NYK Group’s investments in newbuildings will soar from 2030 as it steps up its zero-emissions efforts.

Chief executive Takaya Soga told the TradeWinds Shipowners Forum in Tokyo that future spending on vessels will far exceed the ¥1.2trn ($8.04bn) it plans to spend between 2023 and 2026.

He said the increase will take the form of ordering alternative-fuel vessels.