NYK teams up with Chilean copper giant Codelco on first ammonia-fuelled bulker

NYK’s bulker arm and miner Corporacion Nacional del Cobre de Chile (Codelco) have signed an agreement to build what could be the first of up to 15 ammonia dual-fuel handymaxes.

The Japanese shipowner said NYK Bulk & Projects Carriers (NBP) signed a memorandum of understanding (MOU) with Oshima Shipbuilding and Sumitomo Corp to study, design and construct the “world’s first” ammonia dual-fuel handymax bulker that will “reduce CO₂ emissions to zero”.