ITOCHU & Peninsula: joint development of ammonia bunkering in Spain
The two partners will pool their resources to develop ammonia bunkering at the Port of Algeciras in Spain.
The two partners will pool their resources to develop ammonia bunkering at the Port of Algeciras in Spain.
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.
In vessel news this week:
In vessel news this week:
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.
This week, we explore three new onboard systems: the Mitsubishi Ammonia Supply and Safety System (MAmmoSS®), Singapore-based C-LNG Solutions’ new ammonia low flash point fuel supply system, and a new NOx emission mitigation system developed by Korea Shipbuilding & Offshore Engineering and Hyundai Heavy Industries.
The Global Centre for Maritime Decarbonisation and the Society for Gas as a Marine Fuel will collaborate on new guidelines for ammonia as a marine fuel. The work will help build towards ammonia bunkering demonstrations in Singapore.
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.
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).
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.