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Euronav, CMB.TECH unveil future plans for an ammonia-powered fleet

International crude oil giant Euronav and CMB.TECH will merge to form a new clean shipping entity. The future fleet will feature nearly one hundred ammonia-fueled ships, including Ultramaxes, large-scale container vessels, long-range carriers and chemical tankers. Further details have also emerged about CMB.TECH’s ammonia fuel production project in Namibia, which is targeting a yearly production capacity of 185,000 tonnes of ammonia fuel by 2028.

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Order book for alternative-fueled vessels grows in 2023

Clarksons Research and DNV have provided their analysis of global ship orders for 2023. Last year saw the first orders for ammonia-fueled vessels, with container ships & car carriers dominating the order book for alternative fuel propulsion ships. But UMAS & the Global Maritime Forum warn that the current order book trajectory may only be a fifth of what is needed to achieve the IMO’s 2030 target for alternative fuel uptake.

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Ammonia bunkering in Jacksonville, USA

Sumitomo will supply clean ammonia fuel for Hoegh Autoliners’ future fleet of ammonia-fueled PCTC vessels at the ports of Jacksonville and Singapore from 2027. Also on the Atlantic US coast, Sumitomo is part of a consortium conducting a feasibility study on ship-to-ship ammonia bunkering at the Port of Savannah.