NYK

Japanese and Singaporean players team up to accelerate fleet-wide decarbonization

Collaboration

Japanese shipping colossal Nippon Yusen Kabushiki Kaisha (NYK Line) and Singapore-based Neptune Robotics, which specializes in vessel cleaning services, have penned a memorandum of understanding (MoU) to accelerate fuel efficiency and decarbonization across NYK’s fleet.

Courtesy of Neptune Robotics

As disclosed, the collaboration builds on a long-term partnership between the two companies, which was initially kick-started in 2022 when NYK became one of the earliest adopters of Neptune’s robotics-driven hull cleaning.

According to NYK, the Singaporean company’s AI-powered underwater robots are believed to deliver up to ten times fuel savings compared to cleaning costs, with ‘considerable’ reductions in fuel use and greenhouse gas (GHG) emissions.

The expanded cooperation will reportedly now seek to scale robotic cleaning across NYK’s globally sailing fleet, comprising bulkers, car carriers and other carriers. This is anticipated to accomplish “greater” fuel savings as well as carbon reductions each year, starting from the second deployment phase.

As part of the effort between Neptune Robotics and NYK, it is understood that the former has raised $52 million in a Series B funding round led by Granite Asia and with backing from the Japanese maritime transport player. The financing is hoped to help the Singapore-based company scale the deployment of its solution(s) on a wider scale.

To be specific, according to officials from Neptune, the funding is expected to fuel research and development (R&D) initiatives, new robotic systems, service platforms enabled by artificial intelligence (AI), and, ultimately, branching out into at least twenty markets around the world, of which Japan is envisioned to act as a potential ‘key’ hub.

As disclosed, a partnership like this comes at a time when the economic and environmental stakes are huge since biofouling—one of the burning issues in need of tackling on the voyage to net zero—can increase fuel usage by up to 30%, which is estimated to cost the maritime transport industry around $40-50 billion per year, in addition to driving excess emissions.

𝐃𝐨 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐠𝐫𝐚𝐛 𝐭𝐡𝐞 𝐚𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐭𝐚𝐫𝐠𝐞𝐭 𝐚𝐮𝐝𝐢𝐞𝐧𝐜𝐞 𝐢𝐧 𝐨𝐧𝐞 𝐦𝐨𝐯𝐞?

𝐇𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐮𝐦𝐦𝐞𝐫 𝐬𝐚𝐥𝐞 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐟 𝐮𝐩 𝐭𝐨 𝟓𝟎% 𝐨𝐧 𝐚𝐝𝐯𝐞𝐫𝐭𝐢𝐬𝐢𝐧𝐠 𝐩𝐚𝐜𝐤𝐚𝐠𝐞𝐬!