Toyota Pushes for 20 LNG-Powered Car Carriers

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Image Courtesy: NYK Lines

Toyota, in a move to prepare itself for things to come, has turned to LNG-powered vessels to transport its cars to various destinations.

The company is preparing for the environmental regulations that will go into force in 2020 and has thus backed an investment in up to 20 LNG-powered car carriers with the capacity to carry 7,000 vehicles each.

NYK Line, K Line and Toyota’s Toyofuji Shipping are expected to be in the running for the contract, which is estimated to be approximately USD 1.83 billion. 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.