MT-FAST Receives Japan’s 2018 Minister of the Environment Award

MT-FAST, a fuel-saving device jointly developed by MTI and Tsuneishi Holdings Corporation, has been recognized with Japan’s 2018 Minister of the Environment Award. An awards ceremony was held today and attended by Hidetoshi Maruyama, senior managing corporate officer at NYK; Yasuo Tanaka, president of MTI; and Kenji Kawano, president of Tsuneishi Holdings Corporation.

MT-FAST is a multi-blade fuel-saving device that can be attached to a ship’s hull to improve the propeller’s propulsion efficiency. The device can be fitted to new vessels and retroactively fitted to existing vessels. Since 2008, it has been installed on ships built at Tsuneishi shipyards and NYK Group–operated bulk carriers and containerships, reaching a 500-vessel milestone and reducing carbon dioxide (CO2) emissions by about 1,341,000 tons over the past 10 years. This award was granted by the Environment Ministry in recognition of the three companies’ initiatives to promote installation of the fuel-saving device.

The three companies will continue to promote installation of the fuel-saving device, and will develop technology that will reduce environmental burdens to address environmental issues together with the entire maritime industry.

* Minister of the Environment Award
The award was established in 1998 by Japan’s Ministry of the Environment and is given every year in December to coincide with Global Warming Prevention Month. The recognition is presented to individuals and groups that have shown remarkable achievements in addressing climate change. This is the third time the NYK Group has been an award winner. In 2012, the NYK Group was honored for its development and operation of an energy-saving vessel-bottom air lubrication system, and in 2015 the NYK group was recognized for its development and operation of the Ship Information Management System (SIMS).

Related Links

MT-FAST Fuel-saving Device Installed on 500 Vessels
(Announcement on August 2, 2018)

Link to the news release on the NYK website