NYK Bulkship signs deal with Finland’s Neste

Japan’s NYK Bulkship, a subgroup of NYK Group, has signed a contract of affreightment with Finland’s Neste to transport renewable diesel.

NYK will use its MR tankers to freight the renewable diesel which is sourced globally from wastes and residues such as animal fat, vegetable oil and used cooking oil.

The company said it will also be participating in the transport of other renewable products like sustainable aviation fuel such as NRD, which is in accordance with NYK’s ESG management strategy.

The company announced last month that it will further integrate ESG into the company’s overall management strategy and promote commercial activities that help it achieve its sustainable development goals.