NYK is aiming to reduce steel corrosion on its vessels through a new joint venture.

It has signed a memorandum of understanding with Toyokoh to examine business development using its CoolLaser technology.

"NYK aims to reduce the maintenance workload of crew on deck, in addition to dry-dock costs for repairs, and will discuss development of a business to provide a more efficient and environment-friendly maintenance method using Toyokoh’s epoch-making laser technology," it said.