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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).

IEA: ammonia key to decarbonising shipping by 2050
Article

IEA: ammonia key to decarbonising shipping by 2050

Julian Atchison October 03, 2023

With international shipping activity to more than double by 2050, the IEA forecasts that ammonia’s share of final energy consumption in the industry will rise to 44% in 2050, with a suite of other low-carbon fuels to play smaller roles. Lloyd’s Register & OCI HyFuels have also forecast that ammonia (and particularly electrolytic ammonia) will become the most significant fuel in the maritime sector by 2050.

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.

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.