ClassNK evaluates Fukuoka Shipbuilding for ‘Zero-Emission Accelerating Ship Finance’ eligibility

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Under the ‘Zero-Emission Accelerating Ship Finance’ programme jointly operated by Development Bank of Japan Inc. (DBJ) and ClassNK, the Japanese class society evaluated the LNG dual-fuelled chemical tanker FAIRCHEM PIONEER jointly developed by Fukuoka Shipbuilding and Fairfield Japan Ltd. (FJL), currently under construction for charter to FJL.

Fukuoka Shipbuilding, which has shipbuilding yards in Fukuoka City and Nagasaki City, is a shipbuilding company with strength in building chemical tankers while FJL, the Japanese subsidiary of Fairfield Chemical Carriers of the US, has been working on advanced initiatives to decarbonise its operations, including joint development of the ship with Fukuoka Shipbuilding. The ship, being built at Fukuoka Shipbuilding’s Nagasaki Yard will be the first LNG dual-fuelled chemical tanker in Japan.

Under the programme, ClassNK evaluates ships based on a comprehensive scoring model jointly developed by DBJ from the perspective of decarbonisation, environmentally friendly performance and innovation, while DBJ provides investment and financing. FAIRCHEM PIONEER received an ‘A’ rating.

In evaluating the ship, the following factors were taken into account:

• The LNG dual-fuelled engine enables a significant reduction of carbon dioxide (CO2), and the ship is expected to compliant with the Energy Efficiency Design Index (EEDI) Phase 3 requirements achieved prior to the enforcement of the regulation;

• Use of LNG fuels enables a reduction of nitrogen oxide (NOx), sulphur oxide (SOx), and particulate matter (PM) and meets NOx Tier III and SOx regulations;

• Through lifetime environmental performance is addressed by planning to develop and maintain an Inventory of Hazardous Materials required by the Ship Recycling Convention.

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