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Climate Change

$5.6bn green fund to buy LNG-powered vessels for Japan's shippers

Anchor Ship joins private-sector push to help reach net-zero emissions by 2050

Kawasaki Heavy Industries' LNG bunkering ship Kaguya: A Japanese fund will support the use of liquefied natural gas to cut greenhouse gas emissions in marine shipping. (Photo courtesy of Kawasaki Heavy Industries)

TOKYO -- With an eye on Japan's goal of net-zero greenhouse gas emissions by 2050, Tokyo-based Anchor Ship Partners will launch a roughly 600 billion yen ($5.65 billion) vehicle as early as this month to aid decarbonization efforts in the shipping sector.

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