The funding will be used to develop shore power facilities at several European ports as well as alternative fuel bunkering infrastructure.
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The firm's 1,707 TEU boxship the Piya Bhum recently bunkered a B24-VLSFO blend before setting off on a voyage from Laem Chabang to Ho Chi Minh City on October 19.
Takaya Soga, CEO of NYK, says methanol and LNG will also be used, but play a smaller role in its plans.