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Development of a Concept Design for "Ammonia-fuel Ready LNG-Fueled Vessel" Is Launched Nippon Yusen Kabushiki Kaisha MTI Co., Ltd. Elomatic Oy Sep. 08, 2021 Nippon Yusen Kabushiki Kaisha (hereinafter, NYK), MTI Co., Ltd. (hereinafter, MTI), and Elomatic Oy, a Finnish maritime consulting and engineering firm, launched the development of a concept design for "Ammonia-fuel Ready LNG-Fueled Vessel" (ARLFV), which covers the transition to future marine fuel. 1. Background Currently, NYK and MTI (hereinafter, the NYK Group) promotes upgrading its fleet via the use of LNG, a low-carbon marine fuel, to achieve NYK's mid- and long-term environmental targets*. The LNG-fueled vessel is set as a bridge solution to future marine fuel. The NYK Group also participates in activities such as the Project for Safe Use of Ammonia as Marine Fuel that aim at launching zero-emission ships that run on such low-environmental-load marine fuels as ammonia or hydrogen in future**. The NYK Group and Elomatic launched the development of a concept design for "Ammonia-fuel Ready LNG-Fueled Vessel" (ARLFV), which can be converted to a ship using ammonia as a marine fuel once its supply is ready. ARLFV is set as a "Next Bridge Solution" to cover the transition of the marine fuel from LNG to ammonia. 
Concept of ARLFV as Next Bridge Solution 2. Outline of Development
The results of development will be released in a video with accompanying 3D models in January 2022 at the time of the project's completion. On February 3, 2021, NYK released "NYK Group ESG Story," *** which aims to further integrate ESG into the company's management strategy and promotes activities that contribute to the achievement of the SDGs (Sustainable Development Goals) through business activities. To strongly promote ESG management, the NYK Group encourage new value creation as a sustainable solution provider through a business strategy that includes the activities which promotes upgrading to a next-generation eco-friendly fleet. Company Overviews Nippon Yusen Kabushiki Kaisha Head office: 2-3-2 Marunouchi, Chiyoda-ku, Tokyo, Japan President: Hitoshi Nagasawa Website: https://www.nyk.com/english/ MTI Co., Ltd. Head office: 2-3-2 Marunouchi, Chiyoda-ku, Tokyo, Japan President: Kazuo Ishizuka Website: https://www.monohakobi.com/en/ Elomatic Oy Location: Turku, Finland CEO: Patrik Rautaheimo Website: https://www.elomatic.com/en/ * NYK's mid- and long-term environmental targets https://www.nyk.com/english/esg/envi/plan/ **NYK Group's efforts to realize ammonia-fuel vessel NYK Group, press release 
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