Report: Japanese Lines to Order Up to 20 LNG-Powered Car Carriers for Toyota?

Prompted by the upcoming environmental regulations set to enter into force in 2020, Japanese car manufacturer Toyota Motor Corporation is said to be turning to LNG-powered ships to transport its cars across the globe.

According to a report from Japanese daily Nikkei, the company is backing an investment in up to 20 LNG-powered car carriers with the capacity to carry 7,000 vehicles each. The order, priced at USD 1.83 billion, would be split between three car carrier owners entrusted with shipping Toyota’s cars; NYK Line, K Line and Toyota’s Toyofuji Shipping, the daily reported.

A specific timeline for the orders was not given, as the move is believed to be still in its initial stage.

However, once the ships are delivered, they are expected to replace existing vessels on North American routes.

Japanese yards such as Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Imabari and Japan Marine United have been identified as potential builders of the new ships, Asiasis reported.

Neither Toyota Motor nor Toyofuji Shipping was available for comment at the moment of publishing of this article.

The plans have emerged weeks after a naming and launching ceremony for Toyofuji Shipping’s new 3,000-vehicle car carrier vessel Trans Harmony. The ship will be sailing on the company’s Asia routes, once delivered in January next year.

Data from VesselsValue shows that the company also has one more newbuilding on order at compatriot Naikai Setoda Shipbuilding also set for delivery by the end of this year.

Based on Toyofuji’s website info, the company has 17 car carriers in its fleet, their age ranging from 1986 to 2011.

World Maritime News Staff

 

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >