BHP And NYK Strengthen Strategic Partnership To Progress Shipping Decarbonisation

BHP and NYK have signed a Memorandum of Understanding (MoU) to expand and deepen their existing business relationship and to support the decarbonisation of ocean transportation across their shared supply chain.

BHP and NYK will jointly study the next-generation of zero-GHG emission ships fuelled by green or blue ammonia. If feasible, this could potentially support both organisations in their ongoing efforts to achieve their respective long-term GHG emission reduction targets for shipping and present a further decarbonisation option for the shipping industry.

BHP and NYK signing a Memorandum of Understanding
Credits: NYK Group

BHP and NYK also aim to promote the use of GHG emission reduction measures such as energy-saving innovations and technologies, and alternative lower- and zero-GHG emission marine fuels.

BHP’s Vice President of Maritime & Supply Chain Excellence, Rashpal Singh Bhatti, said: “Signing this MOU with NYK, one of our long-term strategic partners, lets us leverage their reach and depth of expertise in shipping and decarbonisation – including the future fuel transition the industry must make – in support of BHP’s decarbonisation ambitions for net zero Scope 3 GHG emissions from shipping of BHP’s sold products by 2050.”

Nobuhiro Kashima, Managing Executive Officer-Chief Executive of Dry Bulk Division, NYK, said: “NYK is very pleased to expand our strategic partnership with BHP with a specific aim and focus on decarbonisation and we look forward to developing decarbonisation solutions for our shared supply chain. This deepens our relationship as strategic business partners. Going forward, NYK will continue to make full use of our knowledge, innovation and technologies as one of the world’s leading shipping companies to support our decarbonisation of shipping in cooperation with customers.”

Reference – NYK Group

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