Toyota’s LNG Carrier Push Meets Fuel Rule and Shipping Demand Growth Needs — Panjiva
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Toyota’s LNG Carrier Push Meets Fuel Rule and Shipping Demand Growth Needs

Cons. Discr. - Autos 1247 Corp - Shipping 1026 Energy - Bunker Fuel 90 Energy - Natural Gas 164 Japan 629 Mode - Seaborne 1845 U.S. 5399

Toyota wants its auto shipping partners – MOL, K-Line and NYK – to order at least 20 LNG-powered car carriers. That may cost 200 billion yen ($1.8 billion), but will in any event help alleviate pressure from forthcoming marine fuel regulations. Toyota’s use of shipping of completed vehicles into the U.S. has grown steadily, rising 13% annually over the past five years and 10% in the past year alone. That’s outpaced the 2% decline seen for all shipments, while number one shipper (by shipments) Nissan has recovered 16% in the past year after a longer-term decline.

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