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AiP for offshore production in Korea, government funding for maritime ammonia in Scandinavia
Article

AiP for offshore production in Korea, government funding for maritime ammonia in Scandinavia

Geofrey Njovu October 04, 2023

Korea Research Institute of Ships & Ocean Engineering’s offshore hydrogen & ammonia production design has received Approval in Principle from the American Bureau of Shipping. In Scandinavia, the Norwegian government has awarded funding for two ammonia-fuelled vessel projects as part of a NOK 709 million funding round (including Yara Clean Ammonia & Viridis Bulk Carriers).

Vessel news: bunker tankers, VLACs, pulp carriers & dual-fuel new builds
Article

Vessel news: bunker tankers, VLACs, pulp carriers & dual-fuel new builds

Geofrey Njovu October 03, 2023

In vessel news this week:

  • ClassNK and partners are working on a joint study for the development of an ammonia-powered, ammonia bunkering tanker.
  • Capital Gas’ order of two very large ammonia carriers to be built by Samsung Heavy Industries are scheduled for delivery by H2 2027.
  • G2 Ocean has triggered its option of an additional two ammonia ready vessels from Grieg Maritime Group.
  • WinGD and KSS Line will explore WinGD’s X-DF-A engines for newbuild vessels, focussing on midsize & very large carriers.

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.

India: new state-level hydrogen & ammonia policy, national hydrogen standard
Article

India: new state-level hydrogen & ammonia policy, national hydrogen standard

Julian Atchison August 29, 2023

The state government of Andhra Pradesh launched its new hydrogen and ammonia policy in June, including a production target of up to 2 million tonnes per year of renewable ammonia, plus a raft of incentives to attract project developers to the Indian state. The news comes as India’s Ministry of New and Renewable Energy sets the standard for “green” hydrogen produced in the country.

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.

New bunkering partnerships to unlock ammonia fuel market
Article

New bunkering partnerships to unlock ammonia fuel market

Julian Atchison July 02, 2023

Yara and Bunker Holding will look to accelerate the supply of ammonia bunker fuel to first movers in the shipping industry, focusing on key trading routes and port locations. In Norway, Equinor and Azane Fuel Solutions will undertake a new project, aiming to demonstrate how Norway’s offshore sector can be decarbonised by 2030 via the use of clean ammonia fuel.