Research into Environmentally Friendly, Fuel-Efficient Ship Designs

「As a group, in addition to expanding our domestic construction share of zero-emission vessels and other products, we aim to establish a structure in which zero-emission vessels account for 100% of our construction volume before 2040, toward achieving net-zero emissions by around 2050 as set out in the IMO (International Maritime Organization) GHG (greenhouse gas) reduction strategy.」

「Following orders for 5 large bulk carriers and 5 handy-sized bulk carriers compliant with environmental regulations, the order backlog at the end of the interim consolidated accounting period was ¥432,742 million, up 17.4% year on year.」

「In March this year, the company jointly developed a large ammonia carrier powered by ammonia with Mitsui O.S.K.Lines,Ltd. and 三菱造船株式会社, and jointly obtained basic design approval.」

「During the consolidated fiscal year, R&D activities focused mainly on researching fuel-efficient, environmentally friendly vessel types, improving the quality of existing products and developing vessel types in the core newbuilding business, in cooperation with external research institutions. Total R&D expenses were ¥643 million.」

「During the first six months of the fiscal year, we completed a total of 4 vessels, including 1 large LPG- and ammonia carrier (VLGC) designed for LPG fuel and mindful of the global environment, and 2 large bulk carriers. This VLGC was the first vessel of its type built and completed through a technical partnership with 三菱造船株式会社, based on the knowledge and experience we have accumulated in building small and medium-sized LPG carriers.」

「The company is actively developing environmentally responsive hull designs in collaboration with customers and others. However, if it cannot establish efficient R&D and production systems to address these regulations and develop vessels powered by new fuels, it may become disadvantaged in terms of the technological advantages of its core newbuilding business, creating a risk of reduced competitiveness for the Group.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥432 million.」

「We are making progress through research into environmentally friendly, fuel-efficient hull designs, improvements in the quality of existing products, and development focused on hull design, in collaboration with external research institutions. Total research and development expenses were ¥320 million.」

「The construction of a large LPG carrier (VLGC) is a first for the company. The vessel will be an environmentally friendly LPG and heavy-oil dual-fuel vessel built with the cooperation of 三菱造船株式会社.」

「This vessel is an advanced environmentally conscious ship equipped with a dual-fuel main engine that can use LPG in addition to conventional heavy fuel oil, as well as optimized propulsion efficiency. When using LPG as fuel, sulfur oxides (SOx) are expected to be reduced by approximately 90%, carbon dioxide (CO2) by approximately 20% and nitrogen oxides (NOx) by approximately 20% compared with conventional heavy-fuel-oil vessels. The vessel is also designed to carry ammonia, which is attracting attention as a next-generation clean fuel.」

「With regard to product development, the company is working on developing new products that help curb greenhouse gas emissions and contribute to a decarbonized society, including the world's first large LNG-fueled dedicated coal carrier ordered during the consolidated fiscal year, as well as researching next-generation technologies such as autonomous vessels, and is also actively participating in joint development and research with other companies」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥208 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥83 million.」

「Amid the tightening of environmental regulations worldwide, the R&D division is developing low-environmental-impact vessels for the next generation. In December last year, it reached a provisional agreement to receive an order for the world's first large LNG-fueled dedicated coal carrier. By using LNG as fuel, the vessel will substantially reduce CO₂, SOx and NOx emissions.」

「The R&D division is working to expand its lineup of high-value-added products with superior fuel efficiency for the next generation. In August, it obtained basic design approval for a large LNG-fueled very large ore carrier (VLOC) jointly developed with Kawasaki Kisen Kaisha,Ltd.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥594 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥432 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥240 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥101 million.」

「As regulations on ship emissions are being tightened internationally, Tohoku Electric Power Company,Incorporated, 株式会社商船三井 and we have been conducting joint research on a new LNG-fueled coal carrier. In December 2017, we obtained approval in principle for the design from Lloyd's Register.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥171 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥81 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥423 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥281 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results. Total R&D expenses were ¥166 million.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results.」

「The company is advancing research into environmentally friendly, fuel-efficient vessel types, improvements in the quality of existing products and development centered on vessel types, in cooperation with external research institutions, and is beginning to achieve results.」