' in decarbonisation drive

Japanese shipping giant is the first to issue such bonds based on Tokyo’s taxonomy rules

30 July 2021 11:09 GMT Updated 2 August 2021 8:53 GMT

By Max Tingyao Lin

in London

Japan’s NYK Line has raised ¥20bn ($183m) via sales of “transitional bonds” to develop low-emission shipping in the decades to come.

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The shipping conglomerate said in a statement on Friday that it has become the first company to issue such bonds as defined by the Japanese government.