AsiaDry Cargo

NYK Bulk & Projects Carriers secures biomass fuel transport contracts

NYK Bulk & Projects Carriers, the bulker unit of NYK, has secured long term biomass fuel transport contracts from two new domestic power plants, Japanese media Kaiji Press reports.

One contract will see the company transport wood pellets for a new Japanese biomass power plant from 2021 when the plant commences operation, for a period of 15 years, while the other contract, awarded by another domestic power plant, is for transporting palm kernel shell (PKS) for a period of 10 years starting from this year.

NYK will deploy handysize bulkers or smaller bulkers below 20,000 dwt for the contracts.

“We will put particular emphasis on biomass-related cargo items such as wood pellets, PKS and wood chips. We have been undertaking transport of North American pellets since 10 years ago and accumulated knowhow as a pioneer. A stable procurement of fuels is quite important in biomass power generation. We will go all-out to get long-term contracts as biomass fuel transport is sure to grow markedly in the future,” said Motoyuki Nose, president of NYK Bulk & Projects Carriers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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