Korean logistics organisation Hyundai Glovis will ship LPG and ammonia from 2024 as part of a new ten-year agreement signed with Swiss-based commodity trader Trafigura. Glovis will spend around US$170 million on two new very large gas carriers (VLGCs) designed to carry both LPG and ammonia. It is unspecified who will provide the design and materials technology for the 86,000 m3 tank capacity on board each vessel.
For their part, Trafigura has been in the Ammonia Energy headlines consistently in 2021. An MoU with Yara to explore clean ammonia maritime fuel, an agreement to support development of MAN ES’s two-stroke, ammonia-powered maritime engines, and their ongoing involvement with green ammonia production in Canada (as a majority shareholder in Hy2Gen).
Mistui OSK Lines re-enters ammonia shipping, constructs new vessels
Hyundai Glovis’ announcement follows the decision of Mitsui OSK Lines to re-enter the ammonia transport market with their 35,000 m3 capacity vessel Green Pioneer. In August MOL also announced the construction of two LPG/ammonia-carrying VLGCs in partnership with Namura Shipbuilding (both will have 87,000 m3 capacity).