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Tracking the development pipeline of ammonia-ready vessels
Article

Tracking the development pipeline of ammonia-ready vessels

Geofrey Njovu September 24, 2023

In vessel news this week:

  • Samsung Heavy Industries’ ammonia-powered, ultra-large ammonia carrier design has been granted AiP by Korean Register.
  • Pherousa Green Shipping’s new fleet of six Ultramax vessels will be developed alongside partner OSM Thome.
  • And Avance Gas has triggered the option of two mid-sized LPG/ammonia carriers, noting growth in global seaborne ammonia trade.

New marine engine partnerships to accelerate deployment
Article

New marine engine partnerships to accelerate deployment

Geofrey Njovu September 19, 2023

Expected to become commercially available in 2025, WinGD’s X-DF-A ammonia powered engines will be fitted on Samsung Heavy Industries’ newbuild vessels. Eastern Pacific Shipping expects its ammonia powered Newcastlemaxes and VLAC fleet to be delivered from 2026 onwards, after signing a series of agreements with MAN Energy Solutions and other key partners.

Successful finance pathways for the NoGAPS vessel
Article

Successful finance pathways for the NoGAPS vessel

Julian Atchison September 05, 2023

New analysis from the Global Maritime Forum has found that the cost gap between ammonia fuel and conventional fuel could be closed as early as 2026 for their new NoGAPS vessel. A series of levers need to be pulled to fully finance NoGAPS and similar vessels (such as long-term charters), but the authors report favorable deals should be readily available. The authors also map out three commercial pathways for NoGAPS to operate, the easiest being exclusive bunkering on the US Gulf Coast.

Mitsui O.S.K. Lines: forging ahead with a comprehensive strategy for maritime ammonia
Article

Mitsui O.S.K. Lines: forging ahead with a comprehensive strategy for maritime ammonia

Conor Furstenberg Stott August 29, 2023

Earlier this year, the Japanese shipping giant declared a strategic direction which included a substantial role for low carbon ammonia. In our latest episode of Maritime Insights we explored the scope of this new strategy, MOL’s future fuels roadmap, and the wide range of initiatives in play to construct a full value chain for fuel ammonia (including mega-scale production projects).

Leakage-free bunkering & ammonia-ready newbuild vessels
Article

Leakage-free bunkering & ammonia-ready newbuild vessels

Geofrey Njovu August 24, 2023

In Japan, NYK and TBG will develop a new ammonia bunkering boom to help reduce ammonia leakage during fuel transfers. On the newbuild front, Stolt Tanker’s six newbuild vessels will have the option of being retrofitted for ammonia propulsion, including the recently delivered Bochem Houston. Wallenius’ four “next generation” vessels will be initially methanol powered, with the option to run on ammonia.

Maritime momentum builds: ammonia-powered container ships, offshore service vessels
Article

Maritime momentum builds: ammonia-powered container ships, offshore service vessels

Geofrey Njovu August 07, 2023

Seaspan and partners will look towards commercialisation for their large-scale, ammonia-powered container vessel design. Korea Maritime Consultants has been granted AiP for a small-sized container vessel concept for small-scale applications, and the Blaavinge consortium aims to develop their ammonia-powered offshore wind service vessel in time for use in the Utsira Nord project in Norway.